55388 ZIP Code – Watertown, Minnesota
55388 is a mid-sized ZIP code in Watertown, Minnesota, part of Carver County with a population of approximately 5,997 residents. Residents earn a median household income of $96,198, which is above the Minnesota average and above the national figure. Median home values of $303,700 are above the national average, with 84.5% owner-occupied housing (increasing). ; median rent of $925 is similarly near the national average. Housing consists of 88% single-family (decreasing), 6% apartments (increasing).
The unemployment rate is 0.6%, well below the national average. About 9.6% of residents live below the poverty line, below the national rate. 23.0% of adults hold a bachelor's degree or higher, near the U.S. average. The population has a median age of 35.7, below the national median. ZIP codes in the surrounding area include 55360, 55328, 55375.
ZIP Code 55388 Data
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ZIP 55388 vs. Minnesota vs. U.S.
| Metric | ZIP 55388 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 5,997 | 6,531 | 10k |
| Median Household Income | $96k | $77k | $73k |
| Median Home Value | $303k | $223k | $258k |
| Median Rent | $925 | $954 | $1,088 |
| Median Age | 35.7 | 43.2 | 43.2 |
| Unemployment Rate | 0.6% | 4.0% | 5.0% |
| Poverty Rate | 9.6% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 23.0% | 26.4% | 26.9% |
Demographics Charts
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Education Level (adults 25+)
Nearby ZIP Codes
- 55360 – Mayer
- 55328 – Delano
- 55375 – Saint Bonifacius
- 55363 – Montrose
- 55387 – Waconia
- 55367 – New Germany
- 55359 – Maple Plain
- 55364 – Mound
- 55397 – Young America
- 55390 – Waverly
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 55360 | MAYER | 3,204 | $114,563 |
| 55328 | DELANO | 9,730 | $109,098 |
| 55375 | SAINT BONIFACIUS | 4,213 | $115,685 |
| 55363 | MONTROSE | 5,508 | $88,581 |
| 55387 | WACONIA | 14,409 | $104,969 |