Minneapolis, MN — income, home value, property tax, and sales tax.
With a median household income of $101,484 and per-capita income of $54,370, ZIP code 55431 sits comfortably in middle- to upper-middle-income territory near Minneapolis. Homes here carry a median value of $373,500, and the county-level effective property tax rate of 1.14% means owners pay a meaningful share of that value each year. Sales tax adds up to 9.03% on purchases. Together these figures describe an area where earnings are solid but not extravagant, and where the combined tax load—property plus sales—is a real factor in household finances.
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