ZIP Code 55415

ZIP code 55415 sits in Minneapolis, where a median household income of $124,921 and per-capita income of $88,173 place it firmly in affluent territory. Homes here carry a median value of $625,500, and the county-level property tax rate of 1.14% applies against that higher valuation. Shoppers and diners also face a combined sales tax of 9.03%. Taken together, the tax structure scales with the area's prosperity: property levies draw on substantial home equity, while the sales rate adds cost to everyday purchases. Households here generally have the earnings to absorb both, though the overall tax load remains tied to the region's elevated costs.