Minneapolis, MN — income, home value, property tax, and sales tax.
In ZIP code 55340, near Minneapolis, households earn a median of $178,553, with per-capita income at $81,439. Homes here are valued at a median of $639,100, and the county-level property tax rate of 1.14% means owners pay roughly $7,286 annually on such a home. Sales tax adds 9.03% to purchases. Together, these figures sketch a high-income area where housing costs and property taxes are substantial, while everyday spending carries one of the higher combined sales tax rates.
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