55414 Minneapolis, MN is a great place to live with plenty of local amenities and companies. Located in the heart of the city, it offers easy access to a number of businesses, shops, restaurants, and entertainment venues. The average two bedroom rent is $1,330 which is much lower than the US average of $1,430. Grocery costs are also reasonable with an index score of 102 versus the US score of 100. Some popular local companies include 3M Company, General Mills Inc., Target Corporation, UnitedHealth Group, Cargill Inc., Big Seven Corp., and Supervalu Inc. There is also plenty to do in terms of entertainment with attractions like the Walker Art Center, Minnesota Vikings Football Stadiums and U.S. Bank Stadium. With its low cost of living and many diverse activities to enjoy 55414 Minneapolis makes for a great place to call home
Minneapolis (zip 55414) has an unemployment rate of 4.5%. The US average is 6.0%.
Minneapolis (zip 55414) 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 55414)
- The Sales Tax Rate for Minneapolis (zip 55414) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Minneapolis (zip 55414) 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 55414)
- The average income of a Minneapolis (zip 55414) resident is $28,216 a year. The US average is $37,638 a year.
- The Median household income of a Minneapolis (zip 55414) resident is $43,001 a year. The US average is $69,021 a year.