Minneapolis, MN 55407 has a population of approximately 40,923 and experiences a population change rate of 8.04%. The population density is 10,127 / sq mi .
Minneapolis, MN 55407 has a population of approximately 40,923 and experiences a population change rate of 8.04%. The population density is 10,127 / sq mi .
The median household income for Minneapolis, MN 55407 is $70,125, with 14,981 households and an average household size of 2.57.
The median value of a home in Minneapolis, MN 55407 is $293,200 with an appreciation rate of 7.10%. 58.21% of housing in the state is owned while 36.96% is rented.
The cost of living in Minneapolis, MN 55407 is 114.9 %.
The unemployment rate in Minneapolis, MN 55407 is 2.50%, and recent job growth is at 0.59%. Future job growth is projected at 32.19%.
The sales tax rate in Minneapolis, MN 55407 is 8.03%, while the income tax rate is 6.80% .
School expenditures in Minneapolis, MN 55407 are $19,300, and the school ratio is 16.1:1.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 7 degrees. The average rainfall is approximately 31.8 inches per year, with 52.6 inches of snow per year.