Minneapolis, MN is a city with an estimated population of 431,345. The median 2 bedroom rent in Minneapolis is $1,410, which is slightly lower than the US average of $1,430. The Grocery Cost Index in Minneapolis is 101 versus 100 in the US. Minneapolis has a large variety of local companies such as Target Corporation, U.S. Bancorp, Surly Brewing Co., and General Mills Inc. It also has deep roots in the music industry with popular venues like First Avenue and 7th St Entry for local artists to play their shows. Additionally there are many cultural attractions such as the Walker Art Center and Minneapolis Institute of Arts for visitors to explore the city's vibrant art scene.
Minneapolis (zip 55403) has an unemployment rate of 4.5%. The US average is 6.0%.
Minneapolis (zip 55403) 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 55403)
- The Sales Tax Rate for Minneapolis (zip 55403) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Minneapolis (zip 55403) is 7.1%. The US average is 4.6%.
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Income and Salaries for Minneapolis (zip 55403)
- The average income of a Minneapolis (zip 55403) resident is $61,550 a year. The US average is $37,638 a year.
- The Median household income of a Minneapolis (zip 55403) resident is $55,520 a year. The US average is $69,021 a year.