ZIP Code 55011

ZIP code 55011, near Minneapolis, ranks among the more affluent areas in the region, with a median household income of $121,434 and per-capita income of $47,106. Homes here carry a median value of $405,300, and the county-level property tax rate of 0.94% applies to that valuation. Shoppers pay a combined 8.12% sales tax on purchases. High earnings paired with above-average home values mean property taxes claim a meaningful dollar amount each year, even though the rate itself stays below one percent. The sales tax adds cost to everyday spending, though strong incomes help offset that expense.