55427 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 55427 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateMinnesota
CityMinneapolis
Time ZoneAmerica/Chicago
Geo Location45.00628, -93.38022
Population25581
Size18.699 square miles
Median Family Income$107602.00
Median Home Value$274000.00

Population & Demographics

The following information lists the population statistics and breakdown for the 55427 zip code. The total population is 25581, of which, 13214 are male and 13214 are female. This total population is -3.06% greater than the average. With a total area of 18.699 square miles, the population density is 1211.1 people per square mile. The median age of the population is 39.6 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
201122511
201222282
201322835
201422915
201522808
201622733
201722830
201822966
201922646
202024017
202125581

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 11504.5%
Age 5-913825.4%
Age 10-1416506.5%
Age 15-1913175.1%
Age 20-2414245.6
Age 25-2918797.3%
Age 30-3420818.1%
Age 35-3920137.9%
Age 40-441709 6.7%
Age 45-4914915.8%
Age 50-5416336.4%
Age 55-5916006.3%
Age 60-6421038.2%
Age 65-6911414.5%
Age 70-7412374.8%
Age 75-797763%
Age 80-844061.6%
Age 85 and over5892.3%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 13.2 %
  • Speaks Spanish: 4.6 %
  • Speaks Other Indo-European Language: 4.3 %
  • Speaks Pacific Island Languages: 2.5 %
  • Speak Other Languages: 1.8 %
Marital Status: 
  • Currently Married: 51.2 %
  • Divorced: 9.9 %
  • Separated (not divorced): 0.9 %
  • Never Married: 32.9 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 55427 zip code is $107602. This is 27.56% greater than the national average. This income places 7% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $23639. 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 $10,000.0076
$10,000.00 – $14,999.0034
$15,000.00 – $24,999.00152
$25,000.00 – $34,999.00328
$35,000.00 – $49,999.00389
$50,000.00 – $74,999.001210
$75,000.00 – $99,999.00793
$100,000.00 – $149,999.001999
$150,000.00 – $199,999,00809
$200,000.00 +851

YearMedian Family Income ($ USD)
201182532
201280385
201378359
201479735
201583818
201688403
201794688
201896111
2019103073
2020103010
2021107602

Income Source# of Households
Wage or Salary8613
Self Employment1334
Social Security3037
Dividends, Interest, or Rental2265
Retirement2069
Other1034

Total Insured & Uninsured Individuals: 
  • Families Insure: 24177
  • Families Uninsured: 1220
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 2069
  • No retirement income: 8617

Education

In the 55427 zip code, 95.4% of individuals over 25 years old have a high school degree or higher, and 47.1% have a bachelors degree or higher. Additionally, 24.7% of individuals 3 years and older are in private school, and 75.3% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 55427 zip, there are an estimated 15126 people in the labor force, of which, 14714 are employed, and 412 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 21.8 minutes. Of the total people that work, 2324 worked from home and 14456 commuted. The average number of hours worked is 37.9. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts6898
Services2132
Sales and Office3300
Construction and Maintenance:749
Transportation and Material Moving1635





Housing

The median home value for the 55427 zip code is 274000. There is an estimated  10686 number of occupied housing units, the median gross rent in is $1203 per month, and the average monthly housing costs are estimated to be $1383. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,00074
$50,000 – $99,000139
$100,000 – $149,999323
$150,000 – $199,999624
$200,000 – $299,9993596
$300,000 – $499,9992394
$500,000 – $999,999280
$1,000,000+41

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 2019327
2000 – 2009370
1980 – 19991145
1960 – 19796270
1940 – 19592341
1939 or earlier233

The median number of rooms in all housing units is 6.6 rooms.
Monthly Rent ($ USD)Number of Units
Less than $500276
$500 – $999605
$1,000 – $1,4991317
$1,500 – $1,999792
$2,000 – $2,499139
$2,499 – $2,99929
$3,000 + 33

Monthly Housing Costs ($)Number of Households
Less than 300256
300-499593
500-7991643
800-9991023
1000-14992332
1500-19992746
2000-24991386
2500-2999427
3000+256

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%2545
20%-24.9%782
25%-29.9%516
30%-34.9%256
35+%892



# of VehiclesHouseholds
None568
13473
24810
3+1835
Home Heating Characteristics: 
  • Utility Gas: 78.8 %
  • Bottle Tank or LP Gas: 0.6 %
  • Electricity: 17.5 %
  • Oil or Kerosene etc: 0 %
  • Coal or Coke: 0.1 %
  • All Other: 2.3 %

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