ZIP Code 55406

In ZIP code 55406, on Minneapolis's south side, households bring in a median of $93,910 a year, with per-capita income at $54,006. A median home value of $354,100 pairs with a county property tax rate of 1.14%, which works out to roughly $4,000 in annual property taxes. Add the 9.03% combined sales tax on everyday purchases, and housing plus consumption costs take a real bite out of earnings. Even so, income levels here sit well above many parts of the metro, giving households meaningful flexibility after taxes and mortgage payments are accounted for.