55408 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 55408 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateMinnesota
CityMinneapolis
Time ZoneAmerica/Chicago
Geo Location44.94005, -93.29197
Population31613
Size7.043 square miles
Median Family Income$83520.00
Median Home Value$313100.00

Population & Demographics

The following information lists the population statistics and breakdown for the 55408 zip code. The total population is 31613, of which, 15053 are male and 15053 are female. This total population is -63.48% greater than the average. With a total area of 7.043 square miles, the population density is 4505.1 people per square mile. The median age of the population is 30 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
201131373
201231401
201331130
201430883
201531202
201631579
201731313
201831090
201931731
202032276
202131613

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 12974.1%
Age 5-913274.2%
Age 10-1412423.9%
Age 15-1911183.5%
Age 20-24423313.4
Age 25-29654020.7%
Age 30-34439813.9%
Age 35-3927298.6%
Age 40-441528 4.8%
Age 45-4913344.2%
Age 50-5413844.4%
Age 55-5912524%
Age 60-6410223.2%
Age 65-697562.4%
Age 70-746932.2%
Age 75-793221%
Age 80-841970.6%
Age 85 and over2410.8%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 23.3 %
  • Speaks Spanish: 11.4 %
  • Speaks Other Indo-European Language: 2.6 %
  • Speaks Pacific Island Languages: 1.3 %
  • Speak Other Languages: 8 %
Marital Status: 
  • Currently Married: 24.3 %
  • Divorced: 10.2 %
  • Separated (not divorced): 1.1 %
  • Never Married: 62.6 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 55408 zip code is $83520. This is -2.20% less than the national average. This income places 15% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $25508. 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 $10,000.00159
$10,000.00 – $14,999.00148
$15,000.00 – $24,999.00143
$25,000.00 – $34,999.00340
$35,000.00 – $49,999.00533
$50,000.00 – $74,999.00704
$75,000.00 – $99,999.00565
$100,000.00 – $149,999.00728
$150,000.00 – $199,999,00465
$200,000.00 +657

YearMedian Family Income ($ USD)
201143766
201245431
201346250
201452671
201551173
201653400
201761528
201864849
201976320
202081265
202183520

Income Source# of Households
Wage or Salary14193
Self Employment1765
Social Security1719
Dividends, Interest, or Rental2868
Retirement1180
Other1309

Total Insured & Uninsured Individuals: 
  • Families Insure: 28824
  • Families Uninsured: 2579
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 1180
  • No retirement income: 14810

Education

In the 55408 zip code, 89.5% of individuals over 25 years old have a high school degree or higher, and 58% 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 55408 zip, there are an estimated 22788 people in the labor force, of which, 21522 are employed, and 1254 are unemployed. There are a total of 12 people in the armed forces. The average commute time for this zip code is 24.6 minutes. Of the total people that work, 3492 worked from home and 21205 commuted. The average number of hours worked is 39.2. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts12655
Services2970
Sales and Office3802
Construction and Maintenance:566
Transportation and Material Moving1529





Housing

The median home value for the 55408 zip code is 313100. There is an estimated  15990 number of occupied housing units, the median gross rent in is $1199 per month, and the average monthly housing costs are estimated to be $1243. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,00068
$50,000 – $99,000146
$100,000 – $149,999191
$150,000 – $199,999545
$200,000 – $299,999831
$300,000 – $499,9991171
$500,000 – $999,999621
$1,000,000+164

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 20191424
2000 – 2009870
1980 – 19991716
1960 – 19793342
1940 – 19591623
1939 or earlier7015

The median number of rooms in all housing units is 3.7 rooms.
Monthly Rent ($ USD)Number of Units
Less than $500607
$500 – $9993166
$1,000 – $1,4994848
$1,500 – $1,9992166
$2,000 – $2,499863
$2,499 – $2,999312
$3,000 + 182

Monthly Housing Costs ($)Number of Households
Less than 300523
300-499240
500-7991274
800-9992779
1000-14995513
1500-19992821
2000-24991287
2500-2999783
3000+661

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%1204
20%-24.9%374
25%-29.9%201
30%-34.9%86
35+%571



# of VehiclesHouseholds
None2421
18414
24051
3+1104
Home Heating Characteristics: 
  • Utility Gas: 65.4 %
  • Bottle Tank or LP Gas: 2.7 %
  • Electricity: 28.4 %
  • Oil or Kerosene etc: 0.4 %
  • Coal or Coke: 0.1 %
  • All Other: 1.4 %

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