Minneapolis, Minnesota
Minneapolis MN Community Profile
Garage Doors Plus is proud to be serving the good people of
Minneapolis Minnesota. We thought you might like to know a bit more about this interesting and vibrant community.
History of Minneapolis
The city of Minneapolis grew around Saint Anthony Falls, which is also the highest waterfall on the Mississippi River. At the time, lumber was the prime industry and 17 sawmills were operated around the area. The residents used hydropower to great effect. In between 1880 to 1930 it was described as the greatest direct-drive waterpower the world has ever known. Grain from the Great Plains was transported to the city’s 34 flour mills and by 1905 it produced 10% of the country’s flour. While the city had humble beginnings, it eventually evolved into a prime area for the flour industry and later flourished to become a business and transportation center.
Demographics
| Statistic |
Minneapolis |
Minnesota |
National |
| Population |
394,424 |
5,383,661 |
314,107,084 |
| Population density (sq mi) |
7,303 |
67 |
91 |
| Median age |
31.7 |
37.6 |
37.4 |
| Male/Female ratio |
1.0:1 |
1.0:1 |
1.0:1 |
| Married (15yrs & older) |
37% |
58% |
55% |
| Speak English |
80% |
89% |
79% |
| Speak Spanish |
8% |
4% |
13% |
- The average age is 16% lower than Minnesota
- 36% is Caucasian
- 85% is African-American
- 85% is Asian
Cost of Living
| Index |
Minneapolis |
Minnesota |
National |
| Cost of living index |
106 |
102 |
100 |
| Index |
Minneapolis |
Minnesota |
National |
| Goods & Services index |
108 |
106 |
100 |
| Groceries index |
106 |
105 |
100 |
| Health care index |
106 |
110 |
100 |
| Housing index |
110 |
101 |
100 |
| Transportation index |
101 |
98 |
100 |
| Utilities index |
96 |
91 |
100 |
- Cost of living is 4% higher than the state average
- Cost of living is 6% higher than the national average
- Cost of housing is 10% higher than the national average
Goods & Services
| Item |
Minneapolis |
National avg. |
Difference |
| Haircut |
$24.24 |
$15.56 |
55.8% |
| Beauty Salon |
$34.24 |
$36.11 |
5.2% |
| Toothpaste |
$3.32 |
$2.47 |
34.4% |
| Shampoo |
$1.04 |
$0.96 |
7.4% |
| Movie |
$9.88 |
$10.13 |
2.4% |
| Bowling |
$4.12 |
$4.74 |
13.1% |
Groceries
| Item |
Minneapolis |
National avg. |
Difference |
| Ground Beef |
$4.14 |
$3.98 |
4.0% |
| Fried Chicken |
$2.00 |
$1.41 |
42.1% |
| Milk |
$2.23 |
$2.06 |
8.1% |
| Potatoes |
$3.30 |
$2.98 |
10.5% |
| Pizza |
$10.53 |
$9.47 |
11.1% |
| Beer |
$8.81 |
$8.79 |
0.2% |
Health Care
| Item |
Minneapolis |
National avg. |
Difference |
| Optometrist |
$81.38 |
$101.04 |
19.5% |
| Doctor |
$133.98 |
$107.44 |
24.7% |
| Dentist |
$85.91 |
$90.42 |
5.0% |
| Ibuprofen |
$11.82 |
$9.28 |
27.4% |
| Lipitor |
$416.78 |
$426.50 |
2.3% |
Median Income & Debt-To-Income Ratio
| Median Income |
Per Year |
Per Month |
Max Budget (28% DTI) |
Max Budget (36% DTI) |
| Owners |
$80,527 |
$6,711 |
$1,879 |
$2,416 |
| Renters |
$30,689 |
$2,557 |
$716 |
$921 |
If you want to find a good determining factor for the cost of living and the general affordability of housing in Minneapolis, MN, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Minneapolis, MN, the median monthly income is $80,527 for those who own their own homes. Under the standard rule, that income level would allow for $1,879 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $30,689, per the median income in the area. That would allow for renters to spend up to $716 on monthly rental expenses.
Schools
The Minneapolis Public School system administers to the educational needs of the city’s residents. There are 100 public schools, 45 of which are elementary schools, 7 of which are middle schools and lastly there are 7 High schools. There are also 8 special education schools as well as eight alternative schools. The University of Minnesota is located here.
Places of Worship
There are many places of worship in the city for different faiths. Based on data from the Pew Research Center, 70% are identified as Christians and 46% attend different churches with 21% belonging to the Roman Catholic faith. Around 5% are practicing Judaism, Islam and Hinduism.
Some of the city’s churches are:
- Apostolic Faith Church
- Aldersgate United Methodist
- Aldrich Avenue Presbyterian Church
- Andrew-Riverside Presbyterian church
- Bethesda Baptist Church
- Bethlehem Baptist Church
- Bloomington Church of God
Businesses
There are 5 Fortune 500 Companies that call Minneapolis home.
These are:
- Target
- US Bancorp
- Xcel Energy
- Ameriprise Financial
- Thrivent Financial
Some of the biggest employers in the city are:
- Target
- Wells Fargo
- HCMC
- Hennepin County
- Ameriprise
- US Bancorp
- Xcel Energy
- City of Minneapolis
- RBC Wealth Management
The economy of this vibrant metropolis largely rests on commerce, health care, finance, rail and trucking services. The city is also known for publishing, graphic arts, education and food processing.
Restaurants & Nightlife
Capital Grille Restaurant – Great place to enjoy steaks. Service is impeccable and the ambience is perfect for a romantic dinner for two. Do check out the 24 ounce porterhouse along with the sweet corn soup with crème fraiche as well as the French onion soups.
Pizzeria Lola Restaurant – This is a nice little neighborhood style restaurant. They offer fire roasted pizzas with fresh and unique ingredients. Be prepared to wait as there are lots of people always eating.
Bar La Grassa Restaurant – Features a casual but sophisticated vibe. They offer terrific Italian food I an upscale trendy setting. Do check out the arancini with duck ragout as well as the fresh pasta with rabbit.
Fun Things to Do in Minneapolis
The city is a melting pot of culture, entertainment, sports and recreation.
Walker Arts Center – considered as one of the 5 biggest modern art museums in the country.
Minneapolis Institute of Art – is the biggest art museum featuring over 100,000 pieces for their permanent collection.
Theaters – is second to NYC in terms of live theater per capita and the 3
rd biggest theater market in the country.
- Pence Opera House
- Grand Opera House
- Academy of Music
Activities for Seniors
Minneapolis offers a plethora of senior related activities tailor made to provide entertainment, health and social interaction. There are also many senior centers around the city to cater to the thousands of seniors living in Minneapolis.
Some of the events and activities seniors can participate include:
- Social activities
- Creative arts
- Cultural events and outings
- Fitness classes
- Card games
- Movie and book clubs
Minneapolis MN truly is a great place. If you’d like to know more about our
garage door repair services in Minneapolis, give us a call. We can’t wait to meet you.
Minneapolis on the Map
