Minneapolis, MN — income, home value, property tax, and sales tax.
In ZIP code 55424, near Minneapolis, households report a median income of $250,001, while per-capita income sits at $124,809. A median home value of $992,600 pairs with a county-level effective property tax rate of 1.14%, meaning property taxes take a meaningful bite out of ownership costs at that price point. Sales taxes add up to 9.03% on purchases. Together, these figures sketch a high-income, high-value area where housing and consumption both carry notable tax loads.
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