ZIP Code 56055

Households in ZIP code 56055, near Mankato, earn a median of $90,987, placing the area in middle-income territory rather than among the affluent. Per-capita income sits at $40,857, and median home values reach $226,100. Property taxes run at an effective 0.97% county rate, so a home at that median value carries roughly $2,193 in annual property tax. Combined with a 7.38% sales tax rate, purchases cost noticeably more than in many parts of the country. Overall, this ZIP combines solid earnings with a moderate property tax load and a steeper sales tax.