55391 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 55391, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

55391 is a zip code in Hennepin County, Minnesota, which covers Deephaven, Long Lake, Medina, Minnetonka, Minnetonka Beach, Orono, Shorewood, Spring Park, Wayzata, and Woodland, with a total population of 15,621 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 55391 zip code. The most basic data is the total population, which is the total number of people living in 55391.

The estimated population of people living in 55391 is 15,621, with a median age of 50.5.

We can look back at data from previous years to see how the population in the 55391 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
15,621
 -0.69% -4.70%
2020
15,730
 -5.16% -
2019
16,585
+1.61%
-
2018
16,322
 -0.43% -
2017
16,392
 - -

Population of 55391 by Race and Ethnicity

How much has the race and ethnicity of the population in the 55391 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
91.8%
93.8%
 -2.13%
Black/African American
0.7%
1.7%
 -58.82%
Native
0.1%
0%
 0.00%
Hispanic
1.6%
1.5%
 +6.67%
Asian
4%
1.6%
 +150.00%
Hawaiian/Pacific Islander
0%
0%
 0.00%
Two Or More Races
1.8%
0.9%
 +100.00%
Other
0%
0.4%
 -100.00%

This data can be very important for anybody studying the 55391 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 55391 by Age and Gender

We can also monitor the change of the age and gender in the 55391 zip code to track track trends in the population over time.

We can see how the population in 55391 has changed over the last 5 years by median age as a total, and also by male and female.

Year Total Male Female
2021 50.5 -0.39% 48.8 -2.79% 52.1 +0.97%
2020 50.7 +2.84% 50.2 +3.51% 51.6 +3.2%
2019 49.3 -1% 48.5 0% 50 -1.38%
2018 49.8 0% 48.5 +0.41% 50.7 0%
2017 49.8 - 48.3 - 50.7 -

The median age of the 55391 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 55391 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 9 871 +4.9% 835 -3.82% 886 790
10 to 19 1,378 -24.29% 1,041 -21.38% 1,065 834
20 to 29 384 +36.81% 357 -32.29% 541 252
30 to 39 754 0.45% 710 +26.36% 753 898
40 to 49 881 -5.23% 1,029 -18.53% 831 839
50 to 59 1,640 -20.69% 1,540 -9.93% 1,322 1,392
60 to 69 1,319 -2.48% 1,406 -13.8% 1,272 1,219
70+ 1,039 +24.66% 1,208 +15.86% 1,318 1,409

Median Household Income

The latest median household income for the 55391 zip code is $131,068.00.

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 55391.

  • Under 25
    $63,333.00
  • 25 to 44
    $158,189.00
  • 45 to 64
    $176,667.00
  • 65 and over
    $94,587.00

Average Household Income

Whenever we ask what is the average household income in the 55391 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 55391, 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 55391 is currently $241,547.00.

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.

34.82% of households in 55391 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 55391 against other zip codes.

  • Less than $24,999
    7.23%
  • $25,000 to $49,999
    10.25%
  • $50,000 to $74,999
    10.07%
  • $75,000 to $99,999
    11.74%
  • $100,000 to $149,999
    14.81%
  • $150,000 to $199,999
    11.09%
  • $200,000 or more
    34.82%

Per Capita Income

The per capita income in 55391 is $102,151.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 55391 by the total population of 55391.

This is different from the average or mean income because it includes and accounts for all people living in the 55391 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 55391 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
    21.43%
  • Bachelor's degree
    60.40%
  • Some college or associate's degree
    6.04%
  • High school diploma or equivalent
    11.85%
  • Less than high school diploma
    0.28%

Employment

Employment rates are all based around the total population in 55391 that are over the age of 16.

Currently, the total population of the 55391 zip over the age of 16 is 12,752.

Of those people, a total of 60.50% 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 55391 is 58.90%.

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 55391 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 706 28.60% 5.90%
20 to 24 years 410 77.60% 8.50%
25 to 29 years 383 93.50% 5.00%
30 to 34 years 665 93.10% 5.80%
35 to 44 years 1,631 89.40% 0.10%
45 to 54 years 2,208 78.80% 4.70%
55 to 59 years 1,531 71.60% 0.80%
60 to 64 years 1,302 73.00% 2.00%
65 to 74 years 2,228 33.80% 1.10%
75 years and over 1,688 13.30% 0.00%

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in 55391. 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 11,999 60.30% 2.90%
Black or African American 79 62.00% 2.00%
American Indian and Alaska Native 17 100.00% 0.00%
Asian 439 69.90% 0.00%
Native Hawaiian and Other Pacific Islander 0 0.00% 0.00%
Other 27 81.50% 0.00%
Two or more races 191 48.20% 0.00%
Hispanic or Latino 131 84.00% 0.00%
Not Hispanic or Latino 11,929 60.10% 3.00%

Occupations

In this section we can look at the most common occupations for people living in the 55391 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 55391 is 7,506, with median earnings of $66,385.00.

Women in 55391 are earning approximately 65.20% of the men's earnings.

