Minneapolis, MN — income, home value, property tax, and sales tax.
In ZIP code 55436, near Minneapolis, households earn a median of $144,129, with per-capita income at $102,973. A median home value of $643,400 pairs with a county property tax rate of 1.14%, which works out to roughly $7,335 in annual property taxes on that median home. Sales tax adds 9.03% to purchases in the area. Together, these figures sketch a higher-income, higher-cost corner of the metro, where substantial earnings accompany steep housing prices and a combined tax load that buyers should factor into their budgets.
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