55614 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 55614, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

55614 is a zip code in Lake County, Minnesota, which covers County subdivisions not defined, Beaver Bay, Beaver Bay, Crystal Bay, Lake No. 1, Silver Bay, Silver Creek, and Stony River, with a total population of 2,267 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 55614 zip code. The most basic data is the total population, which is the total number of people living in 55614.

The estimated population of people living in 55614 is 2,267, with a median age of 52.2.

We can look back at data from previous years to see how the population in the 55614 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
2,267
+4.71%
-1.82%
2020
2,165
 -6.24% -
2019
2,309
 -0.77% -
2018
2,327
+0.78%
-
2017
2,309
 - -

Population of 55614 by Race and Ethnicity

How much has the race and ethnicity of the population in the 55614 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
91.5%
92.4%
 -0.97%
Black/African American
0%
1.1%
 -100.00%
Native
0.2%
0.1%
 +100.00%
Hispanic
1.5%
3.6%
 -58.33%
Asian
0.8%
0%
 0.00%
Hawaiian/Pacific Islander
0%
0.2%
 -100.00%
Two Or More Races
5.6%
2.3%
 +143.48%
Other
0.4%
0.3%
 +33.33%

This data can be very important for anybody studying the 55614 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 55614 by Age and Gender

We can also monitor the change of the age and gender in the 55614 zip code to track track trends in the population over time.

We can see how the population in 55614 has changed over the last 5 years by median age as a total, and also by male and female.

Year Total Male Female
2021 52.2 -4.4% 53.1 -1.48% 51.5 -6.02%
2020 54.6 +0.92% 53.9 +3.65% 54.8 0%
2019 54.1 +1.12% 52 +4.21% 54.8 -0.36%
2018 53.5 -0.93% 49.9 -6.03% 55 +0.73%
2017 54 - 53.1 - 54.6 -

The median age of the 55614 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 55614 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 9 100 -17.93% 115 -20.89% 83 89
10 to 19 124 0.19% 89 +30.53% 113 107
20 to 29 79 +37.72% 136 -63.99% 97 58
30 to 39 82 +82.65% 74 +62.02% 173 131
40 to 49 114 3.59% 86 +90.11% 83 163
50 to 59 215 -35.19% 210 -31.64% 147 140
60 to 69 217 +5.99% 185 -16.44% 222 151
70+ 189 +15.75% 294 +2.23% 215 295

Median Household Income

The latest median household income for the 55614 zip code is $66,364.00.

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 55614.

  • Under 25
    $88,250.00
  • 25 to 44
    $92,717.00
  • 45 to 64
    $62,697.00
  • 65 and over
    $60,000.00

Average Household Income

Whenever we ask what is the average household income in the 55614 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 55614, 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 55614 is currently $84,260.00.

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.

4.95% of households in 55614 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 55614 against other zip codes.

  • Less than $24,999
    16.46%
  • $25,000 to $49,999
    22.75%
  • $50,000 to $74,999
    16.19%
  • $75,000 to $99,999
    13.58%
  • $100,000 to $149,999
    21.31%
  • $150,000 to $199,999
    4.77%
  • $200,000 or more
    4.95%

Per Capita Income

The per capita income in 55614 is $41,596.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 55614 by the total population of 55614.

This is different from the average or mean income because it includes and accounts for all people living in the 55614 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 55614 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
    9.52%
  • Bachelor's degree
    35.26%
  • Some college or associate's degree
    15.38%
  • High school diploma or equivalent
    37.45%
  • Less than high school diploma
    2.38%

Employment

Employment rates are all based around the total population in 55614 that are over the age of 16.

Currently, the total population of the 55614 zip over the age of 16 is 1,937.

Of those people, a total of 54.80% 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 55614 is 54.10%.

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 55614 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 62 56.50% 0.00%
20 to 24 years 96 100.00% 0.00%
25 to 29 years 59 79.70% 8.50%
30 to 34 years 193 93.30% 0.00%
35 to 44 years 179 90.50% 0.00%
45 to 54 years 281 82.90% 0.00%
55 to 59 years 184 62.50% 0.00%
60 to 64 years 202 58.90% 9.20%
65 to 74 years 352 13.40% 0.00%
75 years and over 329 8.50% 0.00%

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in 55614. 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 1,811 54.10% 1.50%
Black or African American 0 0.00% 0.00%
American Indian and Alaska Native 4 100.00% 0.00%
Asian 18 0.00% 0.00%
Native Hawaiian and Other Pacific Islander 0 0.00% 0.00%
Other 8 100.00% 0.00%
Two or more races 96 72.90% 0.00%
Hispanic or Latino 35 60.00% 0.00%
Not Hispanic or Latino 1,787 53.70% 1.60%

Occupations

In this section we can look at the most common occupations for people living in the 55614 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 55614 is 1,047, with median earnings of $43,937.00.

Women in 55614 are earning approximately 58.90% of the men's earnings.

