Minneapolis, MN — income, home value, property tax, and sales tax.
Households in ZIP code 55330, near Minneapolis, bring in a median of $115,761 a year, while per-capita income sits at $49,633. A median home there is valued at $382,600, and the county-level property tax rate of 0.98% works out to roughly $3,750 annually on that value. Add the 7.88% combined sales tax on purchases, and everyday spending carries a bit more weight. Even so, earnings at this level can absorb both obligations while still covering housing, savings, and daily costs.
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