Zip 55318 (Chaska, MN) Economy


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Chaska, MN 55318 is a great place to live. The 2 bedroom rent in Chaska is quite affordable at $1,480 compared to the US average of $1,430. Additionally, grocery costs index in Chaska is 103 versus 100 in the US making groceries more affordable than other areas. There are many local companies based in Chaska such as 3M, Tonka Bay Equity Partners and Diversified Plastics. 3M produces a wide range of products from adhesives to office supplies. Tonka Bay Equity Partners is a private equity firm that works with clients to optimize capital investments and acquisitions. Finally, Diversified Plastics specializes in producing custom plastic components for various industries.

Chaska (zip 55318) has an unemployment rate of 3.7%. The US average is 6.0%.

Chaska (zip 55318) 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 38.0%, which is higher than the US average of 33.5%.

Tax Rates for Chaska (zip 55318)
- The Sales Tax Rate for Chaska (zip 55318) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Chaska (zip 55318) 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 Chaska (zip 55318)
- The average income of a Chaska (zip 55318) resident is $36,713 a year. The US average is $28,555 a year.
- The Median household income of a Chaska (zip 55318) resident is $96,502 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChaska, MinnesotaUnited States
  3.76
  -3.6%-6.2%
  38.0%33.5%
  7.4%6.2%
  7.1%4.6%
  $48,520$37,638
  $96,502$69,021
  $130,600$85,028
  Population by Occupation
  1.0%1.2%
  0.1%0.5%
  5.2%6.8%
  16.3%10.0%
  3.2%2.5%
  10.9%11.0%
  3.5%4.8%
  0.5%0.8%
  1.8%1.9%
  8.6%4.7%
  2.4%1.9%
  7.3%7.6%
  0.3%0.1%
  3.6%4.2%
  7.3%9.3%
  14.8%14.0%
  2.6%2.1%
  5.1%7.0%
  3.4%4.8%
  2.1%4.7%
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