55454 Minneapolis, MN is a vibrant city with plenty to do. It has an average 2-bedroom rent of $1,210 which is significantly lower than the US average of $1,430. The grocery cost index in 55454 is also slightly lower than the US average at 97. Many great attractions can be visited in the city such as the Minneapolis Institute of Art, providing access to a variety of art and interactive experiences. There are also several local companies that have made their home in 55454 such as Target Corporation headquarters and General Mills. Minneapolis is an exciting place to live with plenty of culture and activities to explore.
Minneapolis (zip 55454) has an unemployment rate of 4.5%. The US average is 6.0%.
Minneapolis (zip 55454) 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 55454)
- The Sales Tax Rate for Minneapolis (zip 55454) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Minneapolis (zip 55454) 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 55454)
- The average income of a Minneapolis (zip 55454) resident is $14,886 a year. The US average is $37,638 a year.
- The Median household income of a Minneapolis (zip 55454) resident is $23,634 a year. The US average is $69,021 a year.