Minneapolis, Minnesota 

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Economy in Minneapolis, Minnesota

Minneapolis has an unemployment rate of 2.5%. The US average is 3.9%.

Minneapolis has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.

Tax Rates for Minneapolis
- The Sales Tax Rate for Minneapolis is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Minneapolis is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Minneapolis
- The average income of a Minneapolis resident is $32,232 a year. The US average is $28,555 a year.
- The Median household income of a Minneapolis resident is $50,767 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYMinneapolis, MinnesotaUnited States
  2.5%3.9%
  1.8%1.6%
  36.7%33.5%
  8.0%7.3%
  7.1%4.6%
  $35,259$31,177
  $55,720$57,652
  $78,227$70,850
  POPULATION BY OCCUPATION
  0.4%1.3%
  0.0%0.6%
  2.8%6.2%
  8.5%10.4%
  2.1%2.7%
  10.4%11.6%
  3.0%4.1%
  0.4%0.9%
  2.4%2.1%
  6.2%4.7%
  1.8%1.9%
  10.5%6.7%
  0.2%0.1%
  4.5%4.3%
  12.5%9.3%
  14.2%13.8%
  3.3%2.2%
  9.5%7.4%
  4.6%4.9%
  2.5%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    Reviews for Minneapolis    145 Reviews
    Challenging place, but possibly worth it. - 6/27/2018
    Disclaimer - yes I am a transplant, from another smaller midwestern city. Minnesota is not a place you just casually move to, you must think hard about here. Let's get... Read More

    Start Your Review of Minneapolis


    VERY, VERY, VERY underrated - 6/6/2018
    I absolutely LOVE this city! And would put this in my Top 10 cities in the country easily... No order: -New York - Los Angelos - Washington DC - Chicago -... Read More

    It’s probably you not them - 5/2/2018
    Having read the negative reviews of Minneapolis residents, I can say the poster’s should take a good long look at themselves.... I lived in the twin cities area for... Read More


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    MAPS OF MINNEAPOLIS, MINNESOTA
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Minneapolis,Minnesota Map
    ZIP CODES IN MINNEAPOLIS, MINNESOTA
    55407, 55406, 55414, 55408, 55411, 55418, 55404, 55419, 55417, 55412, ... 21 more

    NEW LISTINGS IN MINNEAPOLIS MN
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    Bed 3 | Bath 1.0 |

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    Bed 3 | Bath 3.0 |

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