55706 ZIP Code – Babbitt, Minnesota
55706 is a small ZIP code in Babbitt, Minnesota, part of St. Louis County with a population of approximately 1,716 residents. The median household income is $56,250 — below the Minnesota average and below the national average. Median home values of $94,300 are well below the national average, with 89.7% owner-occupied housing (increasing). ; median rent of $684 is similarly below the national average. Housing consists of 95% single-family (increasing).
Unemployment stands at 3.7%, which is below the U.S. rate. An estimated 15.0% of the population falls below the poverty line, near the national figure. 21.6% of adults hold a bachelor's degree or higher, below the U.S. average. At 55.6, the median age is above the national figure. Neighboring ZIP codes include 55750, 55732, 55782.
ZIP Code 55706 Data
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ZIP 55706 vs. Minnesota vs. U.S.
| Metric | ZIP 55706 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 1,716 | 6,531 | 10k |
| Median Household Income | $56k | $77k | $73k |
| Median Home Value | $94k | $223k | $258k |
| Median Rent | $684 | $954 | $1,088 |
| Median Age | 55.6 | 43.2 | 43.2 |
| Unemployment Rate | 3.7% | 4.0% | 5.0% |
| Poverty Rate | 15.0% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 21.6% | 26.4% | 26.9% |
Demographics Charts
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Nearby ZIP Codes
- 55750 – Hoyt Lakes
- 55732 – Embarrass
- 55782 – Soudan
- 55796 – Winton
- 55705 – Aurora
- 55607 – Isabella
- 55708 – Biwabik
- 55790 – Tower
- 55731 – Ely
- 55602 – Brimson
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 55750 | HOYT LAKES | 2,100 | $70,750 |
| 55732 | EMBARRASS | 1,455 | $58,000 |
| 55782 | SOUDAN | 431 | $55,250 |
| 55796 | WINTON | 112 | $53,000 |
| 55705 | AURORA | 3,235 | $53,359 |