ZIP Code 55404

In ZIP code 55404, within Minneapolis, households earn a median of $41,940, while per-capita income reaches $28,991. A median home value of $291,600 carries a county-level effective property tax rate of 1.14%, which works out to roughly $3,324 annually for a home at that value. Sales taxes add 9.03% to most purchases, a cost that accumulates with everyday spending. Together, these figures sketch a picture in which housing taxes and consumption taxes both draw on incomes that sit below the metro-wide midpoint, shaping how far each dollar stretches for local households.