55386 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 55386, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

55386 is a zip code in Carver County, Minnesota, which covers Laketown and Victoria, with a total population of 9,391 people.

We are using the latest American Community Survey (ACS) 5-Year survey data from the US Census Bureau, which is accurate up to 2021.

Table of Contents

Population

There is a lot of data that lets us see how many people live in the 55386 zip code. The most basic data is the total population, which is the total number of people living in 55386.

The estimated population of people living in 55386 is 9,391, with a median age of 38.8.

We can look back at data from previous years to see how the population in the 55386 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
9,391
+14.37%
+23.39%
2020
8,211
+4.88%
-
2019
7,829
+2.39%
-
2018
7,646
+0.46%
-
2017
7,611
 - -

Population of 55386 by Race and Ethnicity

How much has the race and ethnicity of the population in the 55386 zip code changed? The US Census Bureau gives us a few defined types that the population is broken down into.

Let's look at the total numbers and also the change over the last 5 years.

Race 2021 2017 Change
White
88.1%
95.5%
 -7.75%
Black/African American
2.8%
0.1%
 +2,700.00%
Native
0%
0.1%
 -100.00%
Hispanic
1.8%
1.2%
 +50.00%
Asian
4.7%
0.7%
 +571.43%
Hawaiian/Pacific Islander
0%
0%
 0.00%
Two Or More Races
2.2%
2.4%
 -8.33%
Other
0.4%
0%
 0.00%

This data can be very important for anybody studying the 55386 zip for a number of reasons, including social and economic research, planning and development, and marketing to a multi-cultural population.

Note that the Native group includes both Native American and Alaskan Native people.

Population of 55386 by Age and Gender

We can also monitor the change of the age and gender in the 55386 zip code to track track trends in the population over time.

We can see how the population in 55386 has changed over the last 5 years by median age as a total, and also by male and female.

Year Total Male Female
2021 38.8 +0.26% 38.7 +1.04% 39.1 -4.63%
2020 38.7 -1.78% 38.3 +2.68% 41 -0.24%
2019 39.4 +4.23% 37.3 -0.53% 41.1 +7.31%
2018 37.8 +5.29% 37.5 +4.46% 38.3 +6.39%
2017 35.9 - 35.9 - 36 -

The median age of the 55386 zip gives you an idea of the age distribution, with half of the population being older than the median age and half being younger.

This can then be used to infer and compare against birth rates, parent ages, and more metrics to understand the population. For example, an increasing median age indicates an aging population in the 55386 area, which can be a sign of a declining population in terms of birth rates and workforce participation.

Age 2021 2017
(Years) Male Female Male Female
0 to 9 715 1.12% 662 -10.96% 711 558
10 to 19 709 +25.24% 649 +6.38% 900 679
20 to 29 212 -19.79% 223 +104.78% 172 532
30 to 39 469 +59.01% 487 +15.4% 795 537
40 to 49 653 +8.25% 714 +1.52% 705 724
50 to 59 641 +30.84% 471 +38.6% 857 679
60 to 69 258 +36.18% 333 +53.69% 353 530
70+ 244 +53.42% 171 +52.73% 396 263

Median Household Income

The latest median household income for the 55386 zip code is $165,591.00.

In simple terms, the median income is the middle income of a group of people. Half of the people in the group make more than the median income, and half make less.

The median income is a good indicator of the overall income of a group of people, and can be used to compare against other metrics such as the average income, per capita income, and more.

Median Income by Age

We can also look at the median income by age to see how the median income varies by age, and how it compares to the overall median income for 55386.

  • Under 25
    $0.00
  • 25 to 44
    $199,853.00
  • 45 to 64
    $193,068.00
  • 65 and over
    $93,344.00

Average Household Income

Whenever we ask what is the average household income in the 55386 zip code, we are actually talking about the mean household income.

This is calculated by adding up all the incomes of all the households in 55386, and then dividing that number by the total number of households.

This is a good way to get a general idea of the average income of a group of people, but it can be skewed by a very high or very low incomes.

The average household income of 55386 is currently $184,483.00.

In terms of accurately summarizing income at a geographic level, the median income is a better metric than the average income because it isn't affected by a small number of very high or very low incomes.

If you had an area where the average income was greater than the median, it can mean that there is significant income inequality, with income being concentrated in a small number of wealthy households.

38.40% of households in 55386 are classed as high income households (making $200,000+ per year).

Household Income Tiers

The US Census Bureau divides households into income tiers based on the median income for the area. This is a good way to compare the income of 55386 against other zip codes.

  • Less than $24,999
    3.66%
  • $25,000 to $49,999
    6.27%
  • $50,000 to $74,999
    5.98%
  • $75,000 to $99,999
    7.41%
  • $100,000 to $149,999
    20.24%
  • $150,000 to $199,999
    18.04%
  • $200,000 or more
    38.40%

Per Capita Income

The per capita income in 55386 is $62,922.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 55386 by the total population of 55386.

