ZIP Code 55331

ZIP code 55331, centered on Carver, ranks among Minnesota's more affluent areas, with a median household income of $159,450 and per-capita income of $101,331. Homes here carry a median value of $737,000, and the county-level effective property tax rate of 1.14% means owners of such properties owe a substantial annual sum. A combined sales tax rate of 9.03% adds to the cost of everyday purchases. High earnings and pricey housing define this ZIP, and the tax obligations attached to both property and spending are correspondingly steep.