Tax Burden in ZIP Code 55901
Rochester, MN — Olmsted County
At the median income of $68,000, the estimated total tax burden in ZIP 55901 is $18,016 (26.5% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$9,520
FICA
$5,202
Property Tax
$3,294
Total Tax Burden
$18,016
26.5% effective
Tax Details for ZIP 55901
ZIP code 55901 is located in Olmsted County, MN, within the Rochester MSA metropolitan area. The area has a cost of living index of 98 (100 = national average), close to the national average.
The effective property tax rate is 1.08%. On the median home price of $305,000, this equals $3,294 per year ($275/month).
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