55418 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 55418 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateMinnesota
CityMinneapolis
Time ZoneAmerica/Chicago
Geo Location45.02122, -93.24284
Population31136
Size17.508 square miles
Median Family Income$104672.00
Median Home Value$272700.00

Population & Demographics

The following information lists the population statistics and breakdown for the 55418 zip code. The total population is 31136, of which, 15023 are male and 15023 are female. This total population is -9.23% greater than the average. With a total area of 17.508 square miles, the population density is 1730.9 people per square mile. The median age of the population is 37.5 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
201129994
201229981
201330096
201430550
201530750
201630676
201730843
201830211
201930305
202030209
202131136

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 23687.6%
Age 5-914774.7%
Age 10-1414324.6%
Age 15-199022.9%
Age 20-2414094.5
Age 25-29310710%
Age 30-34334910.8%
Age 35-3929079.3%
Age 40-442643 8.5%
Age 45-4922177.1%
Age 50-5419376.2%
Age 55-5916305.2%
Age 60-6417045.5%
Age 65-6914524.7%
Age 70-7410733.4%
Age 75-795031.6%
Age 80-842710.9%
Age 85 and over7552.4%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 14.3 %
  • Speaks Spanish: 6 %
  • Speaks Other Indo-European Language: 1.7 %
  • Speaks Pacific Island Languages: 2.3 %
  • Speak Other Languages: 4.3 %
Marital Status: 
  • Currently Married: 44.4 %
  • Divorced: 11.7 %
  • Separated (not divorced): 0.9 %
  • Never Married: 39.6 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 55418 zip code is $104672. This is 16.22% greater than the national average. This income places 10.2% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $24361. 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 $10,000.00147
$10,000.00 – $14,999.0097
$15,000.00 – $24,999.00193
$25,000.00 – $34,999.00382
$35,000.00 – $49,999.00452
$50,000.00 – $74,999.00938
$75,000.00 – $99,999.001206
$100,000.00 – $149,999.001515
$150,000.00 – $199,999,001139
$200,000.00 +1021

YearMedian Family Income ($ USD)
201171229
201273331
201371688
201473491
201578321
201681904
201784747
201891389
201993170
202097482
2021104672

Income Source# of Households
Wage or Salary10799
Self Employment2011
Social Security3514
Dividends, Interest, or Rental3039
Retirement2030
Other1137

Total Insured & Uninsured Individuals: 
  • Families Insure: 29073
  • Families Uninsured: 1686
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 2030
  • No retirement income: 11848

Education

In the 55418 zip code, 93.5% of individuals over 25 years old have a high school degree or higher, and 49.9% have a bachelors degree or higher. Additionally, 21.5% of individuals 3 years and older are in private school, and 78.5% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 55418 zip, there are an estimated 19112 people in the labor force, of which, 18279 are employed, and 629 are unemployed. There are a total of 204 people in the armed forces. The average commute time for this zip code is 23.4 minutes. Of the total people that work, 3184 worked from home and 18051 commuted. The average number of hours worked is 38.7. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts10100
Services2521
Sales and Office3110
Construction and Maintenance:909
Transportation and Material Moving1639





Housing

The median home value for the 55418 zip code is 272700. There is an estimated  13878 number of occupied housing units, the median gross rent in is $1097 per month, and the average monthly housing costs are estimated to be $1286. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,00080
$50,000 – $99,000109
$100,000 – $149,999429
$150,000 – $199,999865
$200,000 – $299,9994234
$300,000 – $499,9992610
$500,000 – $999,999306
$1,000,000+65

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 2019217
2000 – 2009461
1980 – 19991296
1960 – 19792241
1940 – 19594297
1939 or earlier5366

The median number of rooms in all housing units is 5.5 rooms.
Monthly Rent ($ USD)Number of Units
Less than $500736
$500 – $9991395
$1,000 – $1,4991910
$1,500 – $1,999818
$2,000 – $2,499180
$2,499 – $2,9996
$3,000 + 0

Monthly Housing Costs ($)Number of Households
Less than 300400
300-499867
500-7991706
800-9991754
1000-14993801
1500-19993533
2000-24991092
2500-2999388
3000+202

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%3512
20%-24.9%719
25%-29.9%656
30%-34.9%429
35+%739



# of VehiclesHouseholds
None1588
14867
25721
3+1702
Home Heating Characteristics: 
  • Utility Gas: 83.3 %
  • Bottle Tank or LP Gas: 1.3 %
  • Electricity: 13.7 %
  • Oil or Kerosene etc: 0.3 %
  • Coal or Coke: 0.1 %
  • All Other: 0.4 %

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