ZIP Code 55402

In ZIP code 55402, within Minneapolis, households bring in a median of $62,105, while per-capita income reaches $58,388 — a gap hinting at smaller household sizes or a mix of singles and couples. That earnings level shapes how far each dollar stretches: property taxes run 1.14% of value at the county level, and purchases carry a combined 9.03% sales tax. Together these rates trim what a paycheck can cover, especially on everyday spending. Renters and owners alike feel the sales tax at checkout, while owners absorb the property levy annually.