55024 ZIP Code – Farmington, Minnesota
55024 is a large ZIP code in Farmington, Minnesota, part of Dakota County with a population of approximately 36,697 residents. The median household income of $116,536 is well above the Minnesota average and well above the national average. The median home value of $329,600 is above the national average, with 88.7% owner-occupied housing (increasing). ; median rent of $1,275 is similarly above the national average. Housing consists of 90% single-family (decreasing).
The unemployment rate is 3.1%, below the national average. An estimated 3.0% of the population falls below the poverty line, well below the national figure. 36.9% of adults hold a bachelor's degree or higher, above the U.S. average. The median age is 36.2, below the national median. Neighboring ZIP codes include 55044, 55065, 55068.
ZIP Code 55024 Data
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ZIP 55024 vs. Minnesota vs. U.S.
| Metric | ZIP 55024 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 36k | 6,531 | 10k |
| Median Household Income | $116k | $77k | $73k |
| Median Home Value | $329k | $223k | $258k |
| Median Rent | $1,275 | $954 | $1,088 |
| Median Age | 36.2 | 43.2 | 43.2 |
| Unemployment Rate | 3.1% | 4.0% | 5.0% |
| Poverty Rate | 3.0% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 36.9% | 26.4% | 26.9% |
Demographics Charts
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Education Level (adults 25+)
Nearby ZIP Codes
- 55044 – Lakeville
- 55065 – Randolph
- 55068 – Rosemount
- 55031 – Hampton
- 55124 – Saint Paul
- 55085 – Vermillion
- 55306 – Burnsville
- 55057 – Northfield
- 55054 – Elko New Market
- 55020 – Elko New Market
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 55044 | LAKEVILLE | 61,134 | $133,085 |
| 55065 | RANDOLPH | 1,294 | $111,250 |
| 55068 | ROSEMOUNT | 31,701 | $122,785 |
| 55031 | HAMPTON | 1,880 | $105,833 |
| 55124 | SAINT PAUL | 55,594 | $97,588 |