Apple Valley, MN (55124) is an ideal place to settle down. With a population of over 50,000 people, this city offers plenty of amenities and activities for everyone. The average two bedroom rent in Apple Valley is slightly higher than the US average--at $1,690 compared to $1,430--however the overall cost of living is quite affordable. The Grocery Cost Index in this area is 102 versus 100 in the US which suggests that groceries may be slightly more expensive than elsewhere. People living in Apple Valley have access to plenty of local shops and services such as Cub Foods, Target, The Magpie Boutique, Karmel Square Mall, and many more. With so much to offer, it's easy to see why Apple Valley is one of Minnesota's most desirable locations!
Apple Valley (zip 55124) has an unemployment rate of 3.6%. The US average is 6.0%.
Apple Valley (zip 55124) 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 38.2%, which is higher than the US average of 33.5%.
Tax Rates for Apple Valley (zip 55124)
- The Sales Tax Rate for Apple Valley (zip 55124) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Apple Valley (zip 55124) 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 Apple Valley (zip 55124)
- The average income of a Apple Valley (zip 55124) resident is $38,444 a year. The US average is $28,555 a year.
- The Median household income of a Apple Valley (zip 55124) resident is $91,936 a year. The US average is $69,021 a year.