The city of Minnetonka, Minnesota (zip code 55391) is a thriving suburb of the Twin Cities. With an abundance of local businesses, it is an attractive destination for those hoping to live near Minneapolis and St. Paul without being in the hustle and bustle of the downtown areas. Within Minnetonka, two-bedroom rental prices are $1,850 per month while grocery products are more than 9% higher than the national average. Notable companies based in Minnetonka include Cargill Incorporated, TCF Financial Corporation, United Healthcare Group, Digital River Inc., and Great River Energy. The cost of living here is slightly higher than the national average but with such a diverse job market and plenty of retail options nearby it's easy to see why this city appeals to many people.
Minnetonka (zip 55391) has an unemployment rate of 3.3%. The US average is 6.0%.
Minnetonka (zip 55391) 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 38.4%, which is higher than the US average of 33.5%.
Tax Rates for Minnetonka (zip 55391)
- The Sales Tax Rate for Minnetonka (zip 55391) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Minnetonka (zip 55391) 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 Minnetonka (zip 55391)
- The average income of a Minnetonka (zip 55391) resident is $102,151 a year. The US average is $37,638 a year.
- The Median household income of a Minnetonka (zip 55391) resident is $131,068 a year. The US average is $69,021 a year.