Zip code 55407: Minneapolis, Minnesota

Q: What city is zip code 55407?

55407 is assigned to Minneapolis, Minnesota. The city name is the one the Postal Service prefers for mail addressed to this zip code.

Q: What county is 55407 in?

55407 is in Hennepin County, Minnesota.

Q: What is the population of 55407?

About 37,667 people live in 55407, according to the Census Bureau's American Community Survey.

Q: What is the median household income in 55407?

The median household income in 55407 is $78,464.

Q: What zip codes are near 55407?

The closest zip codes to 55407 are 55409, 55406, 55404, 55408, 55417.

Residential delivery areaHennepin CountyCentral Time

Population

37,667

Median household income

$78K

U.S. $81K

Median home value

$335K

U.S. $333K

Median rent

$1,291/mo

U.S. $1,413

Median age

33.8

U.S. 38.9

Land area

4 sq mi

9,384 people/sq mi

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

About 55407

55407 is an urban zip code in Minneapolis, Minnesota (Hennepin County), covering 4 sq mi of land. About 37,667 people live here, or 9,384 per square mile. The median resident is 33.8 years old, compared with 38.9 nationally.

The median household earns $78,464 a year, close to the national median of $80,734. 17.4% of residents live below the poverty line (U.S.: 12.5%). A typical home is valued at $335,400, or 4.3 years of median household income (U.S.: 4.1 years), which makes homes about as affordable as the national average for local earners. 59% of occupied homes are lived in by their owners, and renters pay a median of $1,291 a month.

49% of adults hold a bachelor's degree or higher (U.S.: 36%). Commuters average 23 minutes each way, and 26% of workers work from home. The most common jobs among working residents are in management; legal and social services; and food service. 26% of households speak a language other than English at home, most often Spanish.

How 55407 compares

Sorted from highest to lowest national percentile

Population density9,384/sq mi
92nd
U.S. 95/sq mi · MN 72/sq mi10th of 854 in MN
Work from home25.8%
89th
U.S. 15.1% · MN 17.6%57th of 852 in MN
Diversity index66.3
86th
U.S. 61.4 · MN 41.122nd of 854 in MN
Tech workers5.1%
80th
U.S. 3.8% · MN 4%87th of 852 in MN
Poverty rate17.4%
78th
U.S. 12.5% · MN 9.3%76th of 852 in MN
Bachelor's degree or higher49%
78th
U.S. 35.7% · MN 39.4%86th of 854 in MN
Unemployment rate6.5%
74th
U.S. 5.2% · MN 4.1%106th of 853 in MN
Residents under 1824.8%
73rd
U.S. 22% · MN 22.9%264th of 854 in MN
Government workers16.8%
71st
U.S. 14.5% · MN 12.9%202nd of 852 in MN
Foreign-born residents17.8%
70th
U.S. 14.1% · MN 8.7%30th of 854 in MN
Rent-burdened renters55.2%
67th
U.S. 51.1% · MN 48.1%167th of 828 in MN
Income inequality (Gini)0.454
65th
U.S. 0.483 · MN 0.453149th of 848 in MN
Population37,667
63rd
U.S. 334,922,499 · MN 5,739,44521st of 854 in MN
Self-employed workers10.4%
63rd
U.S. 10% · MN 9.3%519th of 852 in MN
Housing vacancy8%
60th
U.S. 10.1% · MN 9.3%500th of 851 in MN
Median earnings per worker$50,616
57th
U.S. $49,666 · MN $54,389360th of 851 in MN
Uninsured rate7.2%
53rd
U.S. 8.4% · MN 4.7%146th of 853 in MN
Per capita income$40,979
52nd
U.S. $44,673 · MN $48,237387th of 853 in MN
Broadband access92.3%
51st
U.S. 91% · MN 91.6%208th of 851 in MN
Median home value$335,400
50th
U.S. $332,700 · MN $329,300186th of 842 in MN
Median household income$78,464
48th
U.S. $80,734 · MN $89,062415th of 846 in MN
Median gross rent$1,291
42nd
U.S. $1,413 · MN $1,280158th of 757 in MN
Homeownership rate58.9%
30th
U.S. 65.2% · MN 72.2%807th of 851 in MN
Average commute23 min
29th
U.S. 26.4 min · MN 22.7 min487th of 849 in MN
Healthcare workers7.4%
20th
U.S. 9.7% · MN 10.9%680th of 852 in MN
Median age33.8
15th
U.S. 38.9 · MN 38.8795th of 854 in MN
Veterans2.4%
10th
U.S. 6.2% · MN 5.9%827th of 854 in MN
Residents 65 and older9.5%
7th
U.S. 17.2% · MN 17.3%823rd of 854 in MN

