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Minneapolis has a population of approximately 425,091 and experiences a population change rate of 11.10%. The population density is 7,871.9 / sq mi .
The median household income for Minneapolis is $70,099, with 182,419 households and an average household size of 2.24.
The median value of a home in Minneapolis is $294,200 with an appreciation rate of 7.10%. 45.07% of housing in the state is owned while 48.70% is rented.
The cost of living in Minneapolis is 116.4 %.
The unemployment rate in Minneapolis 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 is 8.03%, while the income tax rate is 6.80% .
School expenditures in Minneapolis 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 7.1 degrees. The average rainfall is approximately 31.9 inches per year, with 52.4 inches of snow per year.
