Zip 55437 (Bloomington, MN) Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
55437 Bloomington, MN is a vibrant city located in the Twin Cities metropolitan area. It offers an affordable cost of living and two bedroom rent averages $1,500 which is slightly more than the US average of $1,430. Additionally, the grocery cost index average for 55437 Bloomington, MN is 102 versus 100 in the US. There are many local businesses in 55437 Bloomington, MN that offer a variety of services including Target Corporation Corporate Headquarters, BCT International Inc., and HealthPartners. These companies provide employment opportunities to members of the community and contribute to its overall vibrancy. In conclusion, 55437 Bloomington, MN is an ideal place for those who enjoy city life but also want to keep their costs low.

Bloomington (zip 55437) has an unemployment rate of 4.6%. The US average is 6.0%.

Bloomington (zip 55437) has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 32.4%, which is lower than the US average of 33.5%.

Tax Rates for Bloomington (zip 55437)
- The Sales Tax Rate for Bloomington (zip 55437) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Bloomington (zip 55437) 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 Bloomington (zip 55437)
- The average income of a Bloomington (zip 55437) resident is $51,524 a year. The US average is $37,638 a year.
- The Median household income of a Bloomington (zip 55437) resident is $88,186 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBloomington, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Health

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.