Shakopee, Minnesota is a vibrant city with a wide variety of businesses and attractions. The city is well-known for its low rent prices, with the average two-bedroom apartment costing $1,570 compared to the national average of $1,430. Grocery costs are also low in Shakopee; the Grocery Cost Index is 101 versus 100 nationally. Shakopee boasts many popular companies such as Amazon's fulfillment center, Canterbury Park horse track, and Valleyfair amusement park. There are also numerous attractions available such as Mystic Lake Casino Hotel and Minnesota Renaissance Festival. With its diverse range of business and activities to choose from, Shakopee is an ideal place for those looking for an affordable yet entertaining lifestyle.
Shakopee has an unemployment rate of 4.3%. The US average is 6.0%.
Shakopee has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.
Tax Rates for Shakopee
- The Sales Tax Rate for Shakopee is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Shakopee 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 Shakopee
- The average income of a Shakopee resident is $40,748 a year. The US average is $37,638 a year.
- The Median household income of a Shakopee resident is $96,473 a year. The US average is $69,021 a year.