Inver Grove Heights, MN is a great city located in the Minneapolis-St. Paul metropolitan area. It is home to many well-known companies such as 3M, Lockheed Martin Space Systems Company, and Millennium Specialty Chemicals. In addition to these big names, there are plenty of local businesses in the area that offer delicious food, unique shopping experiences, and entertainment venues. It also boasts several attractions such as the South St. Paul Municipal Airport, the Minnesota Zoo, and Valleywood Golf Course. With an average two bedroom rent of $1,430 and a grocery cost index of 102 compared to 100 in the US, Inver Grove Heights is both affordable and desirable for both residents and visitors alike!
Inver Grove Heights has an unemployment rate of 4.1%. The US average is 6.0%.
Inver Grove Heights 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 36.4%, which is higher than the US average of 33.5%.
Tax Rates for Inver Grove Heights
- The Sales Tax Rate for Inver Grove Heights is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Inver Grove Heights 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 Inver Grove Heights
- The average income of a Inver Grove Heights resident is $35,212 a year. The US average is $28,555 a year.
- The Median household income of a Inver Grove Heights resident is $89,141 a year. The US average is $69,021 a year.