Minneapolis, MN — income, home value, property tax, and sales tax.
In ZIP code 55433, near Minneapolis, homes carry a median value of $296,900, and the county-level property tax rate of 0.94% works out to roughly $2,791 a year in taxes on a home at that price. With median household income at $78,054, that bill equals about 3.6% of annual earnings, while per-capita income sits at $39,379. Adding an 8.12% combined sales tax shapes day-to-day costs as well. Buyers weighing a move here should factor both the purchase price and the ongoing tax load against what local wages actually support.
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