Minneapolis, MN — income, home value, property tax, and sales tax.
In ZIP code 55422, near Minneapolis, households earn a median of $93,914, with per-capita income at $55,989. That earnings level shapes how far a paycheck stretches once taxes and housing enter the picture. The median home value sits at $325,900, and the county-level effective property tax rate of 1.14% applies against that value. Everyday purchases carry a combined sales tax rate of 9.78%, which adds up across routine spending. Together these figures sketch a budget where income is solid but housing costs and consumption taxes claim a meaningful share, so planning around both is part of living here.
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