ZIP Code 55357

Homes in ZIP code 55357, near Minneapolis, carry a median value of $530,200, and the county's 1.14% effective property tax rate translates into roughly $6,044 a year in taxes on a home at that price. Households here earn a median of $152,500, with per-capita income at $69,280, so that tax bill absorbs about 4% of a typical household's annual earnings. Combined with an 8.53% sales tax rate, the overall cost of living leans on higher earners, but the income base is strong enough to keep property taxes from dominating the budget.