Zip code 55416: Minneapolis, Minnesota

Q: What city is zip code 55416?

55416 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 55416 in?

55416 is in Hennepin County, Minnesota.

Q: What is the population of 55416?

About 35,015 people live in 55416, according to the Census Bureau's American Community Survey.

Q: What is the median household income in 55416?

The median household income in 55416 is $105,958.

Q: What zip codes are near 55416?

The closest zip codes to 55416 are 55426, 55408, 55405, 55410, 55403.

Residential delivery areaHennepin CountyCentral Time

Population

35,015

Median household income

$106K

U.S. $81K

Median home value

$462K

U.S. $333K

Median rent

$1,755/mo

U.S. $1,413

Median age

35.6

U.S. 38.9

Land area

7.3 sq mi

4,773 people/sq mi

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

About 55416

55416 is an urban zip code in Minneapolis, Minnesota (Hennepin County), covering 7.3 sq mi of land. About 35,015 people live here, or 4,773 per square mile. The median resident is 35.6 years old, compared with 38.9 nationally.

The median household earns $105,958 a year, 31% above the national median of $80,734. 5.9% of residents live below the poverty line (U.S.: 12.5%). A typical home is valued at $461,500, or 4.4 years of median household income (U.S.: 4.1 years), which makes homes about as affordable as the national average for local earners. 50% of occupied homes are lived in by their owners, and renters pay a median of $1,755 a month.

71% of adults hold a bachelor's degree or higher (U.S.: 36%). Commuters average 20.2 minutes each way, and 34% of workers work from home. The most common jobs among working residents are in management; business and finance; and healthcare.

How 55416 compares

Sorted from highest to lowest national percentile

Work from home33.7%
97th
U.S. 15.1% · MN 17.6%15th of 852 in MN
Bachelor's degree or higher71.4%
96th
StrengthU.S. 35.7% · MN 39.4%12th of 854 in MN
Broadband access97.6%
96th
StrengthU.S. 91% · MN 91.6%17th of 851 in MN
Per capita income$74,220
93rd
StrengthU.S. $44,673 · MN $48,23721st of 853 in MN
Tech workers8.1%
93rd
U.S. 3.8% · MN 4%21st of 852 in MN
Median earnings per worker$74,302
90th
StrengthU.S. $49,666 · MN $54,38934th of 851 in MN
Population density4,773/sq mi
80th
U.S. 95/sq mi · MN 72/sq mi34th of 854 in MN
Median household income$105,958
76th
U.S. $80,734 · MN $89,062111th of 846 in MN
Healthcare workers11.1%
72nd
U.S. 9.7% · MN 10.9%329th of 852 in MN
Median gross rent$1,755
71st
U.S. $1,413 · MN $1,28036th of 757 in MN
Median home value$461,500
70th
U.S. $332,700 · MN $329,30043rd of 842 in MN
Self-employed workers10.5%
64th
U.S. 10% · MN 9.3%513th of 852 in MN
Income inequality (Gini)0.446
60th
U.S. 0.483 · MN 0.453187th of 848 in MN
Population35,015
59th
U.S. 334,922,499 · MN 5,739,44528th of 854 in MN
Housing vacancy7.1%
54th
U.S. 10.1% · MN 9.3%538th of 851 in MN
Residents 65 and older16.9%
53rd
U.S. 17.2% · MN 17.3%592nd of 854 in MN
Foreign-born residents7.5%
41st
U.S. 14.1% · MN 8.7%152nd of 854 in MN
Veterans4.6%
33rd
U.S. 6.2% · MN 5.9%714th of 854 in MN
Diversity index37.4
32nd
U.S. 61.4 · MN 41.1159th of 854 in MN
Median age35.6
25th
U.S. 38.9 · MN 38.8758th of 854 in MN
Unemployment rate3.3%
21st
U.S. 5.2% · MN 4.1%421st of 853 in MN
Uninsured rate3.7%
19th
StrengthU.S. 8.4% · MN 4.7%496th of 853 in MN
Poverty rate5.9%
18th
StrengthU.S. 12.5% · MN 9.3%620th of 852 in MN
Homeownership rate49.9%
18th
WeaknessU.S. 65.2% · MN 72.2%819th of 851 in MN
Rent-burdened renters39.5%
15th
StrengthU.S. 51.1% · MN 48.1%465th of 828 in MN
Government workers9.5%
15th
U.S. 14.5% · MN 12.9%695th of 852 in MN
Average commute20.2 min
13th
StrengthU.S. 26.4 min · MN 22.7 min652nd of 849 in MN
Residents under 1816.4%
12th
U.S. 22% · MN 22.9%743rd of 854 in MN

