The small town of Spring Park, MN (55384) is a quaint community situated on the shores of Lake Minnetonka. Located in Hennepin County, Spring Park offers its residents an idyllic lifestyle with plenty of recreational activities and good living conditions. The two-bedroom rent in this town is $1,400 compared to the US at $1,430. Additionally, grocery cost index here is 105 versus 100 in the US offering locals more affordable food items.
Spring Park is home to a variety of companies including True Food Kitchen, Keyflight Travel Agency and Grand View Boat Rentals. Residents enjoy strolling through quaint local shops while browsing locally brewed beers and unique specialty items. For those looking for outdoor adventures, numerous parks and trails offer stunning views of Lake Minnetonka while offering opportunities for bike riding fishing and kayaking. With its charming homes, friendly neighbors and convenient location near Minneapolis-St Paul International Airport, Spring Park provides a perfect blend of urban convenience and rural beauty for its residents.
Spring Park (zip 55384) has an unemployment rate of 4.2%. The US average is 6.0%.
Spring Park (zip 55384) has seen the job market increase by 1.8% 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 Spring Park (zip 55384)
- The Sales Tax Rate for Spring Park (zip 55384) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Spring Park (zip 55384) 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 Spring Park (zip 55384)
- The average income of a Spring Park (zip 55384) resident is $54,240 a year. The US average is $37,638 a year.
- The Median household income of a Spring Park (zip 55384) resident is $47,117 a year. The US average is $69,021 a year.