\nInver Grove Heights, MN is a thriving town in southeastern Minnesota with an abundance of local businesses and attractions. The population is 55,076 according to the 2010 census. Living in this town can be quite affordable when compared to many other cities across the country. A two-bedroom rent in this area is $1,500 which is much lower than the US average of $1,430 for two-bedroom rent. Grocery costs are also on par as the Cost Index for Inver Grove Heights is 100 compared to 100 in the US indicating that prices are largely similar.
The city offers a diverse selection of eateries and stores to choose from including midwestern staples like Red's Savoy Pizza, Famous Dave's BBQ, and Joe Senser's Sports Bar & Grill. For groceries there are Cub Foods, Aldi, and Trader Joe's among others providing residents with variety and quality options at a reasonable price. In addition to its selection of culinary delights this town also has plenty of entertainment venues such as Arden Hills Country Club Golf Course and Seven Hills Skate Park, making it an attractive city to live in for people looking for an affordable cost of living while having access to plenty of amenities.
Inver Grove Heights (zip 55076) has an unemployment rate of 4.1%. The US average is 6.0%.
Inver Grove Heights (zip 55076) 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 36.4%, which is higher than the US average of 33.5%.
Tax Rates for Inver Grove Heights (zip 55076)
- The Sales Tax Rate for Inver Grove Heights (zip 55076) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Inver Grove Heights (zip 55076) 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 Inver Grove Heights (zip 55076)
- The average income of a Inver Grove Heights (zip 55076) resident is $42,904 a year. The US average is $37,638 a year.
- The Median household income of a Inver Grove Heights (zip 55076) resident is $86,862 a year. The US average is $69,021 a year.