Canton, MN — income, home value, property tax, and sales tax.
In ZIP code 55962, which takes in Canton and the surrounding area, households earn a median of $76,667 a year, while per-capita income sits at $38,887. A median home value of $286,100 paired with a 0.94% county property tax rate means annual property taxes land near $2,689. Combined with a 7.38% sales tax rate on purchases, housing and everyday spending together claim a meaningful share of earnings, though the income level leaves room to cover both without straining.
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