This is different from the average or mean income because it includes and accounts for all people living in the 55386 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 55386 to see how many people have a high school degree, a bachelor's degree, or a graduate degree.

Educational attainment is a good indicator of the overall education level of a population, and can be used to compare against other metrics such as the average income, per capita income, and more to see how education levels affect income, unemployment rates, and more.

  • Master's degree or higher
    28.54%
  • Bachelor's degree
    57.03%
  • Some college or associate's degree
    5.73%
  • High school diploma or equivalent
    8.09%
  • Less than high school diploma
    0.61%

Employment

Employment rates are all based around the total population in 55386 that are over the age of 16.

Currently, the total population of the 55386 zip over the age of 16 is 7,102.

Of those people, a total of 73.70% are working or actively looking for work. This is called the labor force participation rate.

The participation rate is a useful market measure because it shows the relative amount of labor resources available to the economy.

The employment to total population rate in 55386 is 70.50%.

Employment by Age

We can look at the employment rates by age to see how it compares to the overall employment rate. Here's how that breaks down for the 55386 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 559 58.70% 7.60%
20 to 24 years 347 71.80% 30.50%
25 to 29 years 357 92.20% 0.00%
30 to 34 years 499 89.20% 0.00%
35 to 44 years 1,590 90.20% 0.00%
45 to 54 years 1,636 89.20% 4.20%
55 to 59 years 572 93.20% 4.10%
60 to 64 years 353 63.70% 3.60%
65 to 74 years 914 23.30% 16.00%
75 years and over 275 6.90% 0.00%

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in 55386. The table below shows the rates for each of the ethnicity groups types defined by the US Census Bureau (which we mentioned earlier in this article).

Age Population Participation Unemployment Rate
White 6,362 71.30% 4.90%
Black or African American 149 97.30% 0.00%
American Indian and Alaska Native 2 0.00% 0.00%
Asian 417 100.00% 0.00%
Native Hawaiian and Other Pacific Islander 0 0.00% 0.00%
Other 35 57.10% 15.00%
Two or more races 137 86.10% 0.00%
Hispanic or Latino 105 82.90% 0.00%
Not Hispanic or Latino 6,275 70.90% 5.00%

Occupations

In this section we can look at the most common occupations for people living in the 55386 area as well as the gender breakdown and earnings of them.

The total population of civilian employees that are 16 years old or older in 55386 is 5,009, with median earnings of $83,459.00.

Women in 55386 are earning approximately 52.50% of the men's earnings.

Population Earnings
Total 5,009 $83,459.00
Male 2,740 $111,755.00
Female 2,269 $58,689.00

Occupations by Category

In the table below, we can break down the population and earnings for 55386 even further by occupation. The list of occupation categories below will show you how many people are employed in each category and the median earnings of each profession.

Occupation Employed Earnings
Management 838 $134,891.00
Business and Financial 571 $83,625.00
Computer and Mathematical 676 $116,461.00
Architecture and Engineering 139 $87,404.00
Life, Physical, and Social Science 110 $128,750.00
Community and Social Service 87 $71,615.00
Legal 43 $250,001.00
Educational and Library 187 $61,146.00
Arts, Design, Entertainment, Sports, and Media 104 $44,214.00
Healthcare Practitioners 361 $88,250.00
Healthcare Support 54 $2,499.00
Firefighters and Protective Service 19 $0.00
Law Enforcement 39 $0.00
Food Preparation and Serving 120 $4,184.00
Building and Grounds Cleaning 94 $38,214.00
Personal Care and Service 151 $8,938.00
Sales 537 $93,125.00
Office and Administrative Support 510 $50,644.00
Farming, Fishing, and Forestry 0 $0.00
Construction and Extraction 65 $177,679.00
Installation, Maintenance, and Repair 59 $71,838.00
Production 78 $41,957.00
Transportation and Material Moving 127 $127,542.00

Occupations by Gender

Now we can also look at the occupations by category for 55386 when it is broken down by male and female.

This lets us see how many male and females work in each occupation, the median earnings, and the male to female ratio of earnings for 55386.

That last metric is important because it can be used to look at the gender pay gap between men and women.

Occupation Male Female
Population Earnings Population Earnings
Management 532 $156,154.00 306 $124,375.00
Business and Financial 352 $79,355.00 219 $95,450.00
Computer and Mathematical 404 $140,293.00 272 $115,590.00
Architecture and Engineering 107 $104,779.00 32 $0.00
Life, Physical, and Social Science 83 $67,188.00 27 $168,036.00
Community and Social Service 28 $0.00 59 $78,482.00
Legal 25 $0.00 18 $0.00
Educational and Library 13 $0.00 174 $59,853.00
Arts, Design, Entertainment, Sports, and Media 40 $46,429.00 64 $43,643.00
Healthcare Practitioners 97 $93,558.00 264 $65,900.00
Healthcare Support 2 $0.00 52 $0.00
Firefighters and Protective Service 6 $0.00 13 $0.00
Law Enforcement 39 $0.00 0 $0.00
Food Preparation and Serving 58 $4,737.00 62 $3,833.00
Building and Grounds Cleaning 70 $52,833.00 24 $0.00
Personal Care and Service 15 $0.00 136 $9,875.00
Sales 392 $124,135.00 145 $47,434.00
Office and Administrative Support 149 $70,284.00 361 $50,549.00
Farming, Fishing, and Forestry 0 $0.00 0 $0.00
Construction and Extraction 65 $177,679.00 0 $0.00
Installation, Maintenance, and Repair 59 $71,838.00 0 $0.00
Production 37 $44,861.00 41 $2,499.00
Transportation and Material Moving 127 $127,542.00 0 $0.00

