Minnetonka, MN 55345 is a wonderful place to call home. The 2 bedroom rent in this area is surprisingly affordable at $1,710 per month compared to the national average of $1,430. Plus, the grocery cost index is 105 versus the US average of 100 making it easy to get your groceries without breaking the bank.
The city has great employment opportunities with some of the top companies located here such as UnitedHealth Group, Cargill, and General Mills. These large employers mean that Minnetonka's economy is strong and stable. There are also plenty of other smaller businesses which gives residents even more variety when it comes to job choice.
Living in Minnetonka comes with many perks as well. The city offers a vibrant downtown full of restaurants and stores for shopping and entertainment. It also has beautiful parks for outdoor fun along with trails for biking and jogging. Furthermore, there are several excellent schools that serve the area’s children including Robbinsdale Spanish Immersion School.
Overall, Minnetonka, MN 55345 is an excellent place to live due to its affordability, strong job market, and many amenities that make life enjoyable.
Minnetonka (zip 55345) has an unemployment rate of 3.3%. The US average is 6.0%.
Minnetonka (zip 55345) 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 38.4%, which is higher than the US average of 33.5%.
Tax Rates for Minnetonka (zip 55345)
- The Sales Tax Rate for Minnetonka (zip 55345) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Minnetonka (zip 55345) 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 Minnetonka (zip 55345)
- The average income of a Minnetonka (zip 55345) resident is $45,825 a year. The US average is $28,555 a year.
- The Median household income of a Minnetonka (zip 55345) resident is $120,204 a year. The US average is $69,021 a year.