ZIP Code 55316

Households in ZIP code 55316, near Minneapolis, report a median income of $116,102, with per-capita income at $49,956. A median home value of $358,700 pairs with a county effective property tax rate of 1.14%, which works out to roughly $4,089 a year in property taxes on that median home. Sales taxes combine to 9.03% at checkout. Together these figures sketch the financial terrain: solid earning power alongside meaningful housing costs and two separate tax streams, one tied to owning a home and one collected on purchases throughout the year.