55024 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 55024 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateMinnesota
CityFarmington
Time ZoneAmerica/Chicago
Geo Location44.62994, -93.13428
Population36504
Size230.493 square miles
Median Family Income$118361.00
Median Home Value$289500.00

Population & Demographics

The following information lists the population statistics and breakdown for the 55024 zip code. The total population is 36504, of which, 18294 are male and 18294 are female. This total population is 1095.00% greater than the average. With a total area of 230.493 square miles, the population density is 154.1 people per square mile. The median age of the population is 35.2 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
201131001
201232031
201332547
201433316
201533866
201633702
201734341
201835035
201935519
202036897
202136504

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 30698.4%
Age 5-928477.8%
Age 10-1430528.4%
Age 15-1929938.2%
Age 20-2416444.5
Age 25-2919435.3%
Age 30-3425577%
Age 35-3931808.7%
Age 40-442626 7.2%
Age 45-4929268%
Age 50-5424996.8%
Age 55-5922206.1%
Age 60-6420215.5%
Age 65-6911353.1%
Age 70-746701.8%
Age 75-795061.4%
Age 80-842810.8%
Age 85 and over3350.9%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 7.7 %
  • Speaks Spanish: 3.3 %
  • Speaks Other Indo-European Language: 1.3 %
  • Speaks Pacific Island Languages: 1.7 %
  • Speak Other Languages: 1.4 %
Marital Status: 
  • Currently Married: 58.7 %
  • Divorced: 9.6 %
  • Separated (not divorced): 0.5 %
  • Never Married: 28.2 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 55024 zip code is $118361. This is 58.83% greater than the national average. This income places 2.7% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $29274. 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 $10,000.0037
$10,000.00 – $14,999.0018
$15,000.00 – $24,999.00151
$25,000.00 – $34,999.00308
$35,000.00 – $49,999.00516
$50,000.00 – $74,999.001221
$75,000.00 – $99,999.001241
$100,000.00 – $149,999.003229
$150,000.00 – $199,999,001900
$200,000.00 +1025

YearMedian Family Income ($ USD)
201187620
201290566
201389537
201493424
201595372
201695035
201798694
2018105569
2019109341
2020111238
2021118361

Income Source# of Households
Wage or Salary10871
Self Employment1341
Social Security2124
Dividends, Interest, or Rental1985
Retirement2078
Other1609

Total Insured & Uninsured Individuals: 
  • Families Insure: 35364
  • Families Uninsured: 1080
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 2078
  • No retirement income: 10134

Education

In the 55024 zip code, 93.8% of individuals over 25 years old have a high school degree or higher, and 33.7% have a bachelors degree or higher. Additionally, 9.1% of individuals 3 years and older are in private school, and 90.9% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 55024 zip, there are an estimated 20826 people in the labor force, of which, 20249 are employed, and 555 are unemployed. There are a total of 22 people in the armed forces. The average commute time for this zip code is 28.1 minutes. Of the total people that work, 2081 worked from home and 20005 commuted. The average number of hours worked is 38.5. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts7679
Services2781
Sales and Office4934
Construction and Maintenance:1803
Transportation and Material Moving3052





Housing

The median home value for the 55024 zip code is 289500. There is an estimated  12212 number of occupied housing units, the median gross rent in is $1250 per month, and the average monthly housing costs are estimated to be $1678. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,000365
$50,000 – $99,000221
$100,000 – $149,999203
$150,000 – $199,9991191
$200,000 – $299,9993844
$300,000 – $499,9994528
$500,000 – $999,999412
$1,000,000+58

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 20191022
2000 – 20093907
1980 – 19994808
1960 – 19791468
1940 – 1959550
1939 or earlier457

The median number of rooms in all housing units is 7.1 rooms.
Monthly Rent ($ USD)Number of Units
Less than $50078
$500 – $999417
$1,000 – $1,499306
$1,500 – $1,999376
$2,000 – $2,499110
$2,499 – $2,99929
$3,000 + 0

Monthly Housing Costs ($)Number of Households
Less than 300140
300-499457
500-7991461
800-999842
1000-14992170
1500-19992786
2000-24992869
2500-2999832
3000+581

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%4185
20%-24.9%1567
25%-29.9%1094
30%-34.9%490
35+%1125



# of VehiclesHouseholds
None159
12550
25397
3+4106
Home Heating Characteristics: 
  • Utility Gas: 84.3 %
  • Bottle Tank or LP Gas: 5.2 %
  • Electricity: 9.3 %
  • Oil or Kerosene etc: 0.1 %
  • Coal or Coke: 0 %
  • All Other: 0.9 %

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