Small City50,010 people

St. Louis Park, MN

Discover how far your salary goes in St. Louis Park. Compare taxes, rent, and living costs.

Cost Index
127
📈 Above Average
Population

50,010

State Tax

9.8%

1BR Rent

$1,540

/month

vs National

+10%

above avg

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Rent Prices in St. Louis Park

🏠

Studio

$1,232

/month

$14,784/year

Most Common
🛏️

1 Bedroom

$1,540

/month

$18,480/year

🏡

2 Bedroom

$2,079

/month

$24,948/year

🏘️

3 Bedroom

$2,695

/month

$32,340/year

Taxes in Minnesota

State Income Tax

Minnesota

9.8%

For a $100k salary, that's ~$9,850/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in St. Louis Park, MN?

St. Louis Park has a cost of living index of 127, which is 27% above the national average. A 1-bedroom apartment costs around $1,540/month.

What is the state income tax in Minnesota?

Minnesota has a state income tax rate of approximately 9.8%. This is in addition to federal income tax.

How much is rent in St. Louis Park?

The median rent for a 1-bedroom apartment in St. Louis Park is $1,540/month. For a 2-bedroom, expect to pay around $2,079/month. This is 10% above the national average.

Is St. Louis Park a good place to live?

St. Louis Park is a small city with a population of 50,010. The cost of living is above average, making it more expensive than average for the US.

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