Minneapolis, MN — income, home value, property tax, and sales tax.
In ZIP 55426, near Minneapolis, households bring in a median of $99,347, with per-capita income at $58,202. That earning level shapes how housing and taxes fit together here. A median home value of $364,600 pairs with a county property tax rate of 1.14%, so annual property taxes run a meaningful share of housing costs. Add a combined sales tax of 9.78% on purchases, and daily spending carries its own weight. Together these figures sketch a place where incomes are solid but taxes still claim a real slice, so buyers weighing a move should factor both the mortgage and the ongoing tax load into their plans.
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