Minneapolis, MN — income, home value, property tax, and sales tax.
In ZIP code 55364, near Minneapolis, households earn a median of $108,725, with per-capita income at $80,922. Homes here carry a median value of $459,400, and the county-level effective property tax rate of 1.14% applies to that valuation. Sales taxes add 8.53% to purchases made in the area. Together, these figures sketch a community where earnings run high enough to support substantial home values, while ongoing costs come through two channels: an annual property tax tied to what a house is worth, and a sales tax applied at the register on everyday spending.
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