Minneapolis, MN — income, home value, property tax, and sales tax.
In ZIP code 55420, near Minneapolis, households earn a median of $82,170, with per-capita income at $42,049. A median home value of $328,400 pairs with a county property tax rate of 1.14%, which works out to roughly $3,744 in annual property taxes on that median home. Sales tax combines to 9.03% across the area. Together, these figures sketch the financial shape of the ZIP: solid earnings against a mid-range housing market, with ongoing costs split between a property tax bill tied to ownership and a sales tax applied to everyday purchases.
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