55404 Minneapolis, MN is an ideal place to call home. The 2 bedroom rent in this area is $1,350, which is lower than the national average of $1,430. Other common living expenses such as groceries are also quite affordable with a grocery cost index of 100—the same as the rest of America. In addition to affording a comfortable lifestyle, 55404 offers plenty of opportunities for employment and growth. Major companies like U.S. Bank, 3M, and Target Corporation have their headquarters in Minneapolis and provide great job opportunities to locals. Many other local businesses thrive across various industries such as retail, healthcare services, finance and technology consulting. All this makes 55404 one of the best places to live in the US!
Minneapolis (zip 55404) has an unemployment rate of 4.5%. The US average is 6.0%.
Minneapolis (zip 55404) 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 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Minneapolis (zip 55404)
- The Sales Tax Rate for Minneapolis (zip 55404) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Minneapolis (zip 55404) 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 55404)
- The average income of a Minneapolis (zip 55404) resident is $20,172 a year. The US average is $28,555 a year.
- The Median household income of a Minneapolis (zip 55404) resident is $37,029 a year. The US average is $69,021 a year.