The city of 55402 Minneapolis, MN is a great place to live with an average 2 bedroom rent of $1,800 compared to the U.S. average of $1,430 and a grocery cost index of 99 versus 100 in the U.S. There are plenty of local companies to choose from like Target Corporation, UnitedHealth Group, General Mills and Ecolab Inc. Minneapolis is also known for its local businesses such as The Wedge Co-Op Grocery Store and Ginger Hop Restaurant & Bar. In addition to these renowned companies and businesses there are plenty more around the city that provide excellent services and products within this zip code.
Minneapolis (zip 55402) has an unemployment rate of 4.5%. The US average is 6.0%.
Minneapolis (zip 55402) has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Minneapolis (zip 55402)
- The Sales Tax Rate for Minneapolis (zip 55402) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Minneapolis (zip 55402) 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 Minneapolis (zip 55402)
- The average income of a Minneapolis (zip 55402) resident is $62,818 a year. The US average is $37,638 a year.
- The Median household income of a Minneapolis (zip 55402) resident is $61,360 a year. The US average is $69,021 a year.