Minneapolis, Minnesota is a big city with a population of 404,670 people. Minneapolis has a population density of 7,494 people per square mile. This would be considered well above the national population density level. Minneapolis could be a great place for young adults and students as the average age of 32 years old is below the nation’s average.
Living in Minneapolis can be a positive experience for anyone relocating to the city. Having said that, in the state of Minnesota, there are many amazing places to live, so choose wisely! Finding the best places to live in Minneapolis and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, weather, education and other important metrics.
The livability score in Minneapolis is 62/100 and the city is ranked in the 26th percentile of all cities across America. If we take a closer look at each of the categories on their own, we see that Minneapolis ranks well for amenities (A+) and housing (B+). Minneapolis does not fare well for the following: crime (F), cost of living (D-), weather (F) and education (F). It might be a smart idea to take a closer look at each category to find out why.
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Minneapolis has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive. Here are some of the more popular things to do in Minneapolis: Target Field, Minneapolis Sculpture Garden, and Minneapolis Institute of Arts.
The Minneapolis unemployment rate (1.06%) has continued to decrease over the years and is now well below the national average. Finding a new job in the area might just be easier than you thought!
Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Minneapolis has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Being close to public transportation, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Minneapolis. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Minneapolis are affordable. Median real estate prices in Minneapolis come in at $212,800, which is 11.1% higher than the Minnesota average. The home price to income ratio compares the median home prices to the median household income. In Minneapolis, the home price to income ratio is 4, which is 33.3% higher than the Minnesota average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Minneapolis will offer some insight into determining if your home purchase will be a solid investment for years to come. In Minneapolis, the year-over-year appreciation rates were 7.1%, and the 5 year appreciation rates came in at 8.3%.
|Waite Park, Minneapolis||83||4.7||5,394|
|West Calhoun, Minneapolis||83||2.8||1,400|
|Diamond Lake, Minneapolis||80||4.6||5,735|