Minneapolis, MN — income, home value, property tax, and sales tax.
Households in ZIP code 55346, near Minneapolis, earn a median of $135,000, with per-capita income at $61,013. That earning power shapes how taxes land on the budget. A median home value of $480,100 pairs with a 1.14% county property tax rate, which works out to roughly $5,473 a year in property taxes. Day-to-day purchases carry an 8.53% combined sales tax. With income well above the per-capita figure, many households here have room to absorb both, though the property tax bill still claims a meaningful share of annual earnings for owners.
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