Plymouth, Minnesota (zip code 55442) is a thriving suburb of the Twin Cities. Plymouth boasts high-end amenities at an affordable price, with two bedroom rents averaging $1,860 compared to the US average of $1,430. Grocery costs in Plymouth are higher than the US average as well, with a Grocery Cost Index of 104 compared to 100 in the US. Local companies such as HOM Furniture and Stone Arch Brew Pub have been around for many years in Plymouth, while more recently established businesses such as Trader Joe's and Target are expanding their presence in the city. Grocery stores include Cub Foods, Walmart Supercenter, Hy-Vee Food Store, Lunds & Byerlys, and Dave’s County Market. With its prime location and wide variety of amenities for residents to enjoy, Plymouth is a great place to call home.
Plymouth (zip 55442) has an unemployment rate of 3.4%. The US average is 6.0%.
Plymouth (zip 55442) 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 39.2%, which is higher than the US average of 33.5%.
Tax Rates for Plymouth (zip 55442)
- The Sales Tax Rate for Plymouth (zip 55442) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Plymouth (zip 55442) 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 Plymouth (zip 55442)
- The average income of a Plymouth (zip 55442) resident is $61,627 a year. The US average is $37,638 a year.
- The Median household income of a Plymouth (zip 55442) resident is $114,630 a year. The US average is $69,021 a year.