55401 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 55401 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateMinnesota
CityMinneapolis
Time ZoneAmerica/Chicago
Geo Location44.98479, -93.26946
Population10957
Size2.333 square miles
Median Family Income$150688.00
Median Home Value$347500.00

Population & Demographics

The following information lists the population statistics and breakdown for the 55401 zip code. The total population is 10957, of which, 4666 are male and 4666 are female. This total population is -87.91% greater than the average. With a total area of 2.333 square miles, the population density is 4388.6 people per square mile. The median age of the population is 35.3 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
20116943
20127157
20137543
20147583
20157573
20167909
20178798
20189595
201910238
202010942
202110957

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 2592.4%
Age 5-91711.6%
Age 10-14930.8%
Age 15-19440.4%
Age 20-246415.9
Age 25-29191917.5%
Age 30-34224620.5%
Age 35-39124711.4%
Age 40-44623 5.7%
Age 45-495404.9%
Age 50-545945.4%
Age 55-597106.5%
Age 60-646736.1%
Age 65-695635.1%
Age 70-743433.1%
Age 75-791721.6%
Age 80-84910.8%
Age 85 and over280.3%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 16.2 %
  • Speaks Spanish: 5.2 %
  • Speaks Other Indo-European Language: 5.5 %
  • Speaks Pacific Island Languages: 4.3 %
  • Speak Other Languages: 1.3 %
Marital Status: 
  • Currently Married: 32.5 %
  • Divorced: 12.9 %
  • Separated (not divorced): 0.3 %
  • Never Married: 51.1 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 55401 zip code is $150688. This is 62.05% greater than the national average. This income places 6.7% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $24165. 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 $10,000.0046
$10,000.00 – $14,999.0031
$15,000.00 – $24,999.000
$25,000.00 – $34,999.000
$35,000.00 – $49,999.0015
$50,000.00 – $74,999.00216
$75,000.00 – $99,999.00156
$100,000.00 – $149,999.00418
$150,000.00 – $199,999,00285
$200,000.00 +619

YearMedian Family Income ($ USD)
2011108992
2012117644
2013114856
2014127273
2015121964
2016129153
2017123529
2018124038
2019141354
2020130804
2021150688

Income Source# of Households
Wage or Salary6401
Self Employment842
Social Security894
Dividends, Interest, or Rental2211
Retirement804
Other334

Total Insured & Uninsured Individuals: 
  • Families Insure: 10669
  • Families Uninsured: 288
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 804
  • No retirement income: 6513

Education

In the 55401 zip code, 99.2% of individuals over 25 years old have a high school degree or higher, and 77.4% have a bachelors degree or higher. Additionally, 31.6% of individuals 3 years and older are in private school, and 68.4% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 55401 zip, there are an estimated 8611 people in the labor force, of which, 8437 are employed, and 174 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 20 minutes. Of the total people that work, 1933 worked from home and 8216 commuted. The average number of hours worked is 43.3. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts6327
Services520
Sales and Office1190
Construction and Maintenance:17
Transportation and Material Moving383





Housing

The median home value for the 55401 zip code is 347500. There is an estimated  7317 number of occupied housing units, the median gross rent in is $1830 per month, and the average monthly housing costs are estimated to be $1840. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,000243
$50,000 – $99,00016
$100,000 – $149,99916
$150,000 – $199,999158
$200,000 – $299,999595
$300,000 – $499,999670
$500,000 – $999,999460
$1,000,000+242

Home Year BuiltNumber of Homes
2020 or Later16
2010 – 20191928
2000 – 20091212
1980 – 19991498
1960 – 19791001
1940 – 1959419
1939 or earlier1243

The median number of rooms in all housing units is 3 rooms.
Monthly Rent ($ USD)Number of Units
Less than $500364
$500 – $99962
$1,000 – $1,499793
$1,500 – $1,9991839
$2,000 – $2,4991005
$2,499 – $2,999357
$3,000 + 447

Monthly Housing Costs ($)Number of Households
Less than 300305
300-499333
500-799151
800-999122
1000-14991152
1500-19992260
2000-24991277
2500-2999759
3000+908

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%848
20%-24.9%194
25%-29.9%80
30%-34.9%65
35+%221



# of VehiclesHouseholds
None1053
14603
21448
3+213
Home Heating Characteristics: 
  • Utility Gas: 54.4 %
  • Bottle Tank or LP Gas: 0.3 %
  • Electricity: 38.9 %
  • Oil or Kerosene etc: 0.2 %
  • Coal or Coke: 0 %
  • All Other: 5.3 %

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