Minneapolis, MN 55407

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 6650 10720 $12,807 $1,386
(5.56% of returns)
$1,833
(2.71% of returns)
$5,715
$25,000 to $50,000 5710 11170 $32,627 $1,626
(8.76% of returns)
$6,958
(6.3% of returns)
$5,196
$50,000 to $75,000 2820 5460 $48,043 $1,870
(18.09% of returns)
$14,531
(10.28% of returns)
$5,553
$75,000 to $100,000 1470 3220 $57,198 $1,905
(27.21% of returns)
$19,483
(12.24% of returns)
$6,180
$100,000 to $200,000 1870 4630 $75,808 $3,082
(40.11% of returns)
$22,815
(10.16% of returns)
$6,640
Over $200,000 250 660 $183,331 $18,364
(56% of returns)
$20,000
(12% of returns)
$7,715
For Zip 18770 35860 $40,557

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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