ZIP Code 55416

In ZIP code 55416, near Minneapolis, households report a median income of $105,958, with per-capita income at $74,220. A median home value of $461,500 pairs with a county property tax rate of 1.14%, so owners can expect a meaningful annual bill tied to that valuation. Sales tax across the area totals 9.03%, which adds to everyday purchases. Together, these figures sketch a higher-income, higher-cost pocket of the metro, where strong earnings offset steep housing prices and the combined tax load on both property and spending.