Minneapolis, MN 55425

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 1670 2370 $12,507 $1,308
(7.19% of returns)
$1,650
(4.79% of returns)
$5,150
$25,000 to $50,000 1680 3060 $32,700 $2,416
(7.14% of returns)
$7,080
(8.93% of returns)
$5,635
$50,000 to $75,000 910 1750 $48,009 $2,866
(16.48% of returns)
$15,392
(14.29% of returns)
$5,895
$75,000 to $100,000 450 1000 $53,989 $3,166
(26.67% of returns)
$20,200
(20% of returns)
$6,441
$100,000 to $200,000 490 1100 $76,618 $4,171
(42.86% of returns)
$23,077
(18.37% of returns)
$6,400
Over $200,000 90 210 $225,943 $33,083
(66.67% of returns)
$30,550
(22.22% of returns)
$9,366
For Zip 5290 9490 $42,605

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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