55406 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 55406, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

55406 is a zip code in Hennepin County, Minnesota, which covers Minneapolis, with a total population of 35,997 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 55406 zip code. The most basic data is the total population, which is the total number of people living in 55406.

The estimated population of people living in 55406 is 35,997, with a median age of 38.8.

We can look back at data from previous years to see how the population in the 55406 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
35,997
+6.79%
+8.11%
2020
33,709
+0.44%
-
2019
33,563
+0.32%
-
2018
33,456
+0.47%
-
2017
33,298
 - -

Population of 55406 by Race and Ethnicity

How much has the race and ethnicity of the population in the 55406 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
69.1%
74.5%
 -7.25%
Black/African American
14%
11%
 +27.27%
Native
0.8%
0.5%
 +60.00%
Hispanic
7.9%
6.6%
 +19.70%
Asian
2.8%
2.6%
 +7.69%
Hawaiian/Pacific Islander
0.1%
0%
 0.00%
Two Or More Races
4.8%
4.5%
 +6.67%
Other
0.5%
0.3%
 +66.67%

This data can be very important for anybody studying the 55406 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 55406 by Age and Gender

We can also monitor the change of the age and gender in the 55406 zip code to track track trends in the population over time.

We can see how the population in 55406 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 -2.02% 37.4 -1.06% 39.9 -3.86%
2020 39.6 +2.59% 37.8 +2.72% 41.5 +3.49%
2019 38.6 +1.31% 36.8 +0.55% 40.1 +1.26%
2018 38.1 -0.52% 36.6 -1.08% 39.6 +1.54%
2017 38.3 - 37 - 39 -

The median age of the 55406 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 55406 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 2,135 +6.21% 1,625 +17.06% 2,233 1,889
10 to 19 1,414 +13.26% 1,375 +17.03% 1,594 1,596
20 to 29 2,332 -10.82% 1,981 +7.43% 2,086 2,122
30 to 39 3,182 +17.14% 3,694 -5.6% 3,752 3,482
40 to 49 2,307 +10.52% 2,144 +1.87% 2,540 2,180
50 to 59 2,140 +7.46% 2,279 +4.91% 2,288 2,380
60 to 69 2,075 0.39% 2,268 +13.7% 2,057 2,579
70+ 923 +37.37% 1,424 +30.53% 1,312 1,907

Median Household Income

The latest median household income for the 55406 zip code is $77,888.00.

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 55406.

  • Under 25
    $65,750.00
  • 25 to 44
    $85,712.00
  • 45 to 64
    $88,630.00
  • 65 and over
    $54,415.00

Average Household Income

Whenever we ask what is the average household income in the 55406 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 55406, 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 55406 is currently $95,346.00.

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.

8.01% of households in 55406 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 55406 against other zip codes.

  • Less than $24,999
    15.33%
  • $25,000 to $49,999
    15.42%
  • $50,000 to $74,999
    17.09%
  • $75,000 to $99,999
    16.49%
  • $100,000 to $149,999
    17.30%
  • $150,000 to $199,999
    10.36%
  • $200,000 or more
    8.01%

Per Capita Income

The per capita income in 55406 is $44,171.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 55406 by the total population of 55406.

This is different from the average or mean income because it includes and accounts for all people living in the 55406 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 55406 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
    25.57%
  • Bachelor's degree
    48.07%
  • Some college or associate's degree
    5.91%
  • High school diploma or equivalent
    18.72%
  • Less than high school diploma
    1.73%

Employment

Employment rates are all based around the total population in 55406 that are over the age of 16.

Currently, the total population of the 55406 zip over the age of 16 is 29,817.

Of those people, a total of 73.60% 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 55406 is 70.10%.

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 55406 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 1,132 42.60% 27.50%
20 to 24 years 875 86.10% 4.20%
25 to 29 years 3,333 89.70% 4.60%
30 to 34 years 3,610 94.30% 4.40%
35 to 44 years 6,098 91.50% 3.40%
45 to 54 years 4,375 87.20% 4.30%
55 to 59 years 2,539 82.00% 3.80%
60 to 64 years 2,649 62.80% 7.50%
65 to 74 years 3,381 32.00% 2.40%
75 years and over 1,825 4.50% 0.00%

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in 55406. 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 22,569 74.30% 4.40%
Black or African American 3,631 63.80% 5.70%
American Indian and Alaska Native 272 68.40% 6.50%
Asian 974 83.00% 2.70%
Native Hawaiian and Other Pacific Islander 27 0.00% 0.00%
Other 1,013 73.20% 5.80%
Two or more races 1,331 84.20% 8.10%
Hispanic or Latino 2,030 79.10% 3.40%
Not Hispanic or Latino 21,786 74.20% 4.50%

Occupations

In this section we can look at the most common occupations for people living in the 55406 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 55406 is 20,895, with median earnings of $50,338.00.

Women in 55406 are earning approximately 97.40% of the men's earnings.

