The city of Minneapolis, MN (55410) is a bustling metropolitan area that offers a plethora of amenities and opportunities for its residents. The average two-bedroom rent in this area is $1,550 compared to the national average of $1,430. In addition, the grocery cost index in Minneapolis stands at 107 compared to the US average of 100.
The city provides many employment opportunities for those looking to start their career or build their business. Some of the leading local employers in Minneapolis include Target Corporation, UnitedHealth Group, St. Jude Medical Inc., 3M Company and Best Buy Co., Inc., among others. Additionally, there are several small businesses and startups located throughout the city that offer unique services and products to its diverse population.
Minneapolis (zip 55410) has an unemployment rate of 4.5%. The US average is 6.0%.
Minneapolis (zip 55410) 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 55410)
- The Sales Tax Rate for Minneapolis (zip 55410) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Minneapolis (zip 55410) 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 55410)
- The average income of a Minneapolis (zip 55410) resident is $73,959 a year. The US average is $37,638 a year.
- The Median household income of a Minneapolis (zip 55410) resident is $135,260 a year. The US average is $69,021 a year.