Minneapolis, MN — income, home value, property tax, and sales tax.
ZIP code 55327, near Minneapolis, ranks among the more affluent areas, with a median household income of $140,366 and per-capita income of $70,148. Homes here carry a median value of $492,400, and the county-level effective property tax rate of 1.14% applies to that valuation. A combined sales tax rate of 7.28% adds to the cost of everyday purchases. Together these figures point to a well-off community where high earnings support substantial home values, though owners still absorb a property tax bill tied to the county rate.
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