Minneapolis is a large city in Minnesota with a population of approximately 411,000. Young professionals account for a larger portion of the population here (22%) than nationally (15%), making it a great place to set out on your own, while retirees are less well-represented. At an average age of just under 35, the city's residents are notably younger than most cities in Minnesota. By a narrow 53%-47% margin, renters are slightly more common than homeowners in Minneapolis. The average rent of $1,020 per month is roughly equal to the state average.
Minneapolis has a high percentage of residents older than 25 who have advanced degrees compared to the national average (7%), as 10% possess a Master's degree or a Doctoral degree. Further, 20% have earned a Bachelor's degree, which also outpaces the national average. There are five primary industries in Minneapolis: healthcare, entertainment, education, retail, and scientific. Combined, these industries make up 36% of the labor force in the city. Meanwhile, in terms of job function, many workers in these industries are in management, which ranks as the top field in the city. Minneapolis workers bring in an average annual income of around $74,000, slightly less than the state average. Minneapolis's average income, however, is fairly average compared to the national level of $73,345.
Minneapolis residents have an average commute of about 25 minutes. Many residents (39%) drive to work, while public transportation is used by only 8% of the city. Walking (4%) isn't a common way to get to work, though the number is greater than the national average.