Ada, MN — income, home value, property tax, and sales tax.
In ZIP code 56517, near Ada, homes carry a median value of $167,700, and the county's 1.01% effective property tax rate translates to roughly $1,694 a year in taxes on such a home. With median household income at $92,500 and per-capita income of $46,128, that tax bill absorbs a slim share of annual earnings. Combined with a 7.38% sales tax rate, the overall cost of living here still leaves room for homeowners, since property taxes take only about 1.8% of the median household's yearly income.
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