Minneapolis, MN — income, home value, property tax, and sales tax.
In ZIP 55438, near Minneapolis, households earn a median of $106,432, with per-capita income at $66,012. That earnings level shapes how housing and taxes fit into a yearly plan. A median home value of $414,600 taxed at the county's 1.14% effective rate works out to roughly $4,726 annually in property taxes. Day-to-day purchases carry a combined sales tax of 9.03%, which adds up across routine spending. Weighing these costs against income shows how much of each paycheck goes toward housing and consumption taxes, and how much remains for savings, travel, or other priorities throughout the year.
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