ZIP Code 55038

Households in ZIP code 55038, near Minneapolis, bring in a median of $130,931 a year, with per-capita income at $58,634. That kind of earning power shapes how housing and taxes land in the budget. A median home value of $422,800 carries an effective county property tax rate of 0.99%, so the annual tax bill stays proportional to a fairly high-value home. Add the combined 8.12% sales tax on everyday purchases, and the overall picture is one of strong incomes absorbing costs that scale with spending and property value rather than squeezing out savings.