Zip code 55388: Watertown, Minnesota

Q: What city is zip code 55388?

55388 is assigned to Watertown, Minnesota. The city name is the one the Postal Service prefers for mail addressed to this zip code.

Q: What county is 55388 in?

55388 is mostly in Carver County, but it extends into 2 other counties.

Q: What is the population of 55388?

About 5,893 people live in 55388, according to the Census Bureau's American Community Survey.

Q: What is the median household income in 55388?

The median household income in 55388 is $99,375.

Q: What zip codes are near 55388?

The closest zip codes to 55388 are 55360, 55328, 55363, 55387, 55375.

Residential delivery areaCarver CountyCentral Time

Population

5,893

Median household income

$99K

U.S. $81K

Median home value

$357K

U.S. $333K

Median rent

$953/mo

U.S. $1,413

Median age

34.7

U.S. 38.9

Land area

38 sq mi

157 people/sq mi

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

About 55388

55388 is a small-town zip code in Watertown, Minnesota (Carver County), covering 38 sq mi of land. About 5,893 people live here, or 157 per square mile. The median resident is 34.7 years old, compared with 38.9 nationally.

The median household earns $99,375 a year, 23% above the national median of $80,734. 7.3% of residents live below the poverty line (U.S.: 12.5%). A typical home is valued at $356,900, or 3.6 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 $953 a month.

24% of adults hold a bachelor's degree or higher (U.S.: 36%). Commuters average 26.5 minutes each way, and 18% of workers work from home. The most common jobs among working residents are in sales; construction and repair; and transportation and moving goods.

How 55388 compares

Sorted from highest to lowest national percentile

Homeownership rate84.5%
88th
StrengthU.S. 65.2% · MN 72.2%401st of 851 in MN
Broadband access95.7%
82nd
StrengthU.S. 91% · MN 91.6%64th of 851 in MN
Work from home18.1%
72nd
U.S. 15.1% · MN 17.6%171st of 852 in MN
Median household income$99,375
71st
U.S. $80,734 · MN $89,062155th of 846 in MN
Veterans7.2%
69th
U.S. 6.2% · MN 5.9%367th of 854 in MN
Median earnings per worker$55,161
68th
U.S. $49,666 · MN $54,389214th of 851 in MN
Residents under 1823.9%
66th
U.S. 22% · MN 22.9%336th of 854 in MN
Per capita income$43,394
59th
U.S. $44,673 · MN $48,237293rd of 853 in MN
Self-employed workers9.9%
57th
U.S. 10% · MN 9.3%554th of 852 in MN
Median home value$356,900
54th
U.S. $332,700 · MN $329,300140th of 842 in MN
Average commute26.5 min
53rd
U.S. 26.4 min · MN 22.7 min280th of 849 in MN
Healthcare workers9.5%
50th
U.S. 9.7% · MN 10.9%478th of 852 in MN
Bachelor's degree or higher23.6%
30th
U.S. 35.7% · MN 39.4%426th of 854 in MN
Residents 65 and older13.7%
28th
U.S. 17.2% · MN 17.3%743rd of 854 in MN
Poverty rate7.3%
27th
U.S. 12.5% · MN 9.3%509th of 852 in MN
Housing vacancy4.3%
25th
U.S. 10.1% · MN 9.3%699th of 851 in MN
Median age34.7
19th
U.S. 38.9 · MN 38.8775th of 854 in MN
Population density157/sq mi
18th
U.S. 95/sq mi · MN 72/sq mi212th of 854 in MN
Median gross rent$953
18th
U.S. $1,413 · MN $1,280347th of 757 in MN
Tech workers1.3%
18th
U.S. 3.8% · MN 4%452nd of 852 in MN
Government workers9.3%
14th
U.S. 14.5% · MN 12.9%712th of 852 in MN
Population5,893
10th
U.S. 334,922,499 · MN 5,739,445225th of 854 in MN
Uninsured rate2.7%
10th
StrengthU.S. 8.4% · MN 4.7%650th of 853 in MN
Foreign-born residents1.7%
10th
U.S. 14.1% · MN 8.7%443rd of 854 in MN
Diversity index14
7th
U.S. 61.4 · MN 41.1571st of 854 in MN
Income inequality (Gini)0.343
2nd
StrengthU.S. 0.483 · MN 0.453782nd of 848 in MN
Unemployment rate0.7%
1st
StrengthU.S. 5.2% · MN 4.1%785th of 853 in MN
Rent-burdened renters16.6%
1st
StrengthU.S. 51.1% · MN 48.1%727th of 828 in MN

