55054 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 55054 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 Location44.57008, -93.35029
Population2442
Size3.126 square miles
Median Family Income$140030.00
Median Home Value$337600.00

Population & Demographics

The following information lists the population statistics and breakdown for the 55054 zip code. The total population is 2442, of which, 1294 are male and 1294 are female. This total population is -83.80% less than the average. With a total area of 3.126 square miles, the population density is 787.7 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
20112214
20122355
20132481
20142739
20152666
20162561
20172562
20182620
20192462
20202502
20212442

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 1968%
Age 5-92188.9%
Age 10-142068.4%
Age 15-191968%
Age 20-24672.7
Age 25-291365.6%
Age 30-3428511.7%
Age 35-391445.9%
Age 40-44216 8.8%
Age 45-491707%
Age 50-542229.1%
Age 55-591666.8%
Age 60-641636.7%
Age 65-6900%
Age 70-74572.3%
Age 75-7900%
Age 80-8400%
Age 85 and over00%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 7.4 %
  • Speaks Spanish: 2.1 %
  • Speaks Other Indo-European Language: 5.3 %
  • Speaks Pacific Island Languages: 0 %
  • Speak Other Languages: 0 %
Marital Status: 
  • Currently Married: 76.1 %
  • Divorced: 5.4 %
  • Separated (not divorced): 0 %
  • Never Married: 17.6 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 55054 zip code is $140030. This is 101.34% greater than the national average. This income places 0% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $10967. 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 $10,000.000
$10,000.00 – $14,999.000
$15,000.00 – $24,999.000
$25,000.00 – $34,999.000
$35,000.00 – $49,999.0030
$50,000.00 – $74,999.0027
$75,000.00 – $99,999.00156
$100,000.00 – $149,999.00216
$150,000.00 – $199,999,00161
$200,000.00 +187

YearMedian Family Income ($ USD)
201193274
201295625
201396250
2014104789
2015111495
2016124345
2017130288
2018136985
2019123778
2020126894
2021140030

Income Source# of Households
Wage or Salary795
Self Employment74
Social Security28
Dividends, Interest, or Rental93
Retirement84
Other87

Total Insured & Uninsured Individuals: 
  • Families Insure: 2320
  • Families Uninsured: 122
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 84
  • No retirement income: 711

Education

In the 55054 zip code, 98.9% of individuals over 25 years old have a high school degree or higher, and 40.2% have a bachelors degree or higher. Additionally, 19.9% of individuals 3 years and older are in private school, and 80.1% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 55054 zip, there are an estimated 1608 people in the labor force, of which, 1588 are employed, and 20 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 28.2 minutes. Of the total people that work, 253 worked from home and 1588 commuted. The average number of hours worked is 39.5. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts771
Services175
Sales and Office374
Construction and Maintenance:79
Transportation and Material Moving189





Housing

The median home value for the 55054 zip code is 337600. There is an estimated  795 number of occupied housing units, the median gross rent in is $1348 per month, and the average monthly housing costs are estimated to be $1992. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,0000
$50,000 – $99,0000
$100,000 – $149,99918
$150,000 – $199,99940
$200,000 – $299,999160
$300,000 – $499,999417
$500,000 – $999,99938
$1,000,000+0

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 201938
2000 – 2009632
1980 – 199933
1960 – 197974
1940 – 19590
1939 or earlier18

The median number of rooms in all housing units is 7.3 rooms.
Monthly Rent ($ USD)Number of Units
Less than $5000
$500 – $99950
$1,000 – $1,49928
$1,500 – $1,99944
$2,000 – $2,4990
$2,499 – $2,9990
$3,000 + 0

Monthly Housing Costs ($)Number of Households
Less than 3000
300-49918
500-79934
800-99970
1000-149959
1500-1999222
2000-2499215
2500-2999177
3000+0

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%316
20%-24.9%107
25%-29.9%58
30%-34.9%26
35+%63



# of VehiclesHouseholds
None0
148
2473
3+274
Home Heating Characteristics: 
  • Utility Gas: 79.7 %
  • Bottle Tank or LP Gas: 0 %
  • Electricity: 20.3 %
  • Oil or Kerosene etc: 0 %
  • Coal or Coke: 0 %
  • All Other: 0 %

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