ZIP Code 55418

Minneapolis, MN — income, home value, property tax, and sales tax.

Median household income
$99,397
Per-capita income
$57,144
Median home value
$392,900
Property tax rate
1.14%
Combined sales tax
9.03%

In ZIP code 55418, near Minneapolis, households earn a median of $99,397, with per-capita income at $57,144. A median home value of $348,700 pairs with a county property tax rate of 1.14%, which works out to meaningful annual costs folded into housing expenses. Add a combined sales tax of 9.03%, and everyday purchases carry a noticeable premium. Together these figures shape how far a paycheck stretches: housing and property taxes claim a substantial share, while the sales tax trims spending power on goods and services. The income level supports these costs, though the overall tax picture leaves a clear imprint on what households keep.

See how Minneapolis, MN taxes stack up

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