Zip 55118 (West St. Paul, MN) Economy


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West St. Paul, MN is a great place to call home with its low cost of living and abundance of local businesses. Located in Dakota County, West St. Paul has a population of nearly 20,000 people. The average 2 bedroom rent in West St. Paul is $1,420 per month, which is lower than the US average 2 bedroom rent at $1,430 per month. Additionally, the Grocery Cost Index for West St. Paul is 101 versus 100 for the US as a whole.
Local businesses in West St. Paul include Target Corporation (the headquarters located just across the river in Minneapolis), Financial Security Bank, Dakota Electric Association and many other small retailers located adjacent to Robert Street on either side of South Robert Street or along Dodd Road and Smith Avenue. There are also several restaurants located nearby such as Applebee's Neighborhood Grill + Bar and Red Lobster.
All things considered, West St. Paul offers an affordable cost of living when compared to other locations across the country as well as access to a variety of local businesses that make it an ideal place to live or visit whether you need groceries or just want to enjoy a night out on the town!

West St. Paul (zip 55118) has an unemployment rate of 4.1%. The US average is 6.0%.

West St. Paul (zip 55118) has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.

Tax Rates for West St. Paul (zip 55118)
- The Sales Tax Rate for West St. Paul (zip 55118) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for West St. Paul (zip 55118) 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 West St. Paul (zip 55118)
- The average income of a West St. Paul (zip 55118) resident is $46,945 a year. The US average is $37,638 a year.
- The Median household income of a West St. Paul (zip 55118) resident is $72,938 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWest St. Paul, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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