Minneapolis, MN 55401 has an average two bedroom rent of $2,120, which is higher than the US average of $1,430. The Grocery Cost Index in Minneapolis is 103 versus the US average of 100. This indicates that Minneapolis has a slightly higher cost of living compared to other cities in the United States. The city is home to several large companies such as Target Corporation, Best Buy Co., UnitedHealth Group Inc., Hennepin County Medical Center and Thrivent Financial for Lutherans. Moreover, many small businesses such as Kieran鈥檚 Kitchen and Sunrise Banks have also made their mark in Minneapolis. With its attractive job market and affordable housing options, Minneapolis continues to be a great place to live and work.
Minneapolis (zip 55401) has an unemployment rate of 4.5%. The US average is 6.0%.
Minneapolis (zip 55401) has seen the job market decrease by -3.6% 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 Minneapolis (zip 55401)
- The Sales Tax Rate for Minneapolis (zip 55401) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Minneapolis (zip 55401) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Minneapolis (zip 55401)
- The average income of a Minneapolis (zip 55401) resident is $104,483 a year. The US average is $37,638 a year.
- The Median household income of a Minneapolis (zip 55401) resident is $106,756 a year. The US average is $69,021 a year.