Mostly a "locals" base, but there are still a fair number of commuters.
If you commute, know that the airport can get balled up, and holding on blue sky days wasn't uncommon before COVID. X10 in winter when they're plowing. That said, not a bad place to commute to if you live in the central time zone. As you get farther south, the long block time and the time zone change becomes a PITA. Commuting from the SE can be a challenge, but you see lots doing it from DFW, OMA, MCI and DEN, plus various places in SD/ND/WI.
If you are going to live in MSP, good people, but know that it is a really, really expensive town. Rents are very high compared to other places, and housing prices were nuts before the recent run-up everywhere else. Between Feds and State, you're looking at close to 50% tax. They are very, very aggressive about collecting taxes, so if you have a plan, make sure it's air tight.
Lots of folks live just over the border in Hudson, Wisconsin.
Traffic to the airport can be bad around rush hour, but otherwise generally not an issue. Depends on which direction you're coming from. When I lived there, 494 came to a dead halt around 4:30p to 6p, so you had to plan around that.