Minneapolis, MN — income, home value, property tax, and sales tax.
ZIP code 55423, serving part of Minneapolis, sits in middle-income territory: a median household income of $85,182 and per-capita income of $47,924 place it above many urban neighborhoods without reaching affluent levels. Homes here carry a median value of $343,900, taxed at an effective county rate of 1.14%. Shoppers pay a combined 9.03% sales tax on purchases. Together these figures mean earnings stretch reasonably far against housing costs, though the sales tax adds up on everyday spending. This ZIP blends steady incomes with a property tax load that tracks the broader county rate rather than standing out in either direction.
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