Minneapolis, MN — income, home value, property tax, and sales tax.
Households in ZIP code 55427, on the edge of Minneapolis, earn a median of $92,821, placing the area above the middle of the income range, while per-capita income of $49,566 hints at a solidly middle-to-upper-income population. Homes here carry a median value of $360,200, and the county's 1.14% effective property tax rate applies against that figure. Sales tax across the area totals 9.78%, a rate shoppers encounter on everyday purchases. Together these figures describe a comfortable, established suburb where earnings and home values sit well above national norms, though the combined tax costs remain a real consideration.
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