Households and Family Size

A household is defined by the US Census Bureau as a group of people who occupy a housing unit. A housing unit is a house, apartment, mobile home, group of rooms, or single room occupied as separate living quarters.

There are currently 3,143 households in 55386, with an average household size of 2.96 people.

A family is defined as a group of two or more people related by birth, marriage, or adoption who live together in the same household.

There are 2,773 families living in the 55386 zip code with an average family size of 3.18 people.

Households by Marital Status

The four categories of household by marital status are:

  • Married-couple family
  • Male householder with no spouse present
  • Female household with no spouse present
  • Nonfamily household

The table below shows the total number of households and families, with the average sizes of each, that live in 55386:

Married Male Female Nonfamily
Total Households 2,577 60 136 370
Average Household Size 3.21 2.88 3.13 1.23
Total Families 2,577 60 136 0
Average Household Size 3.2 2.55 3.13 0

Poverty

Of the 2,773 families living in 55386, 1.30% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 55386:

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Housing

There are 3,287 housing units in 55386.

The table below shows the split between occupied and vacant units:

Total Percentage
Occupied 3,143 95.62%
Vacant 144 4.38%

7.00% of the total 3,287 housing units in 55386 are rental units. This is approximately 230 properties.

For owner-occupied housing units, a total of 2,898 are occupied by the owner - or 88.17% of the total.

Rental Rates

The median rent for a property in 55386 is $2,029.00.

In the chart below, we can look at the number of rental properties in 55386 that fall into a particular rent range. These can then be used to compare with other areas, or to see how they have changed over time.

  • No rent paid
    15
  • Less than $500
    0
  • $500 to $999
    51
  • $1,000 to $1,499
    22
  • $1,500 to $1,999
    36
  • $2,000 to $2,499
    102
  • $2,500 to $2,999
    0
  • $3,000 or more
    19

Property Value

The median value of a property in 55386 is $466,600.00.

Just like with rental rates, we can look at the number of properties in 55386 that fall into a particular value range.

  • Less than $50,000
    33
  • $50,000 to $99,999
    12
  • $100,000 to $149,999
    0
  • $150,000 to $199,999
    94
  • $200,000 to $299,999
    341
  • $300,000 to $499,999
    1,190
  • $500,000 to $999,999
    1,190
  • $1,000,000 or more
    38

Property Age

We can also look at the age of properties in 55386. The chart below shows the number of properties in 55386 that fall into a particular age range.

  • 1939 or earlier
    87
  • 1940 to 1949
    0
  • 1950 to 1959
    58
  • 1960 to 1969
    140
  • 1970 to 1979
    98
  • 1980 to 1989
    247
  • 1990 to 1999
    527
  • 2000 to 2009
    1,097
  • 2010 to 2013
    990
  • 2014 or later
    43

Vehicles per Household

The number of vehicles available per household can be a good indicator of the level of affluence in an area. The chart below shows the number of households in 55386 that have a particular number of vehicles available.

  • No vehicles available
    21
  • 1 vehicle available
    741
  • 2 vehicles available
    1,476
  • 3 or more vehicles available
    905

Commuting to Work

In this section, we can also look at how people in 55386 get to work. The chart below shows the number of people in 55386 that commute to work in a particular way.

34.6 minutes is the average travel time to work for people in 55386.

These commute times can be compared to other date like income and educational levels to see how they relate to each other and if there are any trends in the data that might suggest a correlation.

  • Less than 5 minutes
    56
  • 5 to 9 minutes
    153
  • 10 to 14 minutes
    429
  • 15 to 19 minutes
    397
  • 20 to 24 minutes
    589
  • 25 to 29 minutes
    580
  • 30 to 34 minutes
    673
  • 35 to 39 minutes
    211
  • 40 to 44 minutes
    136
  • 45 to 59 minutes
    305
  • 60 to 89 minutes
    194
  • 90 or more minutes
    192

Summary

We've covered a LOT of demographic and population data for 55386 in this article! Hopefully you have found it very useful in your research of the area.

If you use any of the data found on this page, please consider linking back to USPopulation.org as the source and if you have any feedback or data requests, click here to contact us.

States in 55386

If you want to see how the population and demographics of 55386 compare to other zip codes in Minnesota, check out the list of all Minnesota zip codes below: