ZIP Code 55407

ZIP code 55407, in Minneapolis, sits in middle-income territory, with a median household income of $78,464 and per-capita income of $40,979. Homes here carry a median value of $335,400, and the county-level effective property tax rate of 1.14% applies against that value. Shoppers pay a combined 9.03% sales tax on purchases. Taken together, the figures describe a community where earnings land near the middle of the scale while housing costs and consumption taxes claim a meaningful share of household budgets.