ZIP Code 55775

Households in ZIP code 55775, near Bovey, earn a median of $90,179, placing the area in middle-income territory rather than among Minnesota's wealthiest communities. Per-capita income reaches $48,047, and median home values sit at $234,000. Property taxes run at an effective 0.86% of value at the county level, so a home at that median would generate roughly $2,012 in annual property tax. Combined with a 7.88% sales tax rate, the overall burden stays in line with what many working- and middle-income households across the region already pay.