ZIP Code 55447

ZIP code 55447, near Minneapolis, ranks among the more affluent areas with a median household income of $133,555 and per-capita income of $67,240. Homes here carry a median value of $471,000, and the county-level effective property tax rate of 1.14% means owners pay a substantial amount annually on that valuation. Combined with an 8.53% sales tax, everyday purchases cost more than in many parts of the country. High earnings accompany high housing costs and a tax load that reflects the area's prosperity, so households here generally need strong incomes to cover both ownership and daily expenses.