Coon Rapids, Minnesota (Zip Code 55448) is a bustling town located northwest of Minneapolis. It offers a variety of amenities and attractions, including affordable housing options such as 2 bedroom rent starting at $1,640 (compared to the US national average of $1,430). In addition, living costs in Coon Rapids are comparable to the US overall; the local grocery cost index is 100 compared to 100 nationally. There are many local businesses in Coon Rapids that create employment opportunities for residents and visitors alike. Notable companies in the area include Target Corporation, Allina Health System, Anoka-Hennepin School District, OTG Management, Land O'Lakes Inc., and many more.
Coon Rapids (zip 55448) has an unemployment rate of 4.5%. The US average is 6.0%.
Coon Rapids (zip 55448) has seen the job market decrease by -3.7% 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 55448)
- The Sales Tax Rate for Coon Rapids (zip 55448) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Coon Rapids (zip 55448) 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 55448)
- The average income of a Coon Rapids (zip 55448) resident is $37,578 a year. The US average is $37,638 a year.
- The Median household income of a Coon Rapids (zip 55448) resident is $84,572 a year. The US average is $69,021 a year.