St. Paul, Minnesota (zip code 55114) is a great city for those looking for a place to rent with two bedrooms costing around $1,550 per month. Groceries are slightly more expensive than in the US as a whole, with the cost index being 101. St. Paul is home to many large companies that contribute greatly to the local economy. Companies such as 3M, Ecolab, and Securian Financial Group have major offices in St. Paul, providing employment for thousands of people while also bringing in revenue from their products and services. These companies also help support other businesses in the area through their purchases of goods and services from small businesses and local vendors. With its strong economy bolstered by thriving businesses, St. Paul offers a great place to live with plenty of job opportunities and amenities for all tastes.
St. Paul (zip 55114) has an unemployment rate of 4.9%. The US average is 6.0%.
St. Paul (zip 55114) 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 35.9%, which is higher than the US average of 33.5%.
Tax Rates for St. Paul (zip 55114)
- The Sales Tax Rate for St. Paul (zip 55114) is 7.9%. The US average is 7.3%.
- The Income Tax Rate for St. Paul (zip 55114) 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. Paul (zip 55114)
- The average income of a St. Paul (zip 55114) resident is $48,047 a year. The US average is $37,638 a year.
- The Median household income of a St. Paul (zip 55114) resident is $63,651 a year. The US average is $69,021 a year.