Measure	55416	Hennepin	MN	U.S.	National percentile	Rank in MN
Work from home	33.7%	25.2%	17.6%	15.1%	97th	15th of 852
Bachelor's degree or higherStrength	71.4%	54.1%	39.4%	35.7%	96th	12th of 854
Broadband accessStrength	97.6%	92.8%	91.6%	91%	96th	17th of 851
Per capita incomeStrength	$74,220	$59,401	$48,237	$44,673	93rd	21st of 853
Tech workers	8.1%	6.1%	4%	3.8%	93rd	21st of 852
Median earnings per workerStrength	$74,302	$61,640	$54,389	$49,666	90th	34th of 851
Population density	4,773/sq mi	2,291/sq mi	72/sq mi	95/sq mi	80th	34th of 854
Median household income	$105,958	$97,653	$89,062	$80,734	76th	111th of 846
Healthcare workers	11.1%	9.8%	10.9%	9.7%	72nd	329th of 852
Median gross rent	$1,755	$1,487	$1,280	$1,413	71st	36th of 757
Median home value	$461,500	$392,900	$329,300	$332,700	70th	43rd of 842
Self-employed workers	10.5%	9.1%	9.3%	10%	64th	513th of 852
Income inequality (Gini)	0.446	0.482	0.453	0.483	60th	187th of 848
Population	35,015	1,269,496	5,739,445	334,922,499	59th	28th of 854
Housing vacancy	7.1%	5.6%	9.3%	10.1%	54th	538th of 851
Residents 65 and older	16.9%	15.6%	17.3%	17.2%	53rd	592nd of 854
Foreign-born residents	7.5%	13.6%	8.7%	14.1%	41st	152nd of 854
Veterans	4.6%	4.5%	5.9%	6.2%	33rd	714th of 854
Diversity index	37.4	54.4	41.1	61.4	32nd	159th of 854
Median age	35.6	37.6	38.8	38.9	25th	758th of 854
Unemployment rate	3.3%	4.5%	4.1%	5.2%	21st	421st of 853
Uninsured rateStrength	3.7%	4.5%	4.7%	8.4%	19th	496th of 853
Poverty rateStrength	5.9%	10%	9.3%	12.5%	18th	620th of 852
Homeownership rateWeakness	49.9%	62.7%	72.2%	65.2%	18th	819th of 851
Rent-burdened rentersStrength	39.5%	47.6%	48.1%	51.1%	15th	465th of 828
Government workers	9.5%	11.5%	12.9%	14.5%	15th	695th of 852
Average commuteStrength	20.2 min	21.9 min	22.7 min	26.4 min	13th	652nd of 849
Residents under 18	16.4%	21.6%	22.9%	22%	12th	743rd 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

12%

5–17

18–24

24%

25–34

12%

35–44

11%

45–54

11%

55–64

10%

65–74

75+

Median age

35.6

Under 18

16.4%

65 and over

16.9%

Race and ethnicity

White78%
Black5%
Hispanic8%
Asian3%
Native American0.1%
Pacific Islander0%
Other0.3%
Multiracial6%

Diversity index

37.4

U.S. 61.4

Foreign-born

7.5%

U.S. 14.1%

Born in state

54.7%

Language spoken at home (households)

English only

88%

Spanish

Other Indo-European

Asian / Pacific

Other

Households

Households: 18,055
Average household size: 1.9
Family households: 38.8%
Married couples: 31.9%
Living alone: 47.2%
Veterans (of adults): 4.6%
Male / female: 50% / 50%

Income and poverty

Household income distribution

<$25k

$25–50k

10%

$50–75k

16%

$75–100k

14%

$100–150k

20%

$150–200k

12%

$200k+

21%

Median household income

55416

$105,958

Hennepin Co.

$97,653

Minnesota

$89,062

United States

$80,734

Per capita income

$74,220

U.S. $44,673

Poverty rate

5.9%

U.S. 12.5%

Households earning $150K+

32.3%

U.S. 23%

Income inequality (Gini)

0.446

U.S. 0.483

Housing

Median home value

55416

$461,500

Hennepin Co.

$392,900

Minnesota

$329,300

United States

$332,700

Median gross rent

55416

$1,755

Hennepin Co.

