55403 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 55403 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateMinnesota
CityMinneapolis
Time ZoneAmerica/Chicago
Geo Location44.96998, -93.2857
Population16349
Size3.532 square miles
Median Family Income$116625.00
Median Home Value$249900.00

Population & Demographics

The following information lists the population statistics and breakdown for the 55403 zip code. The total population is 16349, of which, 7285 are male and 7285 are female. This total population is -81.69% greater than the average. With a total area of 3.532 square miles, the population density is 4752 people per square mile. The median age of the population is 34.1 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
201114316
201214489
201314804
201414992
201515610
201616245
201716319
201816588
201916784
202016437
202116349

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 5483.4%
Age 5-92291.4%
Age 10-141480.9%
Age 15-192051.3%
Age 20-2414198.7
Age 25-29360722.1%
Age 30-34241414.8%
Age 35-3912927.9%
Age 40-44901 5.5%
Age 45-497124.4%
Age 50-5413158%
Age 55-599996.1%
Age 60-646143.8%
Age 65-694452.7%
Age 70-744652.8%
Age 75-794012.5%
Age 80-843242%
Age 85 and over3111.9%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 13.9 %
  • Speaks Spanish: 5.5 %
  • Speaks Other Indo-European Language: 4.5 %
  • Speaks Pacific Island Languages: 1.4 %
  • Speak Other Languages: 2.5 %
Marital Status: 
  • Currently Married: 22.1 %
  • Divorced: 12.7 %
  • Separated (not divorced): 1.3 %
  • Never Married: 61.3 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 55403 zip code is $116625. This is -20.07% less than the national average. This income places 14.1% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $24977. 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 $10,000.0062
$10,000.00 – $14,999.000
$15,000.00 – $24,999.0073
$25,000.00 – $34,999.0067
$35,000.00 – $49,999.00175
$50,000.00 – $74,999.00171
$75,000.00 – $99,999.00319
$100,000.00 – $149,999.00320
$150,000.00 – $199,999,00236
$200,000.00 +548

YearMedian Family Income ($ USD)
201184231
201276311
201381508
201483780
201584805
201693974
2017104385
201898688
2019109032
2020125714
2021116625

Income Source# of Households
Wage or Salary8942
Self Employment1010
Social Security1553
Dividends, Interest, or Rental2291
Retirement1178
Other871

Total Insured & Uninsured Individuals: 
  • Families Insure: 15033
  • Families Uninsured: 1274
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 1178
  • No retirement income: 9843

Education

In the 55403 zip code, 96.6% of individuals over 25 years old have a high school degree or higher, and 59.7% have a bachelors degree or higher. Additionally, 20.7% of individuals 3 years and older are in private school, and 79.3% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 55403 zip, there are an estimated 11925 people in the labor force, of which, 11454 are employed, and 471 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 23.3 minutes. Of the total people that work, 1661 worked from home and 11275 commuted. The average number of hours worked is 39.3. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts6782
Services1913
Sales and Office1818
Construction and Maintenance:259
Transportation and Material Moving682





Housing

The median home value for the 55403 zip code is 249900. There is an estimated  11021 number of occupied housing units, the median gross rent in is $1094 per month, and the average monthly housing costs are estimated to be $1186. 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 – $99,000104
$100,000 – $149,999377
$150,000 – $199,999259
$200,000 – $299,999743
$300,000 – $499,999578
$500,000 – $999,999365
$1,000,000+150

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 2019647
2000 – 2009568
1980 – 19992456
1960 – 19792702
1940 – 1959778
1939 or earlier3870

The median number of rooms in all housing units is 3.1 rooms.
Monthly Rent ($ USD)Number of Units
Less than $500821
$500 – $9992759
$1,000 – $1,4992255
$1,500 – $1,9991449
$2,000 – $2,499618
$2,499 – $2,999165
$3,000 + 182

Monthly Housing Costs ($)Number of Households
Less than 300424
300-499471
500-7991077
800-9992164
1000-14992717
1500-19992049
2000-2499965
2500-2999422
3000+536

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%804
20%-24.9%262
25%-29.9%319
30%-34.9%82
35+%199



# of VehiclesHouseholds
None3171
16040
21547
3+263
Home Heating Characteristics: 
  • Utility Gas: 56.6 %
  • Bottle Tank or LP Gas: 2.3 %
  • Electricity: 34.2 %
  • Oil or Kerosene etc: 0.3 %
  • Coal or Coke: 0 %
  • All Other: 3.4 %

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