St. Louis Park, MN 55416 is a great place to live for those looking for affordable rent and an array of local businesses. Rent for a two-bedroom apartment in this area averages at $1,830 which is well below the national average of $1,430. Grocery costs are also relatively low compared to the US average, with the St. Louis Park cost index measuring at 104 as opposed to 100 in the US. Local companies in St. Louis Park include B&B Car Wash & Detailing Center, Punch Pizza, Salut Bar Americain, The Original Pancake House and Cub Foods. Other nearby amenities include movie theatres, specialty stores and other restaurants for all tastes and budgets.
St. Louis Park (zip 55416) has an unemployment rate of 3.5%. The US average is 6.0%.
St. Louis Park (zip 55416) 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 38.3%, which is higher than the US average of 33.5%.
Tax Rates for St. Louis Park (zip 55416)
- The Sales Tax Rate for St. Louis Park (zip 55416) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for St. Louis Park (zip 55416) 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. Louis Park (zip 55416)
- The average income of a St. Louis Park (zip 55416) resident is $53,320 a year. The US average is $28,555 a year.
- The Median household income of a St. Louis Park (zip 55416) resident is $93,875 a year. The US average is $69,021 a year.