Zip code 55345: Minnetonka, Minnesota

Q: What city is zip code 55345?

55345 is assigned to Minnetonka, Minnesota. The city name is the one the Postal Service prefers for mail addressed to this zip code.

Q: What county is 55345 in?

55345 is in Hennepin County, Minnesota.

Q: What is the population of 55345?

About 20,789 people live in 55345, according to the Census Bureau's American Community Survey.

Q: What is the median household income in 55345?

The median household income in 55345 is $145,332.

Q: What zip codes are near 55345?

The closest zip codes to 55345 are 55346, 55343, 55305, 55391, 55344.

Residential delivery areaHennepin CountyCentral Time

Population

20,789

Median household income

$145K

U.S. $81K

Median home value

$504K

U.S. $333K

Median rent

$1,446/mo

U.S. $1,413

Median age

44.6

U.S. 38.9

Land area

11 sq mi

1,829 people/sq mi

Boundary is the Census Bureau's ZIP Code Tabulation Area, which closely tracks the postal delivery area.

About 55345

55345 is a suburban zip code in Minnetonka, Minnesota (Hennepin County), covering 11 sq mi of land. About 20,789 people live here, or 1,829 per square mile. The median resident is 44.6 years old, compared with 38.9 nationally.

The median household earns $145,332 a year, 80% above the national median of $80,734. 4.4% of residents live below the poverty line (U.S.: 12.5%). A typical home is valued at $504,000, or 3.5 years of median household income (U.S.: 4.1 years), which makes homes about as affordable as the national average for local earners. 85% of occupied homes are lived in by their owners, and renters pay a median of $1,446 a month.

65% of adults hold a bachelor's degree or higher (U.S.: 36%). Commuters average 20.8 minutes each way, and 28% of workers work from home. The most common jobs among working residents are in management; healthcare; and business and finance.

How 55345 compares

Sorted from highest to lowest national percentile

Median earnings per worker$90,175
96th
StrengthU.S. $49,666 · MN $54,38913th of 851 in MN
Median household income$145,332
94th
StrengthU.S. $80,734 · MN $89,06218th of 846 in MN
Per capita income$77,623
94th
StrengthU.S. $44,673 · MN $48,23718th of 853 in MN
Bachelor's degree or higher65.2%
93rd
StrengthU.S. 35.7% · MN 39.4%23rd of 854 in MN
Rent-burdened renters64.9%
93rd
WeaknessU.S. 51.1% · MN 48.1%80th of 828 in MN
Work from home28.2%
92nd
U.S. 15.1% · MN 17.6%36th of 852 in MN
Tech workers7.1%
91st
U.S. 3.8% · MN 4%34th of 852 in MN
Homeownership rate85.3%
89th
StrengthU.S. 65.2% · MN 72.2%378th of 851 in MN
Self-employed workers13.6%
86th
U.S. 10% · MN 9.3%335th of 852 in MN
Median age44.6
84th
U.S. 38.9 · MN 38.8292nd of 854 in MN
Residents 65 and older22.1%
84th
U.S. 17.2% · MN 17.3%334th of 854 in MN
Broadband access95%
76th
U.S. 91% · MN 91.6%92nd of 851 in MN
Median home value$504,000
75th
U.S. $332,700 · MN $329,30022nd of 842 in MN
Income inequality (Gini)0.466
73rd
U.S. 0.483 · MN 0.453106th of 848 in MN
Healthcare workers11.1%
72nd
U.S. 9.7% · MN 10.9%328th of 852 in MN
Residents under 1824.6%
71st
U.S. 22% · MN 22.9%275th of 854 in MN
Population density1,829/sq mi
55th
U.S. 95/sq mi · MN 72/sq mi95th of 854 in MN
Median gross rent$1,446
53rd
U.S. $1,413 · MN $1,28099th of 757 in MN
Foreign-born residents9.9%
50th
U.S. 14.1% · MN 8.7%112th of 854 in MN
Veterans4.8%
36th
U.S. 6.2% · MN 5.9%699th of 854 in MN
Population20,789
32nd
U.S. 334,922,499 · MN 5,739,44593rd of 854 in MN
Government workers11.4%
30th
U.S. 14.5% · MN 12.9%553rd of 852 in MN
Diversity index27.8
21st
U.S. 61.4 · MN 41.1258th of 854 in MN
Housing vacancy3.9%
21st
U.S. 10.1% · MN 9.3%714th of 851 in MN
Average commute20.8 min
16th
StrengthU.S. 26.4 min · MN 22.7 min624th of 849 in MN
Unemployment rate2.5%
10th
StrengthU.S. 5.2% · MN 4.1%547th of 853 in MN
Poverty rate4.4%
8th
StrengthU.S. 12.5% · MN 9.3%726th of 852 in MN
Uninsured rate1.5%
3rd
StrengthU.S. 8.4% · MN 4.7%779th of 853 in MN

