55020 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 55020 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateMinnesota
CityElko New Market
Time ZoneAmerica/Chicago
Geo Location44.57624, -93.36947
Population4349
Size64.643 square miles
Median Family Income$146806.00
Median Home Value$380700.00

Population & Demographics

The following information lists the population statistics and breakdown for the 55020 zip code. The total population is 4349, of which, 2529 are male and 2529 are female. This total population is 235.15% less than the average. With a total area of 64.643 square miles, the population density is 65.9 people per square mile. The median age of the population is 33.6 years old. Below you’ll find additional information on the population and demographics of this zip code, including age distribution, race distribution, language spoken, and more.

YearPopulation
20113373
20123473
20133554
20143299
20153576
20163658
20173829
20183750
20194260
20204529
20214349

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 3919%
Age 5-92956.8%
Age 10-1450911.7%
Age 15-192656.1%
Age 20-242134.9
Age 25-291603.7%
Age 30-344319.9%
Age 35-392465.7%
Age 40-44414 9.5%
Age 45-491914.4%
Age 50-543427.9%
Age 55-593498%
Age 60-641713.9%
Age 65-691343.1%
Age 70-74380.9%
Age 75-79310.7%
Age 80-841262.9%
Age 85 and over431%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 1.8 %
  • Speaks Spanish: 0.5 %
  • Speaks Other Indo-European Language: 1 %
  • Speaks Pacific Island Languages: 0.2 %
  • Speak Other Languages: 0.2 %
Marital Status: 
  • Currently Married: 66.2 %
  • Divorced: 3.2 %
  • Separated (not divorced): 0 %
  • Never Married: 26.6 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 55020 zip code is $146806. This is 113.05% greater than the national average. This income places 3.5% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $20878. Below you can find additional economic characteristics, including income bracket distribution, median income over time, retirement statistics, and more.

Annual Income Bracket ($)Number of Families in Bracket
Less than $10,000.0022
$10,000.00 – $14,999.000
$15,000.00 – $24,999.000
$25,000.00 – $34,999.0029
$35,000.00 – $49,999.0046
$50,000.00 – $74,999.0098
$75,000.00 – $99,999.00101
$100,000.00 – $149,999.00347
$150,000.00 – $199,999,00365
$200,000.00 +263

YearMedian Family Income ($ USD)
201193835
201287000
201391000
2014102863
201597543
2016114625
2017125733
2018127417
2019124228
2020144813
2021146806

Income Source# of Households
Wage or Salary1228
Self Employment338
Social Security342
Dividends, Interest, or Rental503
Retirement354
Other152

Total Insured & Uninsured Individuals: 
  • Families Insure: 4165
  • Families Uninsured: 161
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 354
  • No retirement income: 1019

Education

In the 55020 zip code, 95.3% of individuals over 25 years old have a high school degree or higher, and 41.5% have a bachelors degree or higher. Additionally, 16.4% of individuals 3 years and older are in private school, and 83.6% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 55020 zip, there are an estimated 2443 people in the labor force, of which, 2413 are employed, and 25 are unemployed. There are a total of 5 people in the armed forces. The average commute time for this zip code is 30.6 minutes. Of the total people that work, 356 worked from home and 2418 commuted. The average number of hours worked is 39.1. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts1159
Services371
Sales and Office536
Construction and Maintenance:147
Transportation and Material Moving200





Housing

The median home value for the 55020 zip code is 380700. There is an estimated  1373 number of occupied housing units, the median gross rent in is $0 per month, and the average monthly housing costs are estimated to be $2133. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,00011
$50,000 – $99,00014
$100,000 – $149,9990
$150,000 – $199,99918
$200,000 – $299,999130
$300,000 – $499,999918
$500,000 – $999,999241
$1,000,000+28

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 2019115
2000 – 2009598
1980 – 1999429
1960 – 1979133
1940 – 195952
1939 or earlier46

The median number of rooms in all housing units is 8.5 rooms.
Monthly Rent ($ USD)Number of Units
Less than $5000
$500 – $9990
$1,000 – $1,4990
$1,500 – $1,9998
$2,000 – $2,4995
$2,499 – $2,9990
$3,000 + 0

Monthly Housing Costs ($)Number of Households
Less than 30014
300-49918
500-79972
800-99951
1000-1499256
1500-1999158
2000-2499442
2500-2999219
3000+143

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%648
20%-24.9%230
25%-29.9%115
30%-34.9%66
35+%141



# of VehiclesHouseholds
None6
184
2695
3+588
Home Heating Characteristics: 
  • Utility Gas: 83.8 %
  • Bottle Tank or LP Gas: 5.5 %
  • Electricity: 9.2 %
  • Oil or Kerosene etc: 0 %
  • Coal or Coke: 0 %
  • All Other: 1.4 %

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All information sourced from official government sources including Census.gov, the IRS, and the Department of Education.