Zip 55103 (St. Paul, MN) Economy


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St. Paul, Minnesota (55103) is a bustling city with an array of attractions and activities to explore. The average 2 bedroom rent in St. Paul is $1,250 which is notably cheaper than the US average of $1,430. Additionally, groceries cost index in St. Paul is 98 versus the national average of 100 making it a great place for those on a budget to live and raise a family. Some local companies in St. Paul include Ecolab, 3M Company, Lorenz Bus Service, Securian Financial Group Inc., Xcel Energy and Saint Paul Port Authority. These businesses provide job opportunities that are often highly sought after and provide valuable resources to the community at large.

St. Paul (zip 55103) has an unemployment rate of 4.9%. The US average is 6.0%.

St. Paul (zip 55103) 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 35.9%, which is higher than the US average of 33.5%.

Tax Rates for St. Paul (zip 55103)
- The Sales Tax Rate for St. Paul (zip 55103) is 7.9%. The US average is 7.3%.
- The Income Tax Rate for St. Paul (zip 55103) 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 55103)
- The average income of a St. Paul (zip 55103) resident is $16,298 a year. The US average is $28,555 a year.
- The Median household income of a St. Paul (zip 55103) resident is $41,101 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySt. Paul, MinnesotaUnited States
  4.96
  -3.6%-6.2%
  35.9%33.5%
  7.9%6.2%
  7.1%4.6%
  $23,130$37,638
  $41,101$69,021
  $57,697$85,028
  Population by Occupation
  0.9%1.2%
  0.0%0.5%
  4.4%6.8%
  11.2%10.0%
  0.8%2.5%
  12.2%11.0%
  4.1%4.8%
  0.3%0.8%
  1.6%1.9%
  3.3%4.7%
  0.4%1.9%
  4.8%7.6%
  0.4%0.1%
  4.7%4.2%
  9.5%9.3%
  17.6%14.0%
  3.6%2.1%
  8.9%7.0%
  4.4%4.8%
  6.6%4.7%
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