Measure	55345	Hennepin	MN	U.S.	National percentile	Rank in MN
Median earnings per workerStrength	$90,175	$61,640	$54,389	$49,666	96th	13th of 851
Median household incomeStrength	$145,332	$97,653	$89,062	$80,734	94th	18th of 846
Per capita incomeStrength	$77,623	$59,401	$48,237	$44,673	94th	18th of 853
Bachelor's degree or higherStrength	65.2%	54.1%	39.4%	35.7%	93rd	23rd of 854
Rent-burdened rentersWeakness	64.9%	47.6%	48.1%	51.1%	93rd	80th of 828
Work from home	28.2%	25.2%	17.6%	15.1%	92nd	36th of 852
Tech workers	7.1%	6.1%	4%	3.8%	91st	34th of 852
Homeownership rateStrength	85.3%	62.7%	72.2%	65.2%	89th	378th of 851
Self-employed workers	13.6%	9.1%	9.3%	10%	86th	335th of 852
Median age	44.6	37.6	38.8	38.9	84th	292nd of 854
Residents 65 and older	22.1%	15.6%	17.3%	17.2%	84th	334th of 854
Broadband access	95%	92.8%	91.6%	91%	76th	92nd of 851
Median home value	$504,000	$392,900	$329,300	$332,700	75th	22nd of 842
Income inequality (Gini)	0.466	0.482	0.453	0.483	73rd	106th of 848
Healthcare workers	11.1%	9.8%	10.9%	9.7%	72nd	328th of 852
Residents under 18	24.6%	21.6%	22.9%	22%	71st	275th of 854
Population density	1,829/sq mi	2,291/sq mi	72/sq mi	95/sq mi	55th	95th of 854
Median gross rent	$1,446	$1,487	$1,280	$1,413	53rd	99th of 757
Foreign-born residents	9.9%	13.6%	8.7%	14.1%	50th	112th of 854
Veterans	4.8%	4.5%	5.9%	6.2%	36th	699th of 854
Population	20,789	1,269,496	5,739,445	334,922,499	32nd	93rd of 854
Government workers	11.4%	11.5%	12.9%	14.5%	30th	553rd of 852
Diversity index	27.8	54.4	41.1	61.4	21st	258th of 854
Housing vacancy	3.9%	5.6%	9.3%	10.1%	21st	714th of 851
Average commuteStrength	20.8 min	21.9 min	22.7 min	26.4 min	16th	624th of 849
Unemployment rateStrength	2.5%	4.5%	4.1%	5.2%	10th	547th of 853
Poverty rateStrength	4.4%	10%	9.3%	12.5%	8th	726th of 852
Uninsured rateStrength	1.5%	4.5%	4.7%	8.4%	3rd	779th of 853

The percentile is the share of Americans who live in a zip code with a lower value, so the 50th percentile is typical. Rank 1 is the highest value in the state. Both include zip codes with at least 100 residents. Strengths and weaknesses mark measures in the best or worst fifth nationally, where higher or lower is clearly better (income, poverty, education, commute, broadband, insurance and similar). Measures like age or density are left unmarked.

People

Age

Under 5

19%

5–17

18–24

25–34

15%

35–44

14%

45–54

13%

55–64

14%

65–74

75+

Median age

44.6

Under 18

24.6%

65 and over

22.1%

Race and ethnicity

White85%
Black1%
Hispanic5%
Asian5%
Native American0.1%
Pacific Islander0%
Other0.1%
Multiracial4%

Diversity index

27.8

U.S. 61.4

Foreign-born

9.9%

U.S. 14.1%

Born in state

63.7%

Language spoken at home (households)

English only

83%

Spanish

Other Indo-European

Asian / Pacific

Other

Households

Households: 8,313
Average household size: 2.5
Family households: 70.3%
Married couples: 59.5%
Living alone: 26.3%
Veterans (of adults): 4.8%
Male / female: 50% / 50%

Income and poverty

Household income distribution

<$25k

$25–50k

10%

$50–75k

$75–100k

$100–150k

19%

$150–200k

14%

$200k+

34%

Median household income

55345

$145,332

Hennepin Co.

$97,653

Minnesota

$89,062

United States

$80,734

Per capita income

$77,623

U.S. $44,673

Poverty rate

4.4%

U.S. 12.5%

Households earning $150K+

47.9%

U.S. 23%

Income inequality (Gini)

0.466

U.S. 0.483

Housing

Median home value

55345

$504,000

Hennepin Co.

$392,900

Minnesota

$329,300

United States

$332,700

Median gross rent

55345

$1,446

Hennepin Co.

