Minneapolis, Minnesota 

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Economy in Minneapolis, Minnesota

Minneapolis has an unemployment rate of 3.2%. The US average is 3.7%.

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
  3.2%3.7%
  1.8%1.6%
  36.7%33.5%
  8.0%6.2%
  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    154 Reviews
    MN Nice!? OK sure only on the surface not the soul - 8/7/2020
    I Lived here for 3 years and I have to say Mn landscape nature biking etc is Nice lots of malls specially in Metro .Great Entertainment for sports it has NFL MLS MLB NBA... Read More

    Start Your Review of Minneapolis


    Our residents are Blue in more ways than one. - 6/1/2020
    Disclosure: I'm 28 and have lived in Minneapolis or St. Paul for 19 years. At this age I am maxed out on MN winters. They get harder for me every year. It is honestly... Read More

    Great city, COLD winters - 1/14/2020
    I'm 16 yrs old and have lived here all my life. Minneapolis is a great city and has all the typical big city amenities. The education is really good here and this is a... Read More


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    COMPARE COST OF LIVING
    Compare Minneapolis, Minnesota to any other place in the USA.

    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
    $735,000
    5044 Upton Ave S
    Bed 4 | Bath 3

    $429,900
    5908 Morgan Ave S
    Bed 4 | Bath 3

    $-
    3833 Elliot Ave
    Bed N/A | Bath N/A

    $294,900
    883 Weeks Ave SE
    Bed 3 | Bath 1

    $409,000
    6048 Knox Ave S
    Bed 4 | Bath 2

    $160,000
    2201 21st Ave S
    Bed 3 | Bath 1

    $699,900
    5425 Emerson Ave S
    Bed 4 | Bath 3


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