Mound, Minnesota (55364) is a small city located just west of Minneapolis along the shores of Lake Minnetonka. In Mound, the cost of living is lower than the average cost for the US with an average 2 bedroom rent of $1,340 compared to $1,430 for the US. The grocery cost index in Mound is also lower than the national average at 103 compared to 100. Mound offers a variety of local businesses including Polycut Manufacturing Company, Cargill Incorporated, and Minnesota Zinc Company. The town also hosts numerous recreational activities and events at its lakefront parks and trails as well as their local civic center. Mound offers a great quality of life in a serene setting with plenty of outdoor activities and amenities for residents to enjoy.
Mound (zip 55364) has an unemployment rate of 4.2%. The US average is 6.0%.
Mound (zip 55364) 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 36.9%, which is higher than the US average of 33.5%.
Tax Rates for Mound (zip 55364)
- The Sales Tax Rate for Mound (zip 55364) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Mound (zip 55364) 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 Mound (zip 55364)
- The average income of a Mound (zip 55364) resident is $67,704 a year. The US average is $37,638 a year.
- The Median household income of a Mound (zip 55364) resident is $103,714 a year. The US average is $69,021 a year.