Minneapolis has the 47th largest population in the United States. The population grew by 7.4% from 2010 to 2015, which was faster than the national average. Unemployment in the Minneapolis area is 3%, which is lower than the national average, and is getting better. Minneapolis has the 14th largest local economy in the US, and a high cost of living. The average pay for jobs in Minneapolis is above average at $53,450, and the median cost of a home in Minneapolis is $205,200, which is above the national average. 47% of workers in Minneapolis hold a bachelors degree or higher (above average), and 89% of workers have a high school degree (above average). Driving to work is especially common in Minneapolis. 73% of Minneapolis workers drive to work alone, 7% take public transit, 8% carpool, and 10% walk. People in Minneapolis spend an average of 22 minutes commuting to work, which is shorter than the national average of 26 minutes.