Donaldson, MN — income, home value, property tax, and sales tax.
In ZIP 56757, which takes in Donaldson, homes are valued at a median of $131,800, and the county-level property tax rate of 0.80% works out to roughly $1,054 a year on such a home. With median household income at $80,938 and per-capita income of $38,623, that tax bill absorbs a little over 1% of a typical household's annual earnings. Combined with a 6.88% sales tax rate, the overall cost of living here stays tied closely to what people earn, and the gap between home prices and local incomes shapes how far a paycheck stretches.
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