55940 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 55940 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateMinnesota
CityHayfield
Time ZoneAmerica/Chicago
Geo Location43.89491, -92.80423
Population2722
Size234.628 square miles
Median Family Income$89750.00
Median Home Value$188400.00

Population & Demographics

The following information lists the population statistics and breakdown for the 55940 zip code. The total population is 2722, of which, 1337 are male and 1337 are female. This total population is 1116.44% less than the average. With a total area of 234.628 square miles, the population density is 12.1 people per square mile. The median age of the population is 40.7 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
20112699
20122647
20132632
20142610
20152691
20162647
20172720
20182795
20192839
20202744
20212722

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 903.3%
Age 5-91957.2%
Age 10-142117.8%
Age 15-191746.4%
Age 20-241826.7
Age 25-291716.3%
Age 30-341676.1%
Age 35-391375%
Age 40-44181 6.6%
Age 45-491585.8%
Age 50-541465.4%
Age 55-592408.8%
Age 60-641605.9%
Age 65-691194.4%
Age 70-741375%
Age 75-79682.5%
Age 80-84451.7%
Age 85 and over1415.2%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 2.8 %
  • Speaks Spanish: 0.8 %
  • Speaks Other Indo-European Language: 2 %
  • Speaks Pacific Island Languages: 0 %
  • Speak Other Languages: 0 %
Marital Status: 
  • Currently Married: 55.3 %
  • Divorced: 6 %
  • Separated (not divorced): 0.4 %
  • Never Married: 30.5 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 55940 zip code is $89750. This is -5.19% less than the national average. This income places 4.3% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $20469. 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 $10,000.000
$10,000.00 – $14,999.003
$15,000.00 – $24,999.0011
$25,000.00 – $34,999.0034
$35,000.00 – $49,999.0075
$50,000.00 – $74,999.00155
$75,000.00 – $99,999.00144
$100,000.00 – $149,999.00186
$150,000.00 – $199,999,0073
$200,000.00 +54

YearMedian Family Income ($ USD)
201170486
201272000
201376563
201479405
201581964
201680294
201779306
201875652
201979837
202077708
202189750

Income Source# of Households
Wage or Salary844
Self Employment211
Social Security344
Dividends, Interest, or Rental178
Retirement225
Other78

Total Insured & Uninsured Individuals: 
  • Families Insure: 2631
  • Families Uninsured: 51
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 225
  • No retirement income: 874

Education

In the 55940 zip code, 95.3% of individuals over 25 years old have a high school degree or higher, and 24.3% have a bachelors degree or higher. Additionally, 8.1% of individuals 3 years and older are in private school, and 91.9% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 55940 zip, there are an estimated 1524 people in the labor force, of which, 1487 are employed, and 37 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 28.5 minutes. Of the total people that work, 117 worked from home and 1459 commuted. The average number of hours worked is 40.6. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts605
Services224
Sales and Office281
Construction and Maintenance:179
Transportation and Material Moving198





Housing

The median home value for the 55940 zip code is 188400. There is an estimated  1099 number of occupied housing units, the median gross rent in is $836 per month, and the average monthly housing costs are estimated to be $1046. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,00056
$50,000 – $99,00045
$100,000 – $149,999185
$150,000 – $199,999157
$200,000 – $299,999188
$300,000 – $499,999126
$500,000 – $999,99967
$1,000,000+12

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 201950
2000 – 2009112
1980 – 1999240
1960 – 1979288
1940 – 195998
1939 or earlier311

The median number of rooms in all housing units is 6.3 rooms.
Monthly Rent ($ USD)Number of Units
Less than $50030
$500 – $999122
$1,000 – $1,49997
$1,500 – $1,9994
$2,000 – $2,4990
$2,499 – $2,9990
$3,000 + 0

Monthly Housing Costs ($)Number of Households
Less than 30048
300-499108
500-799256
800-99996
1000-1499340
1500-1999100
2000-249986
2500-299933
3000+22

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%280
20%-24.9%129
25%-29.9%46
30%-34.9%22
35+%45



# of VehiclesHouseholds
None77
1225
2416
3+381
Home Heating Characteristics: 
  • Utility Gas: 50.5 %
  • Bottle Tank or LP Gas: 39 %
  • Electricity: 7.5 %
  • Oil or Kerosene etc: 1.2 %
  • Coal or Coke: 0 %
  • 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.