ZIP Code 55455

With a per-capita income of just $5,913, ZIP code 55455 sits well below what most Minneapolis areas report, a figure shaped largely by the student population tied to the university nearby. That low earning level does not translate into tax relief, though. The county-level property tax rate reaches 1.14%, and the combined sales tax rate of 9.03% applies to everyday purchases. Together these rates create a heavier proportional load for people earning at this level than the same percentages would impose on higher-income households elsewhere in the city.