Measure	55407	Hennepin	MN	U.S.	National percentile	Rank in MN
Population density	9,384/sq mi	2,291/sq mi	72/sq mi	95/sq mi	92nd	10th of 854
Work from home	25.8%	25.2%	17.6%	15.1%	89th	57th of 852
Diversity index	66.3	54.4	41.1	61.4	86th	22nd of 854
Tech workers	5.1%	6.1%	4%	3.8%	80th	87th of 852
Poverty rate	17.4%	10%	9.3%	12.5%	78th	76th of 852
Bachelor's degree or higher	49%	54.1%	39.4%	35.7%	78th	86th of 854
Unemployment rate	6.5%	4.5%	4.1%	5.2%	74th	106th of 853
Residents under 18	24.8%	21.6%	22.9%	22%	73rd	264th of 854
Government workers	16.8%	11.5%	12.9%	14.5%	71st	202nd of 852
Foreign-born residents	17.8%	13.6%	8.7%	14.1%	70th	30th of 854
Rent-burdened renters	55.2%	47.6%	48.1%	51.1%	67th	167th of 828
Income inequality (Gini)	0.454	0.482	0.453	0.483	65th	149th of 848
Population	37,667	1,269,496	5,739,445	334,922,499	63rd	21st of 854
Self-employed workers	10.4%	9.1%	9.3%	10%	63rd	519th of 852
Housing vacancy	8%	5.6%	9.3%	10.1%	60th	500th of 851
Median earnings per worker	$50,616	$61,640	$54,389	$49,666	57th	360th of 851
Uninsured rate	7.2%	4.5%	4.7%	8.4%	53rd	146th of 853
Per capita income	$40,979	$59,401	$48,237	$44,673	52nd	387th of 853
Broadband access	92.3%	92.8%	91.6%	91%	51st	208th of 851
Median home value	$335,400	$392,900	$329,300	$332,700	50th	186th of 842
Median household income	$78,464	$97,653	$89,062	$80,734	48th	415th of 846
Median gross rent	$1,291	$1,487	$1,280	$1,413	42nd	158th of 757
Homeownership rate	58.9%	62.7%	72.2%	65.2%	30th	807th of 851
Average commute	23 min	21.9 min	22.7 min	26.4 min	29th	487th of 849
Healthcare workers	7.4%	9.8%	10.9%	9.7%	20th	680th of 852
Median age	33.8	37.6	38.8	38.9	15th	795th of 854
Veterans	2.4%	4.5%	5.9%	6.2%	10th	827th of 854
Residents 65 and older	9.5%	15.6%	17.3%	17.2%	7th	823rd of 854

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

21%

25–34

18%

35–44

11%

45–54

55–64

65–74

75+

Median age

33.8

Under 18

24.8%

65 and over

9.5%

Race and ethnicity

White50%
Black18%
Hispanic23%
Asian2%
Native American1.0%
Pacific Islander0.0%
Other0.6%
Multiracial5%

Diversity index

66.3

U.S. 61.4

Foreign-born

17.8%

U.S. 14.1%

Born in state

48.7%

Language spoken at home (households)

English only

74%

Spanish

14%

Other Indo-European

Asian / Pacific

Other

Households

Households: 14,789
Average household size: 2.5
Family households: 50.7%
Married couples: 34.4%
Living alone: 34.3%
Veterans (of adults): 2.4%
Male / female: 50% / 50%

Income and poverty

Household income distribution

<$25k

15%

$25–50k

16%

$50–75k

17%

$75–100k

13%

$100–150k

18%

$150–200k

12%

$200k+

10%

Median household income

55407

$78,464

Hennepin Co.

$97,653

Minnesota

$89,062

United States

$80,734

Per capita income

$40,979

U.S. $44,673

Poverty rate

17.4%

U.S. 12.5%

Households earning $150K+

22.2%

U.S. 23%

Income inequality (Gini)

0.454

U.S. 0.483

Housing

Median home value

55407

$335,400

Hennepin Co.

$392,900

Minnesota

$329,300

United States

$332,700

Median gross rent

55407

$1,291

Hennepin Co.

