55424 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 55424 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateMinnesota
CityMinneapolis
Time ZoneAmerica/Chicago
Geo Location44.90525, -93.33976
Population10712
Size6.311 square miles
Median Family Income$249224.00
Median Home Value$780200.00

Population & Demographics

The following information lists the population statistics and breakdown for the 55424 zip code. The total population is 10712, of which, 5260 are male and 5260 are female. This total population is -67.28% less than the average. With a total area of 6.311 square miles, the population density is 1579.2 people per square mile. The median age of the population is 41.2 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
201110097
201210015
201310031
20149996
201510032
20169860
20179979
20189948
20199966
202010383
202110712

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 8307.7%
Age 5-99368.7%
Age 10-1410059.4%
Age 15-198317.8%
Age 20-242672.5
Age 25-292312.2%
Age 30-343102.9%
Age 35-397957.4%
Age 40-44784 7.3%
Age 45-497977.4%
Age 50-548608%
Age 55-599879.2%
Age 60-646686.2%
Age 65-695775.4%
Age 70-743913.7%
Age 75-791881.8%
Age 80-841041%
Age 85 and over1511.4%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 6.2 %
  • Speaks Spanish: 0.4 %
  • Speaks Other Indo-European Language: 4.4 %
  • Speaks Pacific Island Languages: 1.1 %
  • Speak Other Languages: 0.4 %
Marital Status: 
  • Currently Married: 71 %
  • Divorced: 7.3 %
  • Separated (not divorced): 0.1 %
  • Never Married: 19.6 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 55424 zip code is $249224. This is 205.48% greater than the national average. This income places 1.8% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $40822. 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 $10,000.0010
$10,000.00 – $14,999.0012
$15,000.00 – $24,999.0036
$25,000.00 – $34,999.0046
$35,000.00 – $49,999.00123
$50,000.00 – $74,999.00227
$75,000.00 – $99,999.00122
$100,000.00 – $149,999.00361
$150,000.00 – $199,999,00330
$200,000.00 +1863

YearMedian Family Income ($ USD)
2011158523
2012165167
2013164181
2014168125
2015173200
2016187646
2017198875
2018207115
2019214563
2020233995
2021249224

Income Source# of Households
Wage or Salary2944
Self Employment774
Social Security771
Dividends, Interest, or Rental1777
Retirement743
Other368

Total Insured & Uninsured Individuals: 
  • Families Insure: 10469
  • Families Uninsured: 235
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 743
  • No retirement income: 2992

Education

In the 55424 zip code, 99.8% of individuals over 25 years old have a high school degree or higher, and 85.7% have a bachelors degree or higher. Additionally, 28.2% of individuals 3 years and older are in private school, and 71.8% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 55424 zip, there are an estimated 5535 people in the labor force, of which, 5367 are employed, and 168 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 19.2 minutes. Of the total people that work, 1014 worked from home and 5284 commuted. The average number of hours worked is 41.3. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts3610
Services299
Sales and Office1161
Construction and Maintenance:91
Transportation and Material Moving206





Housing

The median home value for the 55424 zip code is 780200. There is an estimated  3735 number of occupied housing units, the median gross rent in is $1741 per month, and the average monthly housing costs are estimated to be $2818. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,0005
$50,000 – $99,0004
$100,000 – $149,9990
$150,000 – $199,99911
$200,000 – $299,99964
$300,000 – $499,999724
$500,000 – $999,9991586
$1,000,000+1119

Home Year BuiltNumber of Homes
2020 or Later97
2010 – 2019258
2000 – 2009135
1980 – 199969
1960 – 1979456
1940 – 19591630
1939 or earlier1090

The median number of rooms in all housing units is 9.0+ rooms.
Monthly Rent ($ USD)Number of Units
Less than $5000
$500 – $9997
$1,000 – $1,49970
$1,500 – $1,99958
$2,000 – $2,49934
$2,499 – $2,99911
$3,000 + 30

Monthly Housing Costs ($)Number of Households
Less than 3000
300-49913
500-799123
800-999178
1000-1499592
1500-1999328
2000-2499395
2500-2999366
3000+1728

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%1292
20%-24.9%297
25%-29.9%235
30%-34.9%164
35+%447



# of VehiclesHouseholds
None36
1580
22411
3+708
Home Heating Characteristics: 
  • Utility Gas: 83.6 %
  • Bottle Tank or LP Gas: 0.6 %
  • Electricity: 13.9 %
  • Oil or Kerosene etc: 0 %
  • Coal or Coke: 0 %
  • All Other: 1.3 %

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