Population Earnings
Total 20,895 $50,338.00
Male 10,435 $51,197.00
Female 10,460 $49,879.00

Occupations by Category

In the table below, we can break down the population and earnings for 55406 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 2,206 $78,846.00
Business and Financial 1,837 $76,895.00
Computer and Mathematical 1,241 $80,947.00
Architecture and Engineering 646 $87,956.00
Life, Physical, and Social Science 460 $63,036.00
Community and Social Service 563 $56,830.00
Legal 347 $101,806.00
Educational and Library 2,064 $54,035.00
Arts, Design, Entertainment, Sports, and Media 1,094 $51,818.00
Healthcare Practitioners 1,511 $61,978.00
Healthcare Support 698 $24,375.00
Firefighters and Protective Service 200 $28,125.00
Law Enforcement 46 $29,762.00
Food Preparation and Serving 1,105 $22,356.00
Building and Grounds Cleaning 538 $31,786.00
Personal Care and Service 374 $21,765.00
Sales 1,425 $34,821.00
Office and Administrative Support 2,091 $42,200.00
Farming, Fishing, and Forestry 31 $18,977.00
Construction and Extraction 472 $46,250.00
Installation, Maintenance, and Repair 248 $25,000.00
Production 749 $40,091.00
Transportation and Material Moving 670 $31,275.00

Occupations by Gender

Now we can also look at the occupations by category for 55406 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 55406.

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 1,097 $78,274.00 1,109 $80,108.00
Business and Financial 854 $77,287.00 983 $75,809.00
Computer and Mathematical 971 $90,491.00 270 $67,200.00
Architecture and Engineering 433 $82,048.00 213 $88,656.00
Life, Physical, and Social Science 149 $84,792.00 311 $62,392.00
Community and Social Service 76 $55,833.00 487 $57,102.00
Legal 237 $109,063.00 110 $91,250.00
Educational and Library 762 $63,750.00 1,302 $52,716.00
Arts, Design, Entertainment, Sports, and Media 654 $54,833.00 440 $48,571.00
Healthcare Practitioners 381 $78,542.00 1,130 $61,542.00
Healthcare Support 170 $28,654.00 528 $23,906.00
Firefighters and Protective Service 193 $27,813.00 7 $0.00
Law Enforcement 42 $29,524.00 4 $0.00
Food Preparation and Serving 691 $26,439.00 414 $13,971.00
Building and Grounds Cleaning 279 $32,917.00 259 $25,125.00
Personal Care and Service 85 $10,750.00 289 $23,616.00
Sales 709 $39,938.00 716 $21,667.00
Office and Administrative Support 681 $49,757.00 1,410 $41,615.00
Farming, Fishing, and Forestry 11 $0.00 20 $17,727.00
Construction and Extraction 417 $43,424.00 55 $157,917.00
Installation, Maintenance, and Repair 180 $41,667.00 68 $6,250.00
Production 614 $40,820.00 135 $29,420.00
Transportation and Material Moving 530 $32,581.00 140 $26,274.00

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 16,397 households in 55406, with an average household size of 2.19 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 8,228 families living in the 55406 zip code with an average family size of 2.88 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 55406:

Married Male Female Nonfamily
Total Households 6,202 603 1,423 8,169
Average Household Size 2.96 3 3.1 1.39
Total Families 6,202 603 1,423 0
Average Household Size 2.94 2.53 2.77 0

Poverty

Of the 8,228 families living in 55406, 6.60% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 55406:

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 16,975 housing units in 55406.

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

Total Percentage
Occupied 16,397 96.59%
Vacant 578 3.41%

32.27% of the total 16,975 housing units in 55406 are rental units. This is approximately 5,478 properties.

For owner-occupied housing units, a total of 10,737 are occupied by the owner - or 63.25% of the total.

Rental Rates

The median rent for a property in 55406 is $1,101.00.

In the chart below, we can look at the number of rental properties in 55406 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
    182
  • Less than $500
    676
  • $500 to $999
    1,641
  • $1,000 to $1,499
    1,808
  • $1,500 to $1,999
    957
  • $2,000 to $2,499
    346
  • $2,500 to $2,999
    12
  • $3,000 or more
    38

Property Value

The median value of a property in 55406 is $271,600.00.

Just like with rental rates, we can look at the number of properties in 55406 that fall into a particular value range.

  • Less than $50,000
    112
  • $50,000 to $99,999
    45
  • $100,000 to $149,999
    698
  • $150,000 to $199,999
    1,401
  • $200,000 to $299,999
    4,314
  • $300,000 to $499,999
    3,538
  • $500,000 to $999,999
    557
  • $1,000,000 or more
    72

Property Age

We can also look at the age of properties in 55406. The chart below shows the number of properties in 55406 that fall into a particular age range.

  • 1939 or earlier
    9,997
  • 1940 to 1949
    949
  • 1950 to 1959
    1,178
  • 1960 to 1969
    1,242
  • 1970 to 1979
    1,150
  • 1980 to 1989
    546
  • 1990 to 1999
    347
  • 2000 to 2009
    958
  • 2010 to 2013
    608
  • 2014 or later
    0

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 55406 that have a particular number of vehicles available.

  • No vehicles available
    1,748
  • 1 vehicle available
    7,006
  • 2 vehicles available
    5,974
  • 3 or more vehicles available
    1,669

Commuting to Work

In this section, we can also look at how people in 55406 get to work. The chart below shows the number of people in 55406 that commute to work in a particular way.

22.8 minutes is the average travel time to work for people in 55406.

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
    209
  • 5 to 9 minutes
    1,077
  • 10 to 14 minutes
    2,573
  • 15 to 19 minutes
    3,360
  • 20 to 24 minutes
    3,544
  • 25 to 29 minutes
    1,600
  • 30 to 34 minutes
    2,638
  • 35 to 39 minutes
    450
  • 40 to 44 minutes
    469
  • 45 to 59 minutes
    908
  • 60 to 89 minutes
    301
  • 90 or more minutes
    181

Summary

We've covered a LOT of demographic and population data for 55406 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 55406

If you want to see how the population and demographics of 55406 compare to other zip codes in Minnesota, check out the list of all Minnesota zip codes below: