Minneapolis, MN — income, home value, property tax, and sales tax.
ZIP code 55411, on Minneapolis's north side, sits squarely in middle-income territory: a median household income of $60,225 and per-capita income of $28,612 place it below the metro average but well above poverty. Housing runs $245,400 at the median, and the county's 1.14% effective property tax rate translates to roughly $2,800 annually on such a home. Add Minneapolis's 9.03% combined sales tax, and everyday purchases carry a noticeable premium. This is a working- to middle-income community where property taxes stay tied to modest home values, but the sales tax rate takes a steady bite out of each dollar spent locally.
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