56024 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 56024, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

56024 is a zip code in Blue Earth County, Minnesota, which covers Eagle Lake, Le Ray, and Mankato, with a total population of 3,503 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 56024 zip code. The most basic data is the total population, which is the total number of people living in 56024.

The estimated population of people living in 56024 is 3,503, with a median age of 32.8.

We can look back at data from previous years to see how the population in the 56024 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
3,503
+2.13%
+10.68%
2020
3,430
+3.59%
-
2019
3,311
+0.85%
-
2018
3,283
+3.73%
-
2017
3,165
 - -

Population of 56024 by Race and Ethnicity

How much has the race and ethnicity of the population in the 56024 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
85.7%
87.6%
 -2.17%
Black/African American
0.6%
7.1%
 -91.55%
Native
0%
0.5%
 -100.00%
Hispanic
5.3%
1.9%
 +178.95%
Asian
0.4%
0.2%
 +100.00%
Hawaiian/Pacific Islander
0%
0%
 0.00%
Two Or More Races
8.1%
2.7%
 +200.00%
Other
0%
0%
 0.00%

This data can be very important for anybody studying the 56024 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 56024 by Age and Gender

We can also monitor the change of the age and gender in the 56024 zip code to track track trends in the population over time.

We can see how the population in 56024 has changed over the last 5 years by median age as a total, and also by male and female.

Year Total Male Female
2021 32.8 -2.67% 29 -9.09% 35.9 +0.28%
2020 33.7 +1.81% 31.9 -3.92% 35.8 +8.81%
2019 33.1 -0.3% 33.2 -0.3% 32.9 -0.9%
2018 33.2 +3.75% 33.3 +1.52% 33.2 +10.67%
2017 32 - 32.8 - 30 -

The median age of the 56024 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 56024 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 9 244 +34.57% 291 +5.23% 338 295
10 to 19 176 +78.08% 226 -36.62% 354 145
20 to 29 262 -2.63% 295 -17.72% 253 243
30 to 39 291 +1.58% 257 +7.67% 294 273
40 to 49 176 -0.01% 132 +13.64% 173 148
50 to 59 202 -14.39% 215 +2.12% 157 216
60 to 69 135 +11% 109 +85.39% 149 229
70+ 57 +69% 97 +41.92% 107 129

Median Household Income

The latest median household income for the 56024 zip code is $80,739.00.

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 56024.

  • Under 25
    $69,539.00
  • 25 to 44
    $89,605.00
  • 45 to 64
    $83,250.00
  • 65 and over
    $70,511.00

Average Household Income

Whenever we ask what is the average household income in the 56024 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 56024, 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 56024 is currently $93,685.00.

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.

3.47% of households in 56024 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 56024 against other zip codes.

  • Less than $24,999
    8.15%
  • $25,000 to $49,999
    18.16%
  • $50,000 to $74,999
    18.00%
  • $75,000 to $99,999
    20.90%
  • $100,000 to $149,999
    25.18%
  • $150,000 to $199,999
    6.13%
  • $200,000 or more
    3.47%

Per Capita Income

The per capita income in 56024 is $34,109.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 56024 by the total population of 56024.

This is different from the average or mean income because it includes and accounts for all people living in the 56024 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 56024 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
    7.23%
  • Bachelor's degree
    37.72%
  • Some college or associate's degree
    14.09%
  • High school diploma or equivalent
    39.81%
  • Less than high school diploma
    1.16%

Employment

Employment rates are all based around the total population in 56024 that are over the age of 16.

Currently, the total population of the 56024 zip over the age of 16 is 2,530.

Of those people, a total of 77.30% 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 56024 is 72.50%.

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 56024 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 159 71.10% 36.30%
20 to 24 years 237 88.60% 2.90%
25 to 29 years 259 90.70% 0.00%
30 to 34 years 289 85.80% 2.60%
35 to 44 years 433 94.70% 9.30%
45 to 54 years 286 85.00% 0.00%
55 to 59 years 253 96.00% 0.80%
60 to 64 years 262 81.30% 0.90%
65 to 74 years 202 17.30% 0.00%
75 years and over 150 4.00% 66.70%

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in 56024. 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 2,383 76.70% 5.20%
Black or African American 15 40.00% 0.00%
American Indian and Alaska Native 0 0.00% 0.00%
Asian 13 100.00% 0.00%
Native Hawaiian and Other Pacific Islander 0 0.00% 0.00%
Other 7 100.00% 0.00%
Two or more races 112 92.00% 5.80%
Hispanic or Latino 90 82.20% 0.00%
Not Hispanic or Latino 2,339 76.80% 5.20%

Occupations

In this section we can look at the most common occupations for people living in the 56024 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 56024 is 1,834, with median earnings of $44,971.00.

Women in 56024 are earning approximately 71.90% of the men's earnings.

