Center City, MN is a thriving city located near the Twin Cities metropolitan area. It has a population of approximately 5,500 people and a median household income of $64,265. The cost of renting a two bedroom apartment in Center City is slightly lower than the US average at $1,210 while other living costs such as groceries are slightly higher with an index of 101 compared to 100. Furthermore, the city boasts plenty of well-known companies such as 3M, Xcel Energy, Mayo Clinic and Target Corporation which are based out of the area. In conclusion, Center City is an ideal location for many due to its affordability and access to renowned businesses in the area.
Center City (zip 55012) has an unemployment rate of 5.4%. The US average is 6.0%.
Center City (zip 55012) 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 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Center City (zip 55012)
- The Sales Tax Rate for Center City (zip 55012) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Center City (zip 55012) 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 Center City (zip 55012)
- The average income of a Center City (zip 55012) resident is $29,781 a year. The US average is $28,555 a year.
- The Median household income of a Center City (zip 55012) resident is $81,815 a year. The US average is $69,021 a year.