$1,487

Minnesota

$1,280

United States

$1,413

Types of housing

Single-family

85%

2–4 units

0.7%

5–19 units

20+ units

13%

Mobile home

Boat, RV, van

Housing units: 8,653
Owner-occupied: 85.3%
Vacant: 3.9%
Median year built: 1972
Median rooms: 7.9
Renters paying 30%+ of income: 64.9%
Renters paying 50%+ of income: 42%
Home value to income: 3.5× (U.S. 4.1×)

Work and commute

How people get to work

Drove alone

64%

Carpooled

Transit

0.3%

Walked

Bicycle

0.5%

Worked from home

28%

Other

0.6%

Commute time (one way)

<10 min

12%

10–19

35%

20–29

31%

30–44

18%

45–59

60+

Average commute

20.8 min

U.S. 26.4 min

Unemployment

2.5%

U.S. 5.2%

In labor force

67.9%

U.S. 63.5%

Jobs and careers

What employed residents do, wherever they work

Occupations

Management

20%

Healthcare

11%

Business and finance

10%

Sales

10%

Education

Computer and math

Office and admin

Engineering and science

Transportation and moving

Cleaning and personal care

Food service

Construction and repair

Legal and social services

Arts, media and sports

Production

Police and fire

0.9%

Farming, fishing and forestry

Industries

Health care and social assistance

15%

Professional and technical services

14%

Education

12%

Manufacturing

12%

Finance, insurance and real estate

11%

Retail

10%

Restaurants and hotels

Construction

Transportation, warehousing and utilities

Admin, support and management

Wholesale

Arts and recreation

Public administration

Other services

Information

Agriculture and mining

0.5%

Median earnings per worker

$90,175

U.S. $49,666

Self-employed

13.6%

U.S. 10%

Government workers

11.4%

U.S. 14.5%

Nonprofit workers

10.9%

U.S. 8.8%

Median earnings by type of work

Type of work	55345	U.S.
Management, business, science and arts	$111,905	$74,888
Service	$24,367	$26,804
Sales and office	$58,950	$40,476
Construction and maintenance	$72,697	$49,199
Production and transportation	$24,172	$39,989

Education, internet and health coverage

Highest education (adults 25+)

No diploma

High school

10%

Some college

15%

Associate's

Bachelor's

37%

Graduate

28%

High school graduate or higher: 97.5%
Bachelor's degree or higher: 65.2%
Graduate or professional degree: 28.2%
Households with broadband: 95%
Cable, fiber or DSL: 87.6%
No internet access: 2.5%
Without health insurance: 1.5%
Limited-English households: 2.5%

Geography

City (USPS): Minnetonka
State: Minnesota
County: Hennepin County
Center point: 44.9154° N, 93.4844° W
Land area: 11 sq mi
Water area: 0.3 sq mi
Time zone: Central Time (UTC-6, UTC-5 in summer)
Zip type: Residential delivery area

Cities and towns within this zip

Minnetonka100% of zip

Census places overlapping the zip's area. Mail may use a different city name than the municipality.

Zip codes near 55345

Search by radius

Zip	City	Distance	Population	IncomeMedian income	Home value
55346	Eden Prairie, MN	2.5 mi	18,588	$135,000	$480,100
55343	Hopkins, MN	3.3 mi	27,102	$83,143	$381,500
55305	Hopkins, MN	3.9 mi	21,068	$104,914	$451,800
55391	Wayzata, MN	4.4 mi	15,502	$174,301	$923,400
55344	Eden Prairie, MN	4.5 mi	14,034	$89,565	$363,500
55317	Chanhassen, MN	5.2 mi	22,299	$140,385	$539,000
55323	Crystal Bay, MN · PO box	5.2 mi	—	—	—
55436	Minneapolis, MN	5.4 mi	14,462	$144,129	$643,400
55361	Minnetonka Beach, MN · PO box	5.6 mi	—	—	—
55426	Minneapolis, MN	5.8 mi	25,251	$99,347	$364,600
55447	Minneapolis, MN	5.9 mi	20,931	$133,555	$471,000
55347	Eden Prairie, MN	6.1 mi	30,429	$155,430	$499,500

Zip codes like 55345 elsewhere

Matched on income, home values, age, density, education, housing and commuting

Questions about 55345

What city is zip code 55345?

55345 is assigned to Minnetonka, Minnesota. The city name is the one the Postal Service prefers for mail addressed to this zip code.

What county is 55345 in?

55345 is in Hennepin County, Minnesota.

What is the population of 55345?

About 20,789 people live in 55345, according to the Census Bureau's American Community Survey.

What time zone is 55345 in?

55345 is in Central Time.

What is the median household income in 55345?

The median household income in 55345 is $145,332.

What zip codes are near 55345?

The closest zip codes to 55345 are 55346, 55343, 55305, 55391, 55344.

Demographic figures are 2020–2024 American Community Survey 5-year estimates for ZIP Code Tabulation Area 55345, from the U.S. Census Bureau. Small areas have wide margins of error. How we build these numbers.