Population Earnings
Total 1,047 $43,937.00
Male 557 $59,267.00
Female 490 $34,896.00

Occupations by Category

In the table below, we can break down the population and earnings for 55614 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 109 $60,368.00
Business and Financial 28 $45,625.00
Computer and Mathematical 0 $0.00
Architecture and Engineering 13 $0.00
Life, Physical, and Social Science 17 $167,639.00
Community and Social Service 33 $49,219.00
Legal 0 $0.00
Educational and Library 62 $62,188.00
Arts, Design, Entertainment, Sports, and Media 33 $66,442.00
Healthcare Practitioners 90 $44,634.00
Healthcare Support 59 $30,938.00
Firefighters and Protective Service 14 $0.00
Law Enforcement 10 $0.00
Food Preparation and Serving 62 $8,333.00
Building and Grounds Cleaning 50 $11,750.00
Personal Care and Service 87 $41,250.00
Sales 117 $46,750.00
Office and Administrative Support 65 $46,750.00
Farming, Fishing, and Forestry 7 $0.00
Construction and Extraction 73 $73,250.00
Installation, Maintenance, and Repair 21 $40,972.00
Production 76 $44,167.00
Transportation and Material Moving 10 $0.00

Occupations by Gender

Now we can also look at the occupations by category for 55614 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 55614.

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 67 $61,354.00 42 $56,667.00
Business and Financial 8 $0.00 20 $31,750.00
Computer and Mathematical 0 $0.00 0 $0.00
Architecture and Engineering 13 $0.00 0 $0.00
Life, Physical, and Social Science 15 $167,917.00 2 $0.00
Community and Social Service 13 $18,750.00 20 $49,688.00
Legal 0 $0.00 0 $0.00
Educational and Library 17 $75,139.00 45 $24,375.00
Arts, Design, Entertainment, Sports, and Media 11 $0.00 22 $0.00
Healthcare Practitioners 48 $0.00 42 $60,625.00
Healthcare Support 0 $0.00 59 $30,938.00
Firefighters and Protective Service 14 $0.00 0 $0.00
Law Enforcement 10 $0.00 0 $0.00
Food Preparation and Serving 17 $0.00 45 $15,694.00
Building and Grounds Cleaning 25 $31,964.00 25 $10,375.00
Personal Care and Service 21 $0.00 66 $40,667.00
Sales 59 $53,603.00 58 $29,643.00
Office and Administrative Support 36 $74,000.00 29 $32,708.00
Farming, Fishing, and Forestry 7 $0.00 0 $0.00
Construction and Extraction 73 $73,250.00 0 $0.00
Installation, Maintenance, and Repair 21 $40,972.00 0 $0.00
Production 64 $70,250.00 12 $16,667.00
Transportation and Material Moving 10 $0.00 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 1,112 households in 55614, with an average household size of 1.97 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 663 families living in the 55614 zip code with an average family size of 2.5 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 55614:

Married Male Female Nonfamily
Total Households 543 14 106 449
Average Household Size 2.47 2.93 2.79 1.15
Total Families 543 14 106 0
Average Household Size 2.47 2.36 2.67 0

Poverty

Of the 663 families living in 55614, 1.80% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 55614:

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 1,494 housing units in 55614.

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

Total Percentage
Occupied 1,112 74.43%
Vacant 382 25.57%

7.10% of the total 1,494 housing units in 55614 are rental units. This is approximately 106 properties.

For owner-occupied housing units, a total of 981 are occupied by the owner - or 65.66% of the total.

Rental Rates

The median rent for a property in 55614 is $873.00.

In the chart below, we can look at the number of rental properties in 55614 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
    25
  • Less than $500
    9
  • $500 to $999
    70
  • $1,000 to $1,499
    11
  • $1,500 to $1,999
    0
  • $2,000 to $2,499
    12
  • $2,500 to $2,999
    0
  • $3,000 or more
    4

Property Value

The median value of a property in 55614 is $121,300.00.

Just like with rental rates, we can look at the number of properties in 55614 that fall into a particular value range.

  • Less than $50,000
    39
  • $50,000 to $99,999
    321
  • $100,000 to $149,999
    210
  • $150,000 to $199,999
    222
  • $200,000 to $299,999
    82
  • $300,000 to $499,999
    23
  • $500,000 to $999,999
    59
  • $1,000,000 or more
    25

Property Age

We can also look at the age of properties in 55614. The chart below shows the number of properties in 55614 that fall into a particular age range.

  • 1939 or earlier
    29
  • 1940 to 1949
    46
  • 1950 to 1959
    602
  • 1960 to 1969
    245
  • 1970 to 1979
    209
  • 1980 to 1989
    101
  • 1990 to 1999
    62
  • 2000 to 2009
    160
  • 2010 to 2013
    31
  • 2014 or later
    9

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 55614 that have a particular number of vehicles available.

  • No vehicles available
    68
  • 1 vehicle available
    313
  • 2 vehicles available
    450
  • 3 or more vehicles available
    281

Commuting to Work

In this section, we can also look at how people in 55614 get to work. The chart below shows the number of people in 55614 that commute to work in a particular way.

22.4 minutes is the average travel time to work for people in 55614.

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
    128
  • 5 to 9 minutes
    301
  • 10 to 14 minutes
    125
  • 15 to 19 minutes
    81
  • 20 to 24 minutes
    46
  • 25 to 29 minutes
    6
  • 30 to 34 minutes
    49
  • 35 to 39 minutes
    31
  • 40 to 44 minutes
    6
  • 45 to 59 minutes
    53
  • 60 to 89 minutes
    121
  • 90 or more minutes
    23

Summary

We've covered a LOT of demographic and population data for 55614 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 55614

If you want to see how the population and demographics of 55614 compare to other zip codes in Minnesota, check out the list of all Minnesota zip codes below: