St. Paul, MN Economy


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St. Paul, MN is a bustling city with many attractions and amenities. It is the capital of Minnesota and home to world-famous companies such as Ecolab, Travelers Companies, and 3M. The cost of living in St. Paul is lower than the national average with 2 bedroom rental prices averaging $1,340 compared to $1,430 in the United States. This equates to a 6% savings on rent by choosing St. Paul as your home base. Additionally, the grocery cost index in St. Paul is 100 compared to the US which means its groceries are also more affordable than many other cities across the country.

St. Paul has an unemployment rate of 4.9%. The US average is 6.0%.

St. Paul 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 35.9%, which is higher than the US average of 33.5%.

Tax Rates for St. Paul
- The Sales Tax Rate for St. Paul is 7.9%. The US average is 7.3%.
- The Income Tax Rate for St. Paul 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 St. Paul
- The average income of a St. Paul resident is $26,268 a year. The US average is $28,555 a year.
- The Median household income of a St. Paul resident is $63,483 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySt. Paul, MinnesotaUnited States
  4.96
  -3.6%-6.2%
  35.9%33.5%
  7.9%6.2%
  7.1%4.6%
  $35,547$37,638
  $63,483$69,021
  $81,061$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  4.0%6.8%
  11.4%10.0%
  2.2%2.5%
  9.2%11.0%
  4.2%4.8%
  0.3%0.8%
  1.9%1.9%
  5.1%4.7%
  1.5%1.9%
  7.6%7.6%
  0.3%0.1%
  3.7%4.2%
  12.2%9.3%
  16.4%14.0%
  2.5%2.1%
  7.3%7.0%
  4.9%4.8%
  4.7%4.7%
Reviews for St. Paul
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Over 6 years ago

St Paul is a nice city to live, especially for raising a family. I am a transplant, moving here 33 years ago at the age of 26. I am self employed in the remodeling  More

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Over 6 years ago

I have lived in Minnesota my whole life and I’m 50+. As you get older the humidity is unbearable and the mosquitoes seem to get bigger?! I can count on one hand how  More

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Over 7 years ago

The MPA community is the most at home I have ever felt.  More

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