55345 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 55345 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateMinnesota
CityMinnetonka
Time ZoneAmerica/Chicago
Geo Location44.91527, -93.48375
Population21528
Size29.415 square miles
Median Family Income$154786.00
Median Home Value$388200.00

Population & Demographics

The following information lists the population statistics and breakdown for the 55345 zip code. The total population is 21528, of which, 10850 are male and 10850 are female. This total population is 52.50% greater than the average. With a total area of 29.415 square miles, the population density is 738.3 people per square mile. The median age of the population is 44 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
201121400
201221736
201321832
201421957
201522094
201622109
201721940
201821905
201921717
202022081
202121528

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 12675.9%
Age 5-915137%
Age 10-1415607.2%
Age 15-1911045.1%
Age 20-245392.5
Age 25-299674.5%
Age 30-3411745.5%
Age 35-3915107%
Age 40-441375 6.4%
Age 45-4915517.2%
Age 50-5413836.4%
Age 55-5917077.9%
Age 60-6415667.3%
Age 65-6914396.7%
Age 70-7411825.5%
Age 75-796733.1%
Age 80-843661.7%
Age 85 and over6523%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 9.6 %
  • Speaks Spanish: 3.6 %
  • Speaks Other Indo-European Language: 3.2 %
  • Speaks Pacific Island Languages: 2.5 %
  • Speak Other Languages: 0.2 %
Marital Status: 
  • Currently Married: 59.5 %
  • Divorced: 10.7 %
  • Separated (not divorced): 0.3 %
  • Never Married: 23.1 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 55345 zip code is $154786. This is 78.40% greater than the national average. This income places 4.2% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $26769. 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 $10,000.0078
$10,000.00 – $14,999.009
$15,000.00 – $24,999.0092
$25,000.00 – $34,999.0057
$35,000.00 – $49,999.00204
$50,000.00 – $74,999.00629
$75,000.00 – $99,999.00581
$100,000.00 – $149,999.001279
$150,000.00 – $199,999,001015
$200,000.00 +2040

YearMedian Family Income ($ USD)
2011112792
2012112561
2013113539
2014115398
2015115143
2016122089
2017125417
2018131432
2019137111
2020146976
2021154786

Income Source# of Households
Wage or Salary6453
Self Employment1432
Social Security2981
Dividends, Interest, or Rental3126
Retirement1975
Other861

Total Insured & Uninsured Individuals: 
  • Families Insure: 21046
  • Families Uninsured: 361
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 1975
  • No retirement income: 6705

Education

In the 55345 zip code, 96.9% of individuals over 25 years old have a high school degree or higher, and 63.3% have a bachelors degree or higher. Additionally, 13.5% of individuals 3 years and older are in private school, and 86.5% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 55345 zip, there are an estimated 11734 people in the labor force, of which, 11539 are employed, and 195 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 22.1 minutes. Of the total people that work, 2330 worked from home and 11304 commuted. The average number of hours worked is 38.2. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts6862
Services1527
Sales and Office2064
Construction and Maintenance:385
Transportation and Material Moving701





Housing

The median home value for the 55345 zip code is 388200. There is an estimated  8680 number of occupied housing units, the median gross rent in is $1338 per month, and the average monthly housing costs are estimated to be $1795. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,00023
$50,000 – $99,00039
$100,000 – $149,99969
$150,000 – $199,999220
$200,000 – $299,9991216
$300,000 – $499,9993910
$500,000 – $999,9991655
$1,000,000+137

Home Year BuiltNumber of Homes
2020 or Later14
2010 – 2019307
2000 – 2009288
1980 – 19992484
1960 – 19793248
1940 – 19591954
1939 or earlier385

The median number of rooms in all housing units is 7.6 rooms.
Monthly Rent ($ USD)Number of Units
Less than $500223
$500 – $999198
$1,000 – $1,499451
$1,500 – $1,999269
$2,000 – $2,499104
$2,499 – $2,99972
$3,000 + 65

Monthly Housing Costs ($)Number of Households
Less than 30092
300-499287
500-799996
800-999781
1000-14991467
1500-19991343
2000-24991437
2500-2999993
3000+1255

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%2771
20%-24.9%804
25%-29.9%532
30%-34.9%368
35+%717



# of VehiclesHouseholds
None490
12309
24215
3+1666
Home Heating Characteristics: 
  • Utility Gas: 84.4 %
  • Bottle Tank or LP Gas: 1.1 %
  • Electricity: 12.9 %
  • Oil or Kerosene etc: 0.1 %
  • Coal or Coke: 0 %
  • All Other: 1.4 %

Related Zip Codes


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