55107 St. Paul, MN is a vibrant town with plenty of activities for both young professionals and families alike. The median 2 bedroom rent in the area is $1,270 which is slightly lower than the US average of $1,430. Grocery cost index in this area is also lower than the US average at 98 compared to 100. This makes living in 55107 St. Paul, MN an affordable option for many.
The local economy has a diverse range of thriving businesses including 3M Company, Ecolab Inc., Securian Financial Group and CHS Inc., providing plenty of employment opportunities for residents in the area. Not only does 55107 St. Paul have an active professional life but there are numerous recreational activities which make it an ideal place to live. Popular attractions include Como Park Zoo & Conservatory, Grand Avenue shopping district and Harriet Island Regional Park- all of which provide loads of fun activities for people of all ages! All this combined with its affordability makes 55107 St.Paul,MN an attractive destination to settle down and start a family or simply enjoy life as a singleton or retiree!
St. Paul (zip 55107) has an unemployment rate of 4.9%. The US average is 6.0%.
St. Paul (zip 55107) 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 55107)
- The Sales Tax Rate for St. Paul (zip 55107) is 7.9%. The US average is 7.3%.
- The Income Tax Rate for St. Paul (zip 55107) 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 55107)
- The average income of a St. Paul (zip 55107) resident is $20,437 a year. The US average is $28,555 a year.
- The Median household income of a St. Paul (zip 55107) resident is $59,819 a year. The US average is $69,021 a year.