Minneapolis, MN — income, home value, property tax, and sales tax.
ZIP code 55391, near Minneapolis, ranks among the wealthier areas in the region, with a median household income of $174,301 and per-capita income of $121,153. Homes here carry a median value of $923,400, and the county-level effective property tax rate of 1.14% translates into a substantial annual bill on that value. A combined sales tax rate of 8.53% adds to the cost of everyday purchases. High earning power and expensive housing define this ZIP, and the tax load that accompanies both is considerable.
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