Minneapolis, MN — income, home value, property tax, and sales tax.
Households in ZIP 55442, near Minneapolis, bring in a median of $123,859 a year, with per-capita income at $70,770. That earnings level shapes how the main costs land: a median home valued at $460,100 carries an effective county property tax rate of 1.14%, and purchases ring up at a combined 9.03% sales tax. High take-home pay alongside these rates means housing and everyday spending absorb a real share of income, yet the gap between earnings and costs leaves room for saving and discretionary spending.
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