Brook Park, Minnesota is a small town located in Hennepin County, with a population of just over 5500 people. It is known for its small-town charm and peaceful atmosphere that makes it an ideal place for families to settle down. Renting a two-bedroom apartment in Brook Park is affordable at $990 per month, compared to the national average of $1,430. Grocery prices are also very competitive here—the Grocery Cost Index is 96, versus 100 in the United States.
The economy in Brook Park is mostly comprised of small businesses and local retailers. Popular companies in the area include Pulse Robotics Inc., Miracle Recreation Equipment Co., and Yung Xiong Drywall & Painting Services. Brook Park also has several parks and recreational areas, such as the Kennedy Memorial Grounds and Johnston Creek Trail, which offer plenty of outdoor activities for locals to enjoy. Overall, Brook Park is an attractive city with many opportunities and amenities available to its residents.
Brook Park (zip 55007) has an unemployment rate of 7.7%. The US average is 6.0%.
Brook Park (zip 55007) has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Brook Park (zip 55007)
- The Sales Tax Rate for Brook Park (zip 55007) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Brook Park (zip 55007) 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 Brook Park (zip 55007)
- The average income of a Brook Park (zip 55007) resident is $29,348 a year. The US average is $37,638 a year.
- The Median household income of a Brook Park (zip 55007) resident is $57,500 a year. The US average is $69,021 a year.