St. Louis Park city, MN

ZIP 55416 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Income, employment, industries, and economic trends

Income & Economy in St. Louis Park city, MN (55416)

Median Income

$105,926

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+2,478

Wealth inflow

Population

34,905

Unemployment

2.9%

0.8pp below US avg

IRS migration statistics show a net inflow of about 2,478 for ZIP 55416 (St. Louis Park city, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

2.9%-22% vs US avg

Self-Employed

1.6%-73% vs US avg

SNAP Benefits

2.1%-82% vs US avg

1,559

Establishments

37,530

Employees

~24 per establishment — mix of small and larger employers

Healthcare

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.3%
Construction2.9%
Manufacturing11.8%
Wholesale trade3.5%
Retail trade9.3%
Transportation, utilities4.2%
Information1.9%
Finance, insurance, real estate11.0%
Professional, scientific, management18.4%
Education, health care, social26.4%
Arts, entertainment, food services4.5%
Other services3.2%
Public administration2.5%

Household Income

Historical Trends in 55416 (2020–Present)

Since 2020, population grew 5.9%, median income fell 3.4% (inflation-adjusted), home values increased 2.5%.

Median Income

$105,926

+41% vs US avg

Unemployment Rate