Population Earnings
Total 7,506 $66,385.00
Male 4,392 $82,479.00
Female 3,114 $53,806.00

Occupations by Category

In the table below, we can break down the population and earnings for 55391 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 1,813 $134,432.00
Business and Financial 689 $89,053.00
Computer and Mathematical 365 $87,750.00
Architecture and Engineering 88 $98,167.00
Life, Physical, and Social Science 57 $47,125.00
Community and Social Service 124 $55,643.00
Legal 229 $114,821.00
Educational and Library 444 $33,913.00
Arts, Design, Entertainment, Sports, and Media 191 $32,344.00
Healthcare Practitioners 497 $76,979.00
Healthcare Support 55 $33,125.00
Firefighters and Protective Service 55 $65,625.00
Law Enforcement 12 $0.00
Food Preparation and Serving 228 $12,813.00
Building and Grounds Cleaning 81 $25,893.00
Personal Care and Service 171 $11,723.00
Sales 1,271 $63,389.00
Office and Administrative Support 466 $52,353.00
Farming, Fishing, and Forestry 12 $0.00
Construction and Extraction 210 $72,500.00
Installation, Maintenance, and Repair 56 $43,500.00
Production 194 $44,265.00
Transportation and Material Moving 101 $64,861.00

Occupations by Gender

Now we can also look at the occupations by category for 55391 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 55391.

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 1,341 $160,337.00 472 $116,667.00
Business and Financial 388 $95,227.00 301 $86,050.00
Computer and Mathematical 318 $86,591.00 47 $89,750.00
Architecture and Engineering 87 $98,250.00 1 $0.00
Life, Physical, and Social Science 10 $0.00 47 $54,688.00
Community and Social Service 23 $46,458.00 101 $56,106.00
Legal 187 $113,750.00 42 $148,333.00
Educational and Library 98 $52,727.00 346 $27,163.00
Arts, Design, Entertainment, Sports, and Media 91 $25,982.00 100 $61,667.00
Healthcare Practitioners 165 $250,001.00 332 $56,111.00
Healthcare Support 23 $0.00 32 $12,857.00
Firefighters and Protective Service 34 $65,909.00 21 $56,932.00
Law Enforcement 12 $0.00 0 $0.00
Food Preparation and Serving 107 $20,450.00 121 $12,297.00
Building and Grounds Cleaning 77 $26,607.00 4 $0.00
Personal Care and Service 43 $32,656.00 128 $10,946.00
Sales 656 $102,667.00 615 $30,391.00
Office and Administrative Support 140 $96,406.00 326 $50,714.00
Farming, Fishing, and Forestry 12 $0.00 0 $0.00
Construction and Extraction 201 $71,989.00 9 $0.00
Installation, Maintenance, and Repair 56 $43,500.00 0 $0.00
Production 146 $42,941.00 48 $110,682.00
Transportation and Material Moving 95 $210,032.00 6 $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 6,557 households in 55391, with an average household size of 2.37 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 4,525 families living in the 55391 zip code with an average family size of 2.89 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 55391:

Married Male Female Nonfamily
Total Households 4,259 160 106 2,032
Average Household Size 2.89 3.56 2.89 1.16
Total Families 4,259 160 106 0
Average Household Size 2.87 3.46 2.72 0

Poverty

Of the 4,525 families living in 55391, 2.10% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 55391:

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 7,295 housing units in 55391.

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

Total Percentage
Occupied 6,557 89.88%
Vacant 738 10.12%

17.85% of the total 7,295 housing units in 55391 are rental units. This is approximately 1,302 properties.

For owner-occupied housing units, a total of 5,229 are occupied by the owner - or 71.68% of the total.

Rental Rates

The median rent for a property in 55391 is $1,436.00.

In the chart below, we can look at the number of rental properties in 55391 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
    26
  • Less than $500
    126
  • $500 to $999
    150
  • $1,000 to $1,499
    426
  • $1,500 to $1,999
    109
  • $2,000 to $2,499
    159
  • $2,500 to $2,999
    57
  • $3,000 or more
    275

Property Value

The median value of a property in 55391 is $632,300.00.

Just like with rental rates, we can look at the number of properties in 55391 that fall into a particular value range.

  • Less than $50,000
    20
  • $50,000 to $99,999
    60
  • $100,000 to $149,999
    21
  • $150,000 to $199,999
    48
  • $200,000 to $299,999
    362
  • $300,000 to $499,999
    1,539
  • $500,000 to $999,999
    1,845
  • $1,000,000 or more
    1,334

Property Age

We can also look at the age of properties in 55391. The chart below shows the number of properties in 55391 that fall into a particular age range.

  • 1939 or earlier
    753
  • 1940 to 1949
    415
  • 1950 to 1959
    1,019
  • 1960 to 1969
    670
  • 1970 to 1979
    999
  • 1980 to 1989
    900
  • 1990 to 1999
    766
  • 2000 to 2009
    591
  • 2010 to 2013
    1,174
  • 2014 or later
    8

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 55391 that have a particular number of vehicles available.

  • No vehicles available
    249
  • 1 vehicle available
    1,640
  • 2 vehicles available
    2,897
  • 3 or more vehicles available
    1,771

Commuting to Work

In this section, we can also look at how people in 55391 get to work. The chart below shows the number of people in 55391 that commute to work in a particular way.

22.4 minutes is the average travel time to work for people in 55391.

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
    246
  • 5 to 9 minutes
    549
  • 10 to 14 minutes
    739
  • 15 to 19 minutes
    1,010
  • 20 to 24 minutes
    1,012
  • 25 to 29 minutes
    567
  • 30 to 34 minutes
    690
  • 35 to 39 minutes
    253
  • 40 to 44 minutes
    265
  • 45 to 59 minutes
    268
  • 60 to 89 minutes
    161
  • 90 or more minutes
    30

Summary

We've covered a LOT of demographic and population data for 55391 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 55391

If you want to see how the population and demographics of 55391 compare to other zip codes in Minnesota, check out the list of all Minnesota zip codes below: