ZIP Code 55359

ZIP code 55359, near Minneapolis, ranks among the more affluent areas in the region, with a median household income of $129,250 and per-capita income of $67,676. Homes here carry a median value of $537,300, and the county-level property tax rate of 1.14% translates into a substantial annual bill on that value. Add an 8.53% combined sales tax rate, and the overall cost of living reflects the area's higher-income profile. Households here generally have the earnings to absorb those taxes, though the property tax load tied to higher home values remains a meaningful ongoing expense.