$1,487

Minnesota

$1,280

United States

$1,413

Types of housing

Single-family

54%

2–4 units

23%

5–19 units

10%

20+ units

13%

Mobile home

0.3%

Boat, RV, van

Housing units: 16,078
Owner-occupied: 58.9%
Vacant: 8%
Median year built: 1939 or earlier
Median rooms: 5.5
Renters paying 30%+ of income: 55.2%
Renters paying 50%+ of income: 27.1%
Home value to income: 4.3× (U.S. 4.1×)

Work and commute

How people get to work

Drove alone

52%

Carpooled

Transit

Walked

Bicycle

Worked from home

26%

Other

Commute time (one way)

<10 min

10–19

34%

20–29

29%

30–44

19%

45–59

60+

Average commute

23 min

U.S. 26.4 min

Unemployment

6.5%

U.S. 5.2%

In labor force

71.9%

U.S. 63.5%

Jobs and careers

What employed residents do, wherever they work

Occupations

Management

13%

Legal and social services

Food service

Education

Office and admin

Healthcare

Cleaning and personal care

Sales

Business and finance

Transportation and moving

Arts, media and sports

Computer and math

Construction and repair

Engineering and science

Production

Police and fire

0.7%

Farming, fishing and forestry

0.0%

Industries

Health care and social assistance

15%

Education

12%

Professional and technical services

11%

Retail

Restaurants and hotels

Manufacturing

Other services

Finance, insurance and real estate

Construction

Public administration

Transportation, warehousing and utilities

Admin, support and management

Arts and recreation

Information

Wholesale

Agriculture and mining

Median earnings per worker

$50,616

U.S. $49,666

Self-employed

10.4%

U.S. 10%

Government workers

16.8%

U.S. 14.5%

Nonprofit workers

16.6%

U.S. 8.8%

Median earnings by type of work

Type of work	55407	U.S.
Management, business, science and arts	$72,003	$74,888
Service	$30,983	$26,804
Sales and office	$42,543	$40,476
Construction and maintenance	$44,414	$49,199
Production and transportation	$36,884	$39,989

Education, internet and health coverage

Highest education (adults 25+)

No diploma

15%

High school

14%

Some college

15%

Associate's

Bachelor's

31%

Graduate

18%

High school graduate or higher: 84.7%
Bachelor's degree or higher: 49%
Graduate or professional degree: 18.1%
Households with broadband: 92.3%
Cable, fiber or DSL: 78.8%
No internet access: 4.8%
Without health insurance: 7.2%
Limited-English households: 6.8%

Geography

City (USPS): Minneapolis
State: Minnesota
County: Hennepin County
Center point: 44.9350° N, 93.2530° W
Land area: 4 sq mi
Water area: 0.1 sq mi
Time zone: Central Time (UTC-6, UTC-5 in summer)
Zip type: Residential delivery area

Cities and towns within this zip

Minneapolis100% of zip

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

Zip codes near 55407

Search by radius

Zip	City	Distance	Population	IncomeMedian income	Home value
55409	Minneapolis, MN	1.4 mi	11,188	$98,305	$378,600
55406	Minneapolis, MN	1.6 mi	36,581	$93,910	$354,100
55404	Minneapolis, MN	1.9 mi	28,920	$41,940	$291,600
55408	Minneapolis, MN	2.1 mi	31,507	$70,326	$396,100
55417	Minneapolis, MN	2.2 mi	25,102	$126,261	$382,900
55419	Minneapolis, MN	2.6 mi	29,738	$148,350	$495,000
55415	Minneapolis, MN	2.7 mi	6,900	$124,921	$625,500
55454	Minneapolis, MN	2.7 mi	8,880	$23,100	$186,600
55403	Minneapolis, MN	2.9 mi	17,601	$60,873	$298,500
55455	Minneapolis, MN	2.9 mi	5,390	—	—
55402	Minneapolis, MN	3 mi	667	$62,105	—
55473	Minneapolis, MN · PO box	3.2 mi	—	—	—

Zip codes like 55407 elsewhere

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

Questions about 55407

What city is zip code 55407?

55407 is assigned to Minneapolis, Minnesota. The city name is the one the Postal Service prefers for mail addressed to this zip code.

What county is 55407 in?

55407 is in Hennepin County, Minnesota.

What is the population of 55407?

About 37,667 people live in 55407, according to the Census Bureau's American Community Survey.

What time zone is 55407 in?

55407 is in Central Time.

What is the median household income in 55407?

The median household income in 55407 is $78,464.

What zip codes are near 55407?

The closest zip codes to 55407 are 55409, 55406, 55404, 55408, 55417.

Demographic figures are 2020–2024 American Community Survey 5-year estimates for ZIP Code Tabulation Area 55407, from the U.S. Census Bureau. Small areas have wide margins of error. How we build these numbers.