Minneapolis, MN — income, home value, property tax, and sales tax.
In ZIP code 55432, near Minneapolis, households earn a median of $79,520, while per-capita income sits at $37,903. A median home value of $301,800 pairs with a county property tax rate of 0.94%, so annual property taxes land near $2,837. Sales tax in the area totals 8.12%, adding to the cost of everyday purchases. Together, these figures sketch a community where incomes and home prices track moderately against each other, and where taxes take a defined share of both property wealth and daily spending.
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