ZIP Code 55110

Households in ZIP code 55110, near Minneapolis, bring in a median of $101,296 a year, with per-capita income at $55,595. That earnings level shapes how housing and taxes fit into a budget. A median home value of $360,500 carries an effective county property tax rate of 1.21%, and the combined sales tax rate is 8.38%. Together these costs draw on take-home pay in different ways: the property tax shows up in annual ownership expenses, while sales tax applies to everyday purchases. With incomes above the national midpoint, many households here can absorb both without straining, though the figures still matter when planning a purchase or refinance.