Minneapolis, MN — income, home value, property tax, and sales tax.
In ZIP code 55384, near Minneapolis, households earn a median of $48,315, while per-capita income reaches $57,369. Homes here carry a median value of $661,600, and the county-level property tax rate of 1.14% translates into a substantial annual bill on that value. Sales tax adds 8.53% to purchases. Together, these figures sketch a place where property values run high against median household earnings, so housing costs and taxes claim a meaningful share of income for many who live here.
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