Oak Park, Minnesota is a lively city in the 56357 zip code area. Many people come to this area for its low cost of living, as 2 bedroom rent averages $990 per month - significantly lower than the US average of $1,430. The Grocery Cost Index is also lower than the US national average at 100. This makes Oak Park an ideal place to live and work.
The city boasts many local businesses and amenities that appeal to people of all ages. For example, residents can enjoy shopping at stores like Target, Walmart, and Kohl's or dine out at one of the many restaurants such as Famous Dave's BBQ and Taste of India. There are also several golf courses nearby including Eagle Lake Golf Course and The Links At Northfork for those who love to hit the links. Additionally, there are plenty of outdoor activities available in Oak Park such as biking along Lake Minnetonka or fishing on Murphy-Hanrehan Lake Reserve. All these features make 56357 Oak Park a great place to call home.
Oak Park (zip 56357) has an unemployment rate of 6.1%. The US average is 6.0%.
Oak Park (zip 56357) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 33.5%, which is higher than the US average of 33.5%.
Tax Rates for Oak Park (zip 56357)
- The Sales Tax Rate for Oak Park (zip 56357) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Oak Park (zip 56357) 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 Oak Park (zip 56357)
- The average income of a Oak Park (zip 56357) resident is $25,250 a year. The US average is $28,555 a year.
- The Median household income of a Oak Park (zip 56357) resident is $96,375 a year. The US average is $69,021 a year.