ZIP Code 56020

In ZIP code 56020, near Albert Lea, households earn a median of $83,750, while per-capita income sits at $31,653. A median home value of $112,500 pairs with a county property tax rate of 1.11%, so annual property taxes on such a home come to roughly $1,250. Sales taxes add 7.38% to purchases. Together these figures sketch a cost picture where housing values stay below the national midpoint, property taxes take a sliver of income, and everyday spending carries a combined rate just above seven percent. Incomes here outpace the home prices, which shapes how far earnings stretch.