Minneapolis, MN 55420

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 3770 5330 $11,886 $1,658
(10.34% of returns)
$1,758
(6.37% of returns)
$5,257
$25,000 to $50,000 3630 6300 $32,526 $2,272
(11.85% of returns)
$7,083
(14.88% of returns)
$5,222
$50,000 to $75,000 2100 4100 $46,036 $3,011
(20.48% of returns)
$14,956
(19.52% of returns)
$5,865
$75,000 to $100,000 1250 2870 $53,131 $4,197
(29.6% of returns)
$20,922
(24.8% of returns)
$6,627
$100,000 to $200,000 1300 3260 $72,322 $4,815
(40.77% of returns)
$24,931
(22.31% of returns)
$6,836
Over $200,000 160 390 $280,707 $26,300
(62.5% of returns)
$24,260
(31.25% of returns)
$8,872
For Zip 12210 22250 $42,622

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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