$1,487

Minnesota

$1,280

United States

$1,413

Types of housing

Single-family

42%

2–4 units

5–19 units

20+ units

46%

Mobile home

Boat, RV, van

Housing units: 19,444
Owner-occupied: 49.9%
Vacant: 7.1%
Median year built: 1974
Median rooms: 4.4
Renters paying 30%+ of income: 39.5%
Renters paying 50%+ of income: 13.7%
Home value to income: 4.4× (U.S. 4.1×)

Work and commute

How people get to work

Drove alone

56%

Carpooled

Transit

Walked

Bicycle

0.9%

Worked from home

34%

Other

0.9%

Commute time (one way)

<10 min

12%

10–19

39%

20–29

26%

30–44

18%

45–59

60+

Average commute

20.2 min

U.S. 26.4 min

Unemployment

3.3%

U.S. 5.2%

In labor force

75%

U.S. 63.5%

Jobs and careers

What employed residents do, wherever they work

Occupations

Management

16%

Business and finance

13%

Healthcare

11%

Sales

10%

Computer and math

Office and admin

Engineering and science

Education

Transportation and moving

Legal and social services

Arts, media and sports

Cleaning and personal care

Food service

Construction and repair

Production

0.9%

Police and fire

0.7%

Farming, fishing and forestry

0.1%

Industries

Professional and technical services

16%

Health care and social assistance

15%

Manufacturing

12%

Finance, insurance and real estate

11%

Education

10%

Retail

10%

Transportation, warehousing and utilities

Other services

Construction

Wholesale

Restaurants and hotels

Admin, support and management

Public administration

Arts and recreation

Information

Agriculture and mining

0.4%

Median earnings per worker

$74,302

U.S. $49,666

Self-employed

10.5%

U.S. 10%

Government workers

9.5%

U.S. 14.5%

Nonprofit workers

11.6%

U.S. 8.8%

Median earnings by type of work

Type of work	55416	U.S.
Management, business, science and arts	$85,233	$74,888
Service	$28,925	$26,804
Sales and office	$63,546	$40,476
Construction and maintenance	$57,159	$49,199
Production and transportation	$39,728	$39,989

Education, internet and health coverage

Highest education (adults 25+)

No diploma

High school

Some college

12%

Associate's

Bachelor's

44%

Graduate

28%

High school graduate or higher: 97.5%
Bachelor's degree or higher: 71.4%
Graduate or professional degree: 27.9%
Households with broadband: 97.6%
Cable, fiber or DSL: 88.6%
No internet access: 1.4%
Without health insurance: 3.7%
Limited-English households: 2.4%

Geography

City (USPS): Minneapolis
State: Minnesota
County: Hennepin County
Center point: 44.9494° N, 93.3410° W
Land area: 7.3 sq mi
Water area: 0.4 sq mi
Time zone: Central Time (UTC-6, UTC-5 in summer)
Zip type: Residential delivery area

Cities and towns within this zip

St. Louis Park68% of zip
Minneapolis16% of zip
Golden Valley13% of zip
Edina3% of zip

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

Zip codes near 55416

Search by radius

Zip	City	Distance	Population	IncomeMedian income	Home value
55426	Minneapolis, MN	2 mi	25,251	$99,347	$364,600
55408	Minneapolis, MN	2.3 mi	31,507	$70,326	$396,100
55405	Minneapolis, MN	2.5 mi	17,198	$73,053	$467,700
55410	Minneapolis, MN	2.8 mi	20,422	$146,425	$620,600
55403	Minneapolis, MN	3.1 mi	17,601	$60,873	$298,500
55424	Minneapolis, MN	3.1 mi	10,289	$250,000+	$992,600
55409	Minneapolis, MN	3.2 mi	11,188	$98,305	$378,600
55436	Minneapolis, MN	3.4 mi	14,462	$144,129	$643,400
55402	Minneapolis, MN	3.9 mi	667	$62,105	—
55404	Minneapolis, MN	4 mi	28,920	$41,940	$291,600
55419	Minneapolis, MN	4 mi	29,738	$148,350	$495,000
55411	Minneapolis, MN	4.1 mi	27,741	$60,225	$245,400

Zip codes like 55416 elsewhere

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

Questions about 55416

What city is zip code 55416?

55416 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 55416 in?

55416 is in Hennepin County, Minnesota.

What is the population of 55416?

About 35,015 people live in 55416, according to the Census Bureau's American Community Survey.

