55420 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 55420 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateMinnesota
CityMinneapolis
Time ZoneAmerica/Chicago
Geo Location44.83593, -93.27774
Population23119
Size16.825 square miles
Median Family Income$82094.00
Median Home Value$249200.00

Population & Demographics

The following information lists the population statistics and breakdown for the 55420 zip code. The total population is 23119, of which, 11741 are male and 11741 are female. This total population is -12.77% greater than the average. With a total area of 16.825 square miles, the population density is 1286.4 people per square mile. The median age of the population is 39.3 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
201121597
201221343
201322223
201422777
201522430
201622193
201722771
201821970
201921644
202022215
202123119

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 12065.2%
Age 5-914486.3%
Age 10-1415816.8%
Age 15-1916327.1%
Age 20-2411715.1
Age 25-2913095.7%
Age 30-3417037.4%
Age 35-3917417.5%
Age 40-441536 6.6%
Age 45-4914586.3%
Age 50-5414226.2%
Age 55-5916217%
Age 60-6413555.9%
Age 65-6911384.9%
Age 70-7411685.1%
Age 75-796993%
Age 80-843931.7%
Age 85 and over5382.3%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 24 %
  • Speaks Spanish: 9.7 %
  • Speaks Other Indo-European Language: 1.4 %
  • Speaks Pacific Island Languages: 5.4 %
  • Speak Other Languages: 7.5 %
Marital Status: 
  • Currently Married: 43.5 %
  • Divorced: 11.6 %
  • Separated (not divorced): 0.6 %
  • Never Married: 39.1 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 55420 zip code is $82094. This is -0.03% less than the national average. This income places 15.1% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $24601. 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 $10,000.00131
$10,000.00 – $14,999.0060
$15,000.00 – $24,999.00298
$25,000.00 – $34,999.00377
$35,000.00 – $49,999.00610
$50,000.00 – $74,999.00821
$75,000.00 – $99,999.001138
$100,000.00 – $149,999.001058
$150,000.00 – $199,999,00609
$200,000.00 +403

YearMedian Family Income ($ USD)
201157321
201257981
201359252
201463526
201564884
201668448
201773417
201874949
201975619
202076712
202182094

Income Source# of Households
Wage or Salary6664
Self Employment928
Social Security2868
Dividends, Interest, or Rental1857
Retirement1972
Other1080

Total Insured & Uninsured Individuals: 
  • Families Insure: 21605
  • Families Uninsured: 1465
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 1972
  • No retirement income: 6945

Education

In the 55420 zip code, 88.7% of individuals over 25 years old have a high school degree or higher, and 28.8% have a bachelors degree or higher. Additionally, 15% of individuals 3 years and older are in private school, and 85% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 55420 zip, there are an estimated 12659 people in the labor force, of which, 11894 are employed, and 765 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 22.2 minutes. Of the total people that work, 1250 worked from home and 11549 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 Arts4117
Services2278
Sales and Office2927
Construction and Maintenance:740
Transportation and Material Moving1832





Housing

The median home value for the 55420 zip code is 249200. There is an estimated  8917 number of occupied housing units, the median gross rent in is $1139 per month, and the average monthly housing costs are estimated to be $1184. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,000180
$50,000 – $99,000174
$100,000 – $149,999245
$150,000 – $199,999795
$200,000 – $299,9993228
$300,000 – $499,9991201
$500,000 – $999,999114
$1,000,000+6

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 201991
2000 – 2009505
1980 – 1999959
1960 – 19792931
1940 – 19593953
1939 or earlier478

The median number of rooms in all housing units is 5.6 rooms.
Monthly Rent ($ USD)Number of Units
Less than $500232
$500 – $999723
$1,000 – $1,4991454
$1,500 – $1,999384
$2,000 – $2,49993
$2,499 – $2,99924
$3,000 + 0

Monthly Housing Costs ($)Number of Households
Less than 300262
300-499479
500-7991523
800-9991019
1000-14992882
1500-19991788
2000-2499673
2500-2999127
3000+100

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%1749
20%-24.9%759
25%-29.9%327
30%-34.9%251
35+%869



# of VehiclesHouseholds
None682
13342
23418
3+1475
Home Heating Characteristics: 
  • Utility Gas: 77.2 %
  • Bottle Tank or LP Gas: 2 %
  • Electricity: 16.9 %
  • Oil or Kerosene etc: 0.4 %
  • Coal or Coke: 0 %
  • All Other: 1.8 %

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