ZIP Code 55311

ZIP code 55311, near Minneapolis, ranks among the more affluent areas in the region, with a median household income of $153,568 and per-capita income of $69,673. Homes here carry a median value of $487,300, and the county-level effective property tax rate of 1.14% applies to that valuation. Sales tax within this ZIP combines to 9.03%, a rate shoppers encounter on everyday purchases. Together these figures place 55311 in upper-income territory, where higher earnings and elevated home values translate into a correspondingly larger tax obligation at both the property and point-of-sale levels.