St. Paul, MN 55108 is a thriving city located in northeast Minnesota. It is home to numerous large companies such as 3M, Ecolab, Land O' Lakes, and Xcel Energy. The cost of living here is slightly higher than the national average. The two bedroom rent here is $1,440 compared to the US two bedroom rent that is $1,430. This relatively small difference makes St. Paul an attractive place for those looking for affordable housing without sacrificing quality of life or job opportunities. Grocery costs are also slightly higher in St. Paul with an index of 102 compared to 100 in the US on average; however, overall St. Paul still remains a great place to live with its abundance of local businesses and employment options at competitive prices.
St. Paul (zip 55108) has an unemployment rate of 4.9%. The US average is 6.0%.
St. Paul (zip 55108) 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 55108)
- The Sales Tax Rate for St. Paul (zip 55108) is 7.9%. The US average is 7.3%.
- The Income Tax Rate for St. Paul (zip 55108) 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 55108)
- The average income of a St. Paul (zip 55108) resident is $33,295 a year. The US average is $28,555 a year.
- The Median household income of a St. Paul (zip 55108) resident is $78,708 a year. The US average is $69,021 a year.