ZIP Code 55347

ZIP code 55347, near Minneapolis, ranks among the wealthier areas in the region, with a median household income of $155,430 and per-capita income of $81,578. Homes here carry a median value of $499,500, and the county-level effective property tax rate of 1.14% means property taxes take a meaningful share of ownership costs. Add a combined sales tax rate of 9.03%, and everyday purchases also carry a noticeable premium. Households in this ZIP generally have the income to absorb those costs, though the tax load still shapes what owning a half-million-dollar home here actually requires.