Measure	55388	Carver	MN	U.S.	National percentile	Rank in MN
Homeownership rateStrength	84.5%	81.5%	72.2%	65.2%	88th	401st of 851
Broadband accessStrength	95.7%	94.7%	91.6%	91%	82nd	64th of 851
Work from home	18.1%	23.5%	17.6%	15.1%	72nd	171st of 852
Median household income	$99,375	$125,946	$89,062	$80,734	71st	155th of 846
Veterans	7.2%	4.8%	5.9%	6.2%	69th	367th of 854
Median earnings per worker	$55,161	$69,607	$54,389	$49,666	68th	214th of 851
Residents under 18	23.9%	25.2%	22.9%	22%	66th	336th of 854
Per capita income	$43,394	$60,893	$48,237	$44,673	59th	293rd of 853
Self-employed workers	9.9%	8.5%	9.3%	10%	57th	554th of 852
Median home value	$356,900	$453,600	$329,300	$332,700	54th	140th of 842
Average commute	26.5 min	25.6 min	22.7 min	26.4 min	53rd	280th of 849
Healthcare workers	9.5%	9.3%	10.9%	9.7%	50th	478th of 852
Bachelor's degree or higher	23.6%	50.4%	39.4%	35.7%	30th	426th of 854
Residents 65 and older	13.7%	14.5%	17.3%	17.2%	28th	743rd of 854
Poverty rate	7.3%	4.4%	9.3%	12.5%	27th	509th of 852
Housing vacancy	4.3%	2.6%	9.3%	10.1%	25th	699th of 851
Median age	34.7	39	38.8	38.9	19th	775th of 854
Population density	157/sq mi	311/sq mi	72/sq mi	95/sq mi	18th	212th of 854
Median gross rent	$953	$1,514	$1,280	$1,413	18th	347th of 757
Tech workers	1.3%	4.7%	4%	3.8%	18th	452nd of 852
Government workers	9.3%	9.4%	12.9%	14.5%	14th	712th of 852
Population	5,893	110,041	5,739,445	334,922,499	10th	225th of 854
Uninsured rateStrength	2.7%	2.1%	4.7%	8.4%	10th	650th of 853
Foreign-born residents	1.7%	5.6%	8.7%	14.1%	10th	443rd of 854
Diversity index	14	26.4	41.1	61.4	7th	571st of 854
Income inequality (Gini)Strength	0.343	0.422	0.453	0.483	2nd	782nd of 848
Unemployment rateStrength	0.7%	3.1%	4.1%	5.2%	1st	785th of 853
Rent-burdened rentersStrength	16.6%	42.9%	48.1%	51.1%	1st	727th of 828

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

16%

5–17

11%

18–24

15%

25–34

10%

35–44

13%

45–54

13%

55–64

65–74

75+

Median age

34.7

Under 18

23.9%

65 and over

13.7%

Race and ethnicity

White93%
Black0.2%
Hispanic3%
Asian0.7%
Native American0.1%
Pacific Islander0%
Other0.2%
Multiracial3%

Diversity index

U.S. 61.4

Foreign-born

1.7%

U.S. 14.1%

Born in state

84.5%

Language spoken at home (households)

English only

99%

Spanish

0.1%

Other Indo-European

0.2%

Asian / Pacific

0.3%

Other

Households

Households: 2,184
Average household size: 2.7
Family households: 70.4%
Married couples: 56.8%
Living alone: 21.3%
Veterans (of adults): 7.2%
Male / female: 50% / 50%

Income and poverty

Household income distribution

<$25k

$25–50k

$50–75k

15%

$75–100k

21%

$100–150k

21%

$150–200k

16%

$200k+

12%

Median household income

55388

$99,375

Carver Co.

$125,946

Minnesota

$89,062

United States

$80,734

Per capita income

$43,394

U.S. $44,673

Poverty rate

7.3%

U.S. 12.5%

Households earning $150K+

27.7%

U.S. 23%

Income inequality (Gini)

0.343

U.S. 0.483

Housing

Median home value

55388

$356,900

Carver Co.

$453,600

Minnesota

$329,300

United States

$332,700

Median gross rent

55388

$953

Carver Co.

