ZIP Code 55437

In ZIP code 55437, near Minneapolis, homes carry a median value of $381,700, and the county-level effective property tax rate of 1.14% translates to roughly $4,350 a year for a home at that price. With median household income at $95,718 and per-capita income at $57,189, that tax bill equals about 4.5% of household earnings. A combined sales tax rate of 9.03% adds further cost to daily purchases. Together these figures show how housing costs and taxes interact with local incomes in this part of the Minneapolis area.