Minneapolis, Minnesota (55415) is a city in the Upper Midwest of the United States. It is home to major companies such as Target, U.S. Bancorp, Best Buy, and Supervalu. The two-bedroom rent in Minneapolis is $2,120 which is slightly higher than the US average of $1,430. Grocery cost in Minneapolis is 106 versus 100 in the US which means that it will be slightly more expensive to buy groceries here. Minneapolis also has great entertainment options with its multiple art galleries and theatres as well as its many parks and lakes making it a great place to live for families and young professionals alike.
Minneapolis (zip 55415) has an unemployment rate of 4.5%. The US average is 6.0%.
Minneapolis (zip 55415) 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 55415)
- The Sales Tax Rate for Minneapolis (zip 55415) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Minneapolis (zip 55415) 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 55415)
- The average income of a Minneapolis (zip 55415) resident is $42,643 a year. The US average is $28,555 a year.
- The Median household income of a Minneapolis (zip 55415) resident is $118,079 a year. The US average is $69,021 a year.