55407 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 55407 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateMinnesota
CityMinneapolis
Time ZoneAmerica/Chicago
Geo Location44.93503, -93.2529
Population38921
Size10.465 square miles
Median Family Income$84397.00
Median Home Value$257300.00

Population & Demographics

The following information lists the population statistics and breakdown for the 55407 zip code. The total population is 38921, of which, 19933 are male and 19933 are female. This total population is -45.74% greater than the average. With a total area of 10.465 square miles, the population density is 3915.9 people per square mile. The median age of the population is 33.1 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
201137577
201237364
201337616
201438596
201539210
201639903
201740923
201841671
201940980
202040792
202138921

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 27937.2%
Age 5-934688.9%
Age 10-1429817.7%
Age 15-1917764.6%
Age 20-2416234.2
Age 25-29393410.1%
Age 30-34448911.5%
Age 35-3933058.5%
Age 40-443097 8%
Age 45-4919685.1%
Age 50-5419925.1%
Age 55-5920965.4%
Age 60-6418064.6%
Age 65-6916814.3%
Age 70-747561.9%
Age 75-794901.3%
Age 80-843821%
Age 85 and over2840.7%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 30.6 %
  • Speaks Spanish: 19.2 %
  • Speaks Other Indo-European Language: 1.7 %
  • Speaks Pacific Island Languages: 0.9 %
  • Speak Other Languages: 8.9 %
Marital Status: 
  • Currently Married: 41.7 %
  • Divorced: 9.6 %
  • Separated (not divorced): 1.4 %
  • Never Married: 44.2 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 55407 zip code is $84397. This is 5.07% greater than the national average. This income places 16.5% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $21505. 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 $10,000.00315
$10,000.00 – $14,999.00221
$15,000.00 – $24,999.00374
$25,000.00 – $34,999.00610
$35,000.00 – $49,999.00579
$50,000.00 – $74,999.001443
$75,000.00 – $99,999.001176
$100,000.00 – $149,999.001794
$150,000.00 – $199,999,001042
$200,000.00 +513

YearMedian Family Income ($ USD)
201151978
201254226
201353631
201453893
201554233
201659496
201767793
201868566
201971370
202078804
202184397

Income Source# of Households
Wage or Salary12473
Self Employment2637
Social Security2880
Dividends, Interest, or Rental3302
Retirement1999
Other1599

Total Insured & Uninsured Individuals: 
  • Families Insure: 35365
  • Families Uninsured: 3309
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 1999
  • No retirement income: 12982

Education

In the 55407 zip code, 85% of individuals over 25 years old have a high school degree or higher, and 47.1% have a bachelors degree or higher. Additionally, 18.6% of individuals 3 years and older are in private school, and 81.4% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 55407 zip, there are an estimated 22305 people in the labor force, of which, 21010 are employed, and 1295 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 24.9 minutes. Of the total people that work, 3314 worked from home and 20633 commuted. The average number of hours worked is 37.8. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts10369
Services4397
Sales and Office3248
Construction and Maintenance:1251
Transportation and Material Moving1745





Housing

The median home value for the 55407 zip code is 257300. There is an estimated  14981 number of occupied housing units, the median gross rent in is $1104 per month, and the average monthly housing costs are estimated to be $1329. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,000139
$50,000 – $99,000309
$100,000 – $149,999624
$150,000 – $199,9991325
$200,000 – $299,9993830
$300,000 – $499,9992769
$500,000 – $999,999154
$1,000,000+13

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 2019271
2000 – 2009522
1980 – 19991089
1960 – 19791108
1940 – 19591979
1939 or earlier10012

The median number of rooms in all housing units is 5.7 rooms.
Monthly Rent ($ USD)Number of Units
Less than $500494
$500 – $9991767
$1,000 – $1,4992352
$1,500 – $1,999912
$2,000 – $2,499129
$2,499 – $2,99941
$3,000 + 10

Monthly Housing Costs ($)Number of Households
Less than 300495
300-499684
500-7991703
800-9991794
1000-14994227
1500-19993710
2000-24991504
2500-2999503
3000+248

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%3313
20%-24.9%1096
25%-29.9%727
30%-34.9%463
35+%1256



# of VehiclesHouseholds
None1725
16085
25374
3+1797
Home Heating Characteristics: 
  • Utility Gas: 81.3 %
  • Bottle Tank or LP Gas: 1.4 %
  • Electricity: 14.8 %
  • Oil or Kerosene etc: 0.2 %
  • Coal or Coke: 0 %
  • All Other: 1.7 %

Related Zip Codes


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