Minneapolis, MN 55403

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 2670 3060 $12,812 $2,540
(9.36% of returns)
$2,033
(2.25% of returns)
$4,675
$25,000 to $50,000 2820 3160 $36,745 $2,367
(12.06% of returns)
$8,046
(5.32% of returns)
$5,030
$50,000 to $75,000 1700 1910 $58,289 $3,635
(22.94% of returns)
$16,125
(9.41% of returns)
$5,350
$75,000 to $100,000 770 960 $74,544 $4,511
(35.06% of returns)
$21,408
(15.58% of returns)
$5,988
$100,000 to $200,000 1020 1660 $95,628 $9,196
(50.98% of returns)
$25,868
(24.51% of returns)
$7,980
Over $200,000 740 1640 $465,256 $49,351
(78.38% of returns)
$28,647
(25.68% of returns)
$14,889
For Zip 9720 12390 $93,904

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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