Shakopee, MN (55379) is a popular city near Minneapolis with an emerging job market and a growing population. Companies like Target Corporation and Allianz Life Insurance Company of North America have headquarters in Shakopee, making it a great place to find employment. The average two-bedroom rental price in Shakopee is $1,490 which is slightly higher than the US average of $1,430. The grocery cost index in Shakopee is 101 versus 100 in the US, making it relatively affordable to live there compared to other areas. All things considered, living in Shakopee can be more expensive than other parts of the country but the opportunities for employment and growth make it worth considering for those looking for new homes.
Shakopee (zip 55379) has an unemployment rate of 4.3%. The US average is 6.0%.
Shakopee (zip 55379) has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.
Tax Rates for Shakopee (zip 55379)
- The Sales Tax Rate for Shakopee (zip 55379) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Shakopee (zip 55379) 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 Shakopee (zip 55379)
- The average income of a Shakopee (zip 55379) resident is $41,412 a year. The US average is $37,638 a year.
- The Median household income of a Shakopee (zip 55379) resident is $95,602 a year. The US average is $69,021 a year.