55416 ZIP Code – Minneapolis, Minnesota
ZIP code 55416 is a large ZIP code located in Minneapolis, Minnesota, within Hennepin County with a population of approximately 34,715 residents. The median household income is $99,383 — above the Minnesota average and above the national average. At $434,600, median home values run well above the national average, with 49.9% owner-occupied housing (decreasing). . Median rent is $1,623, which is above the U.S. average. Housing consists of 44% single-family (decreasing), 54% apartments (increasing).
At 2.9%, the unemployment rate is well below the national figure. About 5.4% of residents live below the poverty line, well below the national rate. Bachelor's degree attainment is 73.2%, well above the national average. At 35.8, the median age is below the national figure. The surrounding area includes ZIP codes 55426, 55405, 55408.
ZIP Code 55416 Data
See more demographics for:
ZIP 55416 vs. Minnesota vs. U.S.
| Metric | ZIP 55416 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 34k | 6,531 | 10k |
| Median Household Income | $99k | $77k | $73k |
| Median Home Value | $434k | $223k | $258k |
| Median Rent | $1,623 | $954 | $1,088 |
| Median Age | 35.8 | 43.2 | 43.2 |
| Unemployment Rate | 2.9% | 4.0% | 5.0% |
| Poverty Rate | 5.4% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 73.2% | 26.4% | 26.9% |
Demographics Charts
Race & Ethnicity
Gender
Education Level (adults 25+)
Nearby ZIP Codes
- 55426 – Minneapolis
- 55405 – Minneapolis
- 55408 – Minneapolis
- 55410 – Minneapolis
- 55403 – Minneapolis
- 55424 – Minneapolis
- 55409 – Minneapolis
- 55436 – Minneapolis
- 55402 – Minneapolis
- 55404 – Minneapolis
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 55426 | MINNEAPOLIS | 25,491 | $92,245 |
| 55405 | MINNEAPOLIS | 17,099 | $66,901 |
| 55408 | MINNEAPOLIS | 32,312 | $70,158 |
| 55410 | MINNEAPOLIS | 20,765 | $146,724 |
| 55403 | MINNEAPOLIS | 17,161 | $58,895 |