Coon Rapids, Minnesota (55433) is a suburb located in Anoka County with a population of about 60,000 people. It is known for being home to many large companies such as Target Corporation, Thrivent Financial and Xcel Energy. It is also a popular destination for shopping and entertainment with the Riverdale Shopping Center and Northtown Mall located within its borders.
The cost of living in Coon Rapids is comparable to the national average as the rent for 2 bedroom apartments averages around $1,440 while the US national average is $1,430. The Grocery Cost Index in Coon Rapids is 100 compared to the US which stands at 100 as well. There are also several attractions located in or near Coon Rapids such as Bunker Beach Water Park, Anoka County Park and Springbrook Nature Center that all offer great family fun.
Coon Rapids (zip 55433) has an unemployment rate of 4.5%. The US average is 6.0%.
Coon Rapids (zip 55433) 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 35.2%, which is higher than the US average of 33.5%.
Tax Rates for Coon Rapids (zip 55433)
- The Sales Tax Rate for Coon Rapids (zip 55433) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Coon Rapids (zip 55433) 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 Coon Rapids (zip 55433)
- The average income of a Coon Rapids (zip 55433) resident is $28,458 a year. The US average is $28,555 a year.
- The Median household income of a Coon Rapids (zip 55433) resident is $72,999 a year. The US average is $69,021 a year.