Hopkins, MN is a vibrant city located in Hennepin County. It is home to many local businesses such as The Pizza Palace, Kowalski's Markets, and the Center for Early Education. It is a great place to live for both young professionals and families looking for a safe neighborhood with plenty of activities. Rent in Hopkins, MN is slightly more expensive than the national average at $1,490 for a two bedroom apartment. The grocery cost index in Hopkins is also higher than the national average at 101 versus 100 respectively. This could be due to the high demand for living spaces in this area as it is known to have one of the strongest housing markets in Minnesota.
Hopkins (zip 55343) has an unemployment rate of 4.2%. The US average is 6.0%.
Hopkins (zip 55343) 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 36.9%, which is higher than the US average of 33.5%.
Tax Rates for Hopkins (zip 55343)
- The Sales Tax Rate for Hopkins (zip 55343) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Hopkins (zip 55343) 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 Hopkins (zip 55343)
- The average income of a Hopkins (zip 55343) resident is $33,924 a year. The US average is $28,555 a year.
- The Median household income of a Hopkins (zip 55343) resident is $71,659 a year. The US average is $69,021 a year.