Minneapolis, MN 55401

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 950 1050 $12,488 $2,668
(16.84% of returns)
$1,600
(3.16% of returns)
$6,225
$25,000 to $50,000 1170 1290 $37,787 $2,421
(19.66% of returns)
$8,222
(7.69% of returns)
$6,071
$50,000 to $75,000 1440 1630 $59,298 $2,221
(22.92% of returns)
$16,930
(6.94% of returns)
$6,004
$75,000 to $100,000 1150 1340 $78,020 $3,032
(32.17% of returns)
$22,575
(6.96% of returns)
$6,868
$100,000 to $200,000 1600 2200 $107,916 $5,257
(48.12% of returns)
$22,735
(8.75% of returns)
$8,015
Over $200,000 980 1770 $366,354 $38,095
(72.45% of returns)
$30,453
(15.31% of returns)
$12,722
For Zip 7290 9280 $121,051

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Income Tax Rates

Rate Minimum Income Maximum Income
0.0535 0 25890
0.0705 25890 85060
0.0785 85060 160020
0.0985 160020 null

Property Tax Rates

Rate Rank (compared to Other States)
0.0111 19

Sales Tax Rates

State Rate Average Local Rate Combined Rate Rank (compared to Other States)
0.06875 0.0058 0.0746 18