ZIP Code 55742

In ZIP code 55742, which takes in Bovey, households earn a median of $64,250, while per-capita income comes to $36,473. A median home value of $221,700 pairs with a county property tax rate of 0.86%, so annual property taxes on such a home would run around $1,900. Sales taxes add up to 7.88% at checkout. Those figures shape how far a paycheck stretches: housing costs stay tied to local wages, and everyday purchases carry a set percentage on top. Budgeting here means weighing steady income against property taxes due once a year and sales tax paid continually.