The 2 bedroom rent in Minneapolis, Minnesota (55417) is $1,350, which is slightly lower than the US average of $1,430. The Grocery Cost Index for Minneapolis is 102, which indicates that it is slightly more expensive to buy groceries here than the national average. Companies such as Target, Best Buy and General Mills are all headquartered in Minneapolis, providing a wealth of job opportunities for locals. Despite being more expensive than the US average, groceries are generally still quite affordable in Minneapolis and can be bought at stores like Lunds & Byerlys and Trader Joes.
Minneapolis (zip 55417) has an unemployment rate of 4.5%. The US average is 6.0%.
Minneapolis (zip 55417) 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 (zip 55417)
- The Sales Tax Rate for Minneapolis (zip 55417) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Minneapolis (zip 55417) 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 (zip 55417)
- The average income of a Minneapolis (zip 55417) resident is $38,459 a year. The US average is $28,555 a year.
- The Median household income of a Minneapolis (zip 55417) resident is $107,586 a year. The US average is $69,021 a year.