Salary & Cost of Living in St. Louis Park, MN
St. Louis Park, MN: $67,865 median salary, cost of living index 100.4, $10.85/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$67,865
$33/hr
Cost of Living
100.4
US avg = 100
Minimum Wage
$10.85
per hour
Unemployment
2.3%
rate
St. Louis Park, MN Overview
Population
50,010
Median Salary
$67,865
Average Salary
$76,009
Avg Commute
17 min
Median Home Price
$306,000
Median Rent
$1,249/mo
Job Growth
+1%
Sales Tax
6.875%
St. Louis Park is located in Minnesota with a population of 50,010. The median household salary is $67,865 per year ($33/hour), which is $8,481 above the national median of $59,384. The average commute time is 17 minutes, and the city has a job growth rate of +1%.
St. Louis Park Salary by Experience Level (2026)
Wage distribution in St. Louis Park, MN based on BLS percentile breakdown of the $67,865 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $42,076 | $20.23/hr | 0–2 years |
| Mid-Level (Median) | $67,865 | $32.63/hr | 3–7 years |
| Senior-Level | $96,368 | $46.33/hr | 8–15 years |
| Top 10% (90th Percentile) | $120,800 | $58.08/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
St. Louis Park Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in St. Louis Park, MN, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$50,802
$4,233.47/month · $1,953.91/biweekly · Effective Rate: 25.1%
Gross Pay
$67,865
Federal Tax
-$6,544
State Tax
-$5,327
Local Tax
$0
FICA
-$5,192
Net Pay
$50,802
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,655.42 | $67,865.00 |
| Federal Income Tax | -$545.36 | -$6,544.30 |
| Minnesota State Tax (7.85%) | -$443.95 | -$5,327.40 |
| Social Security (6.2%) | -$350.64 | -$4,207.63 |
| Medicare (1.45%) | -$82.00 | -$984.04 |
| Net Take-Home Pay | $4,233.47 | $50,801.63 |
Salary Comparison: St. Louis Park vs Other Cities
See how St. Louis Park's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| St. Louis Park, MN | $67,865 | 100.4 | $67,595 |
| National Average | $59,384 | 100 | $59,384 |
| Aspen Hill, MD | $67,873 | 113.6 | $59,747 |
| Old Bridge, NJ | $67,907 | 120.5 | $56,354 |
| Graham, WA | $67,907 | 104.6 | $64,921 |
| La Mirada, CA | $67,945 | 151.3 | $44,907 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in St. Louis Park
St. Louis Park's cost of living index is 100.4 (national average = 100). Living in St. Louis Park is 0.4000000000000057% more expensive than the national average.
Median Home Price
$306,000
Median Monthly Rent
$1,249
Annual Rent Cost
$14,988
Your Salary's Purchasing Power
Your $50,802 annual take-home pay in St. Louis Park has the purchasing power of approximately $50,599 in an average-cost US area. You would need to earn $68,136 in St. Louis Park to match a $67,865 salary in an average-cost city.
Top Industries in St. Louis Park
St. Louis Park's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $67,865.
Salary Tips for St. Louis Park Workers
- Maximize pre-tax deductions. With a 7.85% state income tax rate, maximizing 401(k) contributions (up to $24,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. St. Louis Park's top industries include Healthcare, Finance, Manufacturing. Targeting roles in these sectors can help you earn above the $67,865 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Methodology & Local Economy Data Sources
How we calculate St. Louis Park salary data: Our citywide compensation figures aggregate occupation-specific salary data from BLS Occupational Employment and Wage Statistics for the St. Louis Park-MN metropolitan statistical area (MSA), weighted by local employment counts. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with St. Louis Park indexed at 100.4.
- Median salary calculation: weighted average of St. Louis Park's occupation-specific medians from BLS OEWS, adjusted for local cost of living. Net result: $67,865 annual median.
- Tax burden reflects Minnesota state income tax (7.85%) (no local income tax), sales tax (6.875%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for St. Louis Park: 2.3%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Healthcare, Finance, Manufacturing — based on QCEW employment concentration data.
- Job growth: 1% projected through 2034, derived from BLS Employment Projections program for Minnesota.
- Housing context: median home price $306,000, median rent $1,249/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for St. Louis Park, MN:
- BLS Occupational Employment and Wage Statistics (OEWS) — metropolitan area salary data
- BLS Local Area Unemployment Statistics — St. Louis Park unemployment rate
- U.S. Census Bureau — St. Louis Park QuickFacts — population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW) — county-level industry employment
- BLS Economy at a Glance — Minnesota — state economic indicators
- U.S. Bureau of Economic Analysis (BEA) — local GDP and personal income data
- BLS Consumer Price Index (CPI-U) — regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. St. Louis Park's rapidly changing economy can shift these baselines — always verify with current job listings, employer offers, and recent Minnesota labor market reports for the most current figures.
Reviewed by Brazora Monk· Last updated 2026 · BLS & Census data current as of latest releases
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Frequently Asked Questions
What is the median salary in St. Louis Park, MN?
The median salary in St. Louis Park, MN is $67,865 per year, or $33 per hour. The average salary is $76,009. This is $8,481 above the national median of $59,384.
What is the cost of living in St. Louis Park, MN?
St. Louis Park's cost of living index is 100.4 (national average = 100), meaning it is 0.4000000000000057% more expensive compared to the national average. The median home price is $306,000 and the median monthly rent is $1,249.
What are the best industries in St. Louis Park?
The top industries in St. Louis Park, MN include Healthcare, Finance, Manufacturing. The city has a job growth rate of 1% and an unemployment rate of 2.3%. Workers in these industries often earn above the city's median salary of $67,865.
How does St. Louis Park's salary compare to other cities?
St. Louis Park's median salary of $67,865 is 14.3% above the national median of $59,384. However, when adjusted for cost of living (index: 100.4), the real purchasing power is approximately $67,595.
What is the minimum wage in St. Louis Park, MN?
The minimum wage in St. Louis Park, MN is $10.85 per hour. This equals approximately $22,568 per year for a full-time worker (40 hours/week). This is $3.60 above the federal minimum wage of $7.25/hour.