$1,514

Minnesota

$1,280

United States

$1,413

Types of housing

Single-family

86%

2–4 units

5–19 units

20+ units

Mobile home

Boat, RV, van

Housing units: 2,281
Owner-occupied: 84.5%
Vacant: 4.3%
Median year built: 1992
Median rooms: 6.8
Renters paying 30%+ of income: 16.6%
Renters paying 50%+ of income: 10.7%
Home value to income: 3.6× (U.S. 4.1×)

Work and commute

How people get to work

Drove alone

73%

Carpooled

Transit

0.1%

Walked

Bicycle

Worked from home

18%

Other

0.6%

Commute time (one way)

<10 min

14%

10–19

23%

20–29

17%

30–44

29%

45–59

11%

60+

Average commute

26.5 min

U.S. 26.4 min

Unemployment

0.7%

U.S. 5.2%

In labor force

73.2%

U.S. 63.5%

Jobs and careers

What employed residents do, wherever they work

Occupations

Sales

13%

Construction and repair

12%

Transportation and moving

11%

Healthcare

10%

Office and admin

Food service

Cleaning and personal care

Education

Engineering and science

Production

Management

Business and finance

Arts, media and sports

Legal and social services

Police and fire

Computer and math

Farming, fishing and forestry

Industries

Manufacturing

15%

Construction

15%

Health care and social assistance

15%

Retail

12%

Restaurants and hotels

Education

Professional and technical services

Finance, insurance and real estate

Transportation, warehousing and utilities

Wholesale

Admin, support and management

Public administration

Other services

Information

Arts and recreation

Agriculture and mining

0.3%

Median earnings per worker

$55,161

U.S. $49,666

Self-employed

9.9%

U.S. 10%

Government workers

9.3%

U.S. 14.5%

Nonprofit workers

7.4%

U.S. 8.8%

Median earnings by type of work

Type of work	55388	U.S.
Management, business, science and arts	$72,750	$74,888
Service	$30,685	$26,804
Sales and office	$56,179	$40,476
Construction and maintenance	$67,946	$49,199
Production and transportation	$49,271	$39,989

Education, internet and health coverage

Highest education (adults 25+)

No diploma

High school

26%

Some college

25%

Associate's

21%

Bachelor's

17%

Graduate

High school graduate or higher: 95.9%
Bachelor's degree or higher: 23.6%
Graduate or professional degree: 6.3%
Households with broadband: 95.7%
Cable, fiber or DSL: 76.9%
No internet access: 4.2%
Without health insurance: 2.7%
Limited-English households: 0.3%

Geography

City (USPS): Watertown
State: Minnesota
County: Carver County
Center point: 44.9548° N, 93.8487° W
Land area: 38 sq mi
Water area: 1.8 sq mi
Time zone: Central Time (UTC-6, UTC-5 in summer)
Zip type: Residential delivery area

55388 spans 3 counties

Carver County79% of land
Wright County16% of land
Hennepin County5% of land

Cities and towns within this zip

Watertown7% of zip
Minnetrista5% of zip

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

Zip codes near 55388

Search by radius

Zip	City	Distance	Population	IncomeMedian income	Home value
55360	Mayer, MN	4.4 mi	3,341	$122,117	$354,600
55328	Delano, MN	5.7 mi	10,019	$114,158	$409,800
55363	Montrose, MN	6.7 mi	5,814	$101,989	$296,800
55387	Waconia, MN	7.2 mi	15,030	$114,511	$440,300
55375	Saint Bonifacius, MN	7.3 mi	4,326	$130,893	$425,700
55367	New Germany, MN	7.5 mi	1,122	$94,107	$330,800
55359	Maple Plain, MN	8.4 mi	6,997	$129,250	$537,300
55364	Mound, MN	8.5 mi	14,097	$108,725	$459,400
55397	Young America, MN	10 mi	3,404	$81,957	$352,800
55348	Maple Plain, MN · PO box	10 mi	—	—	—
55390	Waverly, MN	10 mi	3,492	$103,750	$348,300
55395	Winsted, MN	11 mi	2,723	$72,800	$222,400

Zip codes like 55388 elsewhere

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

Questions about 55388

What city is zip code 55388?

55388 is assigned to Watertown, Minnesota. The city name is the one the Postal Service prefers for mail addressed to this zip code.

What county is 55388 in?

55388 is mostly in Carver County, but it extends into 2 other counties.

What is the population of 55388?

About 5,893 people live in 55388, according to the Census Bureau's American Community Survey.

What time zone is 55388 in?

55388 is in Central Time.

What is the median household income in 55388?

The median household income in 55388 is $99,375.

What zip codes are near 55388?

The closest zip codes to 55388 are 55360, 55328, 55363, 55387, 55375.

Demographic figures are 2020–2024 American Community Survey 5-year estimates for ZIP Code Tabulation Area 55388, from the U.S. Census Bureau. Small areas have wide margins of error. How we build these numbers.