ZIP Code 55356

Households in ZIP code 55356, near Minneapolis, report a median income of $156,622, with per-capita income at $136,506. Median home values sit at $707,800, and the county-level effective property tax rate of 1.14% means owners pay roughly $8,069 annually on a home at that median value. Sales tax in the area combines to 8.53%, so everyday purchases carry a noticeable premium. High earnings here offset both tax loads, though the property tax bill tied to a $707,800 home remains a substantial recurring cost alongside the sales tax added at checkout.