Minneapolis, MN — income, home value, property tax, and sales tax.
In ZIP code 55446, near Minneapolis, households earn a median of $170,625, with per-capita income at $79,469. That earning power shapes how housing and taxes fit into a budget: a median home value of $583,500 carries an effective county property tax rate of 1.14%, a meaningful annual cost but one that higher incomes can absorb. Day-to-day purchases add a combined sales tax of 8.53%, which applies broadly across spending. Together, these figures describe an area where substantial earnings support both a sizable home investment and ongoing consumption taxes, leaving room for saving and other priorities alongside the cost of living there.
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