55423 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 55423 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateMinnesota
CityMinneapolis
Time ZoneAmerica/Chicago
Geo Location44.87624, -93.28215
Population36986
Size18.029 square miles
Median Family Income$95338.00
Median Home Value$259200.00

Population & Demographics

The following information lists the population statistics and breakdown for the 55423 zip code. The total population is 36986, of which, 18119 are male and 18119 are female. This total population is -6.53% greater than the average. With a total area of 18.029 square miles, the population density is 2013.4 people per square mile. The median age of the population is 37.3 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
201135212
201235525
201335868
201436101
201536185
201636166
201736275
201836186
201936300
202036311
202136986

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 20835.6%
Age 5-921065.7%
Age 10-1418074.9%
Age 15-1919875.4%
Age 20-2419365.2
Age 25-29384010.4%
Age 30-3433609.1%
Age 35-3930418.2%
Age 40-442314 6.3%
Age 45-4919305.2%
Age 50-5420855.6%
Age 55-5922636.1%
Age 60-6421395.8%
Age 65-6919085.2%
Age 70-7417054.6%
Age 75-797662.1%
Age 80-847171.9%
Age 85 and over9992.7%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 24.7 %
  • Speaks Spanish: 15.6 %
  • Speaks Other Indo-European Language: 1.9 %
  • Speaks Pacific Island Languages: 3.4 %
  • Speak Other Languages: 3.8 %
Marital Status: 
  • Currently Married: 48.8 %
  • Divorced: 9.6 %
  • Separated (not divorced): 0.6 %
  • Never Married: 36.4 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 55423 zip code is $95338. This is 10.77% greater than the national average. This income places 7.2% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $29745. 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 $10,000.00114
$10,000.00 – $14,999.0029
$15,000.00 – $24,999.00280
$25,000.00 – $34,999.00357
$35,000.00 – $49,999.00704
$50,000.00 – $74,999.001993
$75,000.00 – $99,999.001308
$100,000.00 – $149,999.002446
$150,000.00 – $199,999,001040
$200,000.00 +886

YearMedian Family Income ($ USD)
201166393
201265686
201364656
201467576
201567889
201671428
201775310
201881535
201985155
202086037
202195338

Income Source# of Households
Wage or Salary12418
Self Employment1898
Social Security4281
Dividends, Interest, or Rental3541
Retirement3215
Other1812

Total Insured & Uninsured Individuals: 
  • Families Insure: 33738
  • Families Uninsured: 3110
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 3215
  • No retirement income: 12464

Education

In the 55423 zip code, 91.4% of individuals over 25 years old have a high school degree or higher, and 43.7% have a bachelors degree or higher. Additionally, 15.5% of individuals 3 years and older are in private school, and 84.5% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 55423 zip, there are an estimated 21831 people in the labor force, of which, 20672 are employed, and 1135 are unemployed. There are a total of 24 people in the armed forces. The average commute time for this zip code is 23.3 minutes. Of the total people that work, 1994 worked from home and 20373 commuted. The average number of hours worked is 39. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts9168
Services3338
Sales and Office4595
Construction and Maintenance:1206
Transportation and Material Moving2365





Housing

The median home value for the 55423 zip code is 259200. There is an estimated  15679 number of occupied housing units, the median gross rent in is $1206 per month, and the average monthly housing costs are estimated to be $1292. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,000105
$50,000 – $99,000253
$100,000 – $149,999313
$150,000 – $199,9991032
$200,000 – $299,9995531
$300,000 – $499,9992419
$500,000 – $999,999133
$1,000,000+29

Home Year BuiltNumber of Homes
2020 or Later24
2010 – 2019420
2000 – 2009878
1980 – 19991844
1960 – 19793440
1940 – 19598379
1939 or earlier694

The median number of rooms in all housing units is 5.5 rooms.
Monthly Rent ($ USD)Number of Units
Less than $500275
$500 – $9991312
$1,000 – $1,4993067
$1,500 – $1,999682
$2,000 – $2,499333
$2,499 – $2,999133
$3,000 + 0

Monthly Housing Costs ($)Number of Households
Less than 300270
300-499875
500-7992411
800-9991595
1000-14994897
1500-19993537
2000-24991465
2500-2999416
3000+151

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%3377
20%-24.9%856
25%-29.9%675
30%-34.9%491
35+%1025



# of VehiclesHouseholds
None1667
15709
26113
3+2190
Home Heating Characteristics: 
  • Utility Gas: 76.5 %
  • Bottle Tank or LP Gas: 1.8 %
  • Electricity: 19.5 %
  • Oil or Kerosene etc: 0.1 %
  • Coal or Coke: 0.1 %
  • All Other: 0.7 %

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