ZIP Code 55126

In ZIP 55126, near Minneapolis, households bring in a median of $108,217 a year, with per-capita income at $61,154. That earnings level shapes how housing and taxes fit into the budget. A median home value of $384,900 carries an effective county property tax rate of 1.21%, a recurring cost tied directly to ownership. Day-to-day spending also includes an 8.88% combined sales tax, which applies to most purchases. Together these figures sketch a community where incomes are high enough to absorb both the property tax bill and the sales tax on everyday goods, though housing remains the largest single line item.