Population Earnings
Total 1,834 $44,971.00
Male 940 $53,417.00
Female 894 $38,417.00

Occupations by Category

In the table below, we can break down the population and earnings for 56024 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 156 $60,556.00
Business and Financial 89 $53,917.00
Computer and Mathematical 57 $82,750.00
Architecture and Engineering 23 $51,635.00
Life, Physical, and Social Science 12 $61,500.00
Community and Social Service 49 $46,319.00
Legal 0 $0.00
Educational and Library 74 $43,611.00
Arts, Design, Entertainment, Sports, and Media 70 $58,098.00
Healthcare Practitioners 165 $61,875.00
Healthcare Support 139 $25,469.00
Firefighters and Protective Service 39 $52,981.00
Law Enforcement 44 $43,125.00
Food Preparation and Serving 46 $6,818.00
Building and Grounds Cleaning 43 $16,607.00
Personal Care and Service 64 $21,250.00
Sales 160 $36,029.00
Office and Administrative Support 285 $40,660.00
Farming, Fishing, and Forestry 15 $0.00
Construction and Extraction 66 $40,833.00
Installation, Maintenance, and Repair 47 $58,750.00
Production 97 $43,194.00
Transportation and Material Moving 31 $48,958.00

Occupations by Gender

Now we can also look at the occupations by category for 56024 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 56024.

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 120 $62,361.00 36 $42,000.00
Business and Financial 58 $62,500.00 31 $47,188.00
Computer and Mathematical 57 $82,750.00 0 $0.00
Architecture and Engineering 23 $51,635.00 0 $0.00
Life, Physical, and Social Science 4 $0.00 8 $0.00
Community and Social Service 16 $58,929.00 33 $45,764.00
Legal 0 $0.00 0 $0.00
Educational and Library 29 $43,472.00 45 $48,750.00
Arts, Design, Entertainment, Sports, and Media 46 $0.00 24 $0.00
Healthcare Practitioners 33 $79,250.00 132 $51,786.00
Healthcare Support 40 $22,000.00 99 $27,031.00
Firefighters and Protective Service 26 $51,389.00 13 $0.00
Law Enforcement 32 $44,063.00 12 $0.00
Food Preparation and Serving 19 $22,750.00 27 $4,792.00
Building and Grounds Cleaning 30 $16,429.00 13 $0.00
Personal Care and Service 4 $0.00 60 $20,625.00
Sales 84 $37,813.00 76 $29,833.00
Office and Administrative Support 52 $46,250.00 233 $40,363.00
Farming, Fishing, and Forestry 15 $0.00 0 $0.00
Construction and Extraction 66 $40,833.00 0 $0.00
Installation, Maintenance, and Repair 47 $58,750.00 0 $0.00
Production 68 $55,500.00 29 $33,250.00
Transportation and Material Moving 31 $48,958.00 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 1,239 households in 56024, with an average household size of 2.82 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 894 families living in the 56024 zip code with an average family size of 3.13 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 56024:

Married Male Female Nonfamily
Total Households 628 93 173 345
Average Household Size 3.18 3.45 3.87 1.48
Total Families 628 93 173 0
Average Household Size 3.15 2.97 3.15 0

Poverty

Of the 894 families living in 56024, 6.40% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 56024:

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 1,258 housing units in 56024.

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

Total Percentage
Occupied 1,239 98.49%
Vacant 19 1.51%

31.40% of the total 1,258 housing units in 56024 are rental units. This is approximately 395 properties.

For owner-occupied housing units, a total of 820 are occupied by the owner - or 65.18% of the total.

Rental Rates

The median rent for a property in 56024 is $1,217.00.

In the chart below, we can look at the number of rental properties in 56024 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
    24
  • Less than $500
    4
  • $500 to $999
    118
  • $1,000 to $1,499
    205
  • $1,500 to $1,999
    52
  • $2,000 to $2,499
    16
  • $2,500 to $2,999
    0
  • $3,000 or more
    0

Property Value

The median value of a property in 56024 is $215,500.00.

Just like with rental rates, we can look at the number of properties in 56024 that fall into a particular value range.

  • Less than $50,000
    35
  • $50,000 to $99,999
    31
  • $100,000 to $149,999
    86
  • $150,000 to $199,999
    205
  • $200,000 to $299,999
    273
  • $300,000 to $499,999
    139
  • $500,000 to $999,999
    24
  • $1,000,000 or more
    27

Property Age

We can also look at the age of properties in 56024. The chart below shows the number of properties in 56024 that fall into a particular age range.

  • 1939 or earlier
    96
  • 1940 to 1949
    47
  • 1950 to 1959
    77
  • 1960 to 1969
    38
  • 1970 to 1979
    228
  • 1980 to 1989
    136
  • 1990 to 1999
    116
  • 2000 to 2009
    279
  • 2010 to 2013
    241
  • 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 56024 that have a particular number of vehicles available.

  • No vehicles available
    17
  • 1 vehicle available
    309
  • 2 vehicles available
    573
  • 3 or more vehicles available
    340

Commuting to Work

In this section, we can also look at how people in 56024 get to work. The chart below shows the number of people in 56024 that commute to work in a particular way.

18.5 minutes is the average travel time to work for people in 56024.

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
    41
  • 5 to 9 minutes
    171
  • 10 to 14 minutes
    453
  • 15 to 19 minutes
    570
  • 20 to 24 minutes
    141
  • 25 to 29 minutes
    60
  • 30 to 34 minutes
    76
  • 35 to 39 minutes
    0
  • 40 to 44 minutes
    23
  • 45 to 59 minutes
    54
  • 60 to 89 minutes
    89
  • 90 or more minutes
    5

Summary

We've covered a LOT of demographic and population data for 56024 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 56024

If you want to see how the population and demographics of 56024 compare to other zip codes in Minnesota, check out the list of all Minnesota zip codes below: