St. Francis, Minnesota (zip code 55070) is a small city with a population of around 8,000 people. Located just north of Minneapolis, St. Francis offers easy access to the Twin Cities and amenities such as restaurants and shopping centers. The cost of living in St. Francis is estimated to be about 6% lower than the national average according to BestPlaces.net. The average rent for a two bedroom apartment in St. Francis is $1,390 compared to the national rate of $1,430 while the Grocery Cost Index is 100 versus 100 in the US.
The area has a few local employers such as South Hennepin Recycling and Refuse Collection Center and BAM Plastics Inc., both located within five miles of downtown St. Francis. Additionally, nearby cities such as Anoka offer larger employers like Target Corporation and Fairview Health Services that employ many people from St. Francis and surrounding areas. With its proximity to major cities and an affordable cost of living, residents can enjoy all the advantages Minnesota has to offer without having to pay large urban prices for housing or groceries.
St. Francis (zip 55070) has an unemployment rate of 4.4%. The US average is 6.0%.
St. Francis (zip 55070) 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 35.9%, which is higher than the US average of 33.5%.
Tax Rates for St. Francis (zip 55070)
- The Sales Tax Rate for St. Francis (zip 55070) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for St. Francis (zip 55070) 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 St. Francis (zip 55070)
- The average income of a St. Francis (zip 55070) resident is $33,367 a year. The US average is $37,638 a year.
- The Median household income of a St. Francis (zip 55070) resident is $89,242 a year. The US average is $69,021 a year.