55406 ZIP Code – Minneapolis, Minnesota
55406 is a ZIP code serving Minneapolis, Minnesota in Hennepin County with a population of approximately 35,726 residents. Residents earn a median household income of $87,751, which is near the Minnesota average and above the national figure. Median home values of $313,400 are above the national average, with 66.0% owner-occupied housing (decreasing). . Median rent is $1,224, which is near the U.S. average. Housing consists of 67% single-family (decreasing), 22% apartments (increasing), 10% duplex/multi-family.
The area reports an unemployment rate of 5.3%, near the national average. The poverty rate of 8.2% is below the U.S. average. About 56.0% of residents have completed a four-year degree, well above the national rate. The median age is 39.7, near the national median. Nearby ZIP codes include 55407, 55114, 55417.
ZIP Code 55406 Data
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ZIP 55406 vs. Minnesota vs. U.S.
| Metric | ZIP 55406 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 35k | 6,531 | 10k |
| Median Household Income | $87k | $77k | $73k |
| Median Home Value | $313k | $223k | $258k |
| Median Rent | $1,224 | $954 | $1,088 |
| Median Age | 39.7 | 43.2 | 43.2 |
| Unemployment Rate | 5.3% | 4.0% | 5.0% |
| Poverty Rate | 8.2% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 56.0% | 26.4% | 26.9% |
Demographics Charts
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Nearby ZIP Codes
- 55407 – Minneapolis
- 55114 – Saint Paul
- 55417 – Minneapolis
- 55454 – Minneapolis
- 55455 – Minneapolis
- 55404 – Minneapolis
- 55105 – Saint Paul
- 55414 – Minneapolis
- 55104 – Saint Paul
- 55409 – Minneapolis
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 55407 | MINNEAPOLIS | 36,997 | $74,518 |
| 55114 | SAINT PAUL | 3,588 | $68,242 |
| 55417 | MINNEAPOLIS | 25,900 | $117,475 |
| 55454 | MINNEAPOLIS | 8,892 | $24,660 |
| 55455 | MINNEAPOLIS | 4,985 | Not provided |