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ZIP Code 55416, MN

Comprehensive demographics, housing data, local amenities, and economic statistics for ZIP Code 55416.

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Community Insights

Highly Educated
44% bachelor's · 18% graduate
top 1% nationally
High Incomes
$116k/year
top 11% nationally
Leading Industries
Arts, Food & Hospitality · Healthcare · Transportation
18% arts, food & hospitality
Home Value Growth⬆
+5.8% over 2 years
Young Adults
39% of residents
well above average
Homeowners
50% of occupied units

People & Demographics

Total Population29,940
Households—
Under 18
18.0%
Age 18–34
39.0%
Age 35–64
27.0%
Age 65+
16.0%
Veterans
4.0%
Active Duty
0.0%

Housing & Living

Median Home Value$516,967
Median Gross Rent$1,889/mo
Owner Occupied
49.9%
Renter Occupied
50.1%
Detached Homes
—
Built Pre-1940
—

Economy & Income

Median Household Income$116,296
Poverty Rate—

Key Industries

Healthcare20.0%
Professional Services2.0%
Manufacturing0.0%
Retail11.0%
Education2.0%

Amenities & Transit

Transit Score—
Walkability / Amenities—
Commute < 15m
—
Commute 60m+
—

Education

High School Grad
—
Bachelor's Degree
44.0%
Master's or Higher
18.0%
School Enrollment
—

Frequently Asked Questions

What is the population and demographic makeup of ZIP code 55416?›

The total population of ZIP code 55416 is approximately 29,940. The community has a large population of young adults (18-34). This demographic data is sourced from the U.S. Census Bureau.

Do more people rent or own homes in ZIP code 55416?›

The housing market in ZIP code 55416 is predominantly driven by renters, with 50% of housing units being owner-occupied and 50% being renter-occupied.

What is the education level of residents in ZIP code 55416?›

In ZIP code 55416, approximately 44% of adult residents hold a bachelor's degree or higher. Additionally, 18% of the population holds a master's degree or higher. This indicates the local educational attainment compared to state and national averages.