Minneapolis, MN 55402

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 150 170 $12,264 $4,380
(33.33% of returns)
$0
(0% of returns)
$7,900
$25,000 to $50,000 160 170 $34,552 $8,325
(25% of returns)
$8,200
(18.75% of returns)
$0
$50,000 to $75,000 130 200 $44,244 $4,700
(30.77% of returns)
$0
(0% of returns)
$0
$75,000 to $100,000 90 70 $108,128 $12,466
(33.33% of returns)
$20,800
(22.22% of returns)
$12,000
$100,000 to $200,000 120 200 $109,900 $23,814
(58.33% of returns)
$0
(0% of returns)
$11,075
Over $200,000 190 420 $1,869,117 $274,564
(89.47% of returns)
$26,075
(21.05% of returns)
$20,290
For Zip 840 1230 $581,653

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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