55431 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 55431 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateMinnesota
CityMinneapolis
Time ZoneAmerica/Chicago
Geo Location44.82605, -93.31243
Population19501
Size20.715 square miles
Median Family Income$106955.00
Median Home Value$287000.00

Population & Demographics

The following information lists the population statistics and breakdown for the 55431 zip code. The total population is 19501, of which, 10345 are male and 10345 are female. This total population is 7.40% greater than the average. With a total area of 20.715 square miles, the population density is 882.2 people per square mile. The median age of the population is 45.1 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
201117704
201218175
201318138
201418470
201518464
201618308
201718341
201818337
201918275
202018478
202119501

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 10215.2%
Age 5-99765%
Age 10-148424.3%
Age 15-198034.1%
Age 20-2410355.3
Age 25-2913957.2%
Age 30-3413947.1%
Age 35-3912636.5%
Age 40-441003 5.1%
Age 45-4911445.9%
Age 50-5415227.8%
Age 55-5914937.7%
Age 60-6412846.6%
Age 65-699715%
Age 70-748884.6%
Age 75-799715%
Age 80-847673.9%
Age 85 and over7293.7%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 12.8 %
  • Speaks Spanish: 3.9 %
  • Speaks Other Indo-European Language: 3.7 %
  • Speaks Pacific Island Languages: 4.3 %
  • Speak Other Languages: 1 %
Marital Status: 
  • Currently Married: 50.2 %
  • Divorced: 11.2 %
  • Separated (not divorced): 0.5 %
  • Never Married: 31.5 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 55431 zip code is $106955. This is 45.03% greater than the national average. This income places 4.5% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $29043. 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 $10,000.0029
$10,000.00 – $14,999.0091
$15,000.00 – $24,999.00162
$25,000.00 – $34,999.00131
$35,000.00 – $49,999.00360
$50,000.00 – $74,999.00657
$75,000.00 – $99,999.00757
$100,000.00 – $149,999.001538
$150,000.00 – $199,999,00671
$200,000.00 +637

YearMedian Family Income ($ USD)
201181361
201282570
201384389
201484713
201585996
201691395
201792348
201895309
201997264
2020101540
2021106955

Income Source# of Households
Wage or Salary6018
Self Employment734
Social Security2857
Dividends, Interest, or Rental2560
Retirement2372
Other945

Total Insured & Uninsured Individuals: 
  • Families Insure: 18918
  • Families Uninsured: 424
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 2372
  • No retirement income: 5925

Education

In the 55431 zip code, 94.6% of individuals over 25 years old have a high school degree or higher, and 45% have a bachelors degree or higher. Additionally, 23% of individuals 3 years and older are in private school, and 77% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 55431 zip, there are an estimated 11112 people in the labor force, of which, 10439 are employed, and 612 are unemployed. There are a total of 61 people in the armed forces. The average commute time for this zip code is 20.8 minutes. Of the total people that work, 1394 worked from home and 10305 commuted. The average number of hours worked is 38.4. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts5096
Services1403
Sales and Office2332
Construction and Maintenance:675
Transportation and Material Moving933





Housing

The median home value for the 55431 zip code is 287000. There is an estimated  8297 number of occupied housing units, the median gross rent in is $1510 per month, and the average monthly housing costs are estimated to be $1550. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,00045
$50,000 – $99,00078
$100,000 – $149,99978
$150,000 – $199,999286
$200,000 – $299,9992807
$300,000 – $499,9992228
$500,000 – $999,999224
$1,000,000+36

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 2019422
2000 – 2009355
1980 – 19991048
1960 – 19792900
1940 – 19593174
1939 or earlier398

The median number of rooms in all housing units is 6.3 rooms.
Monthly Rent ($ USD)Number of Units
Less than $500246
$500 – $999348
$1,000 – $1,499593
$1,500 – $1,999689
$2,000 – $2,499439
$2,499 – $2,99966
$3,000 + 20

Monthly Housing Costs ($)Number of Households
Less than 300175
300-499421
500-7991389
800-999515
1000-14991332
1500-19992456
2000-24991321
2500-2999357
3000+217

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%2239
20%-24.9%500
25%-29.9%300
30%-34.9%246
35+%584



# of VehiclesHouseholds
None591
12560
23399
3+1747
Home Heating Characteristics: 
  • Utility Gas: 77.8 %
  • Bottle Tank or LP Gas: 1.7 %
  • Electricity: 19.1 %
  • Oil or Kerosene etc: 0.1 %
  • Coal or Coke: 0.1 %
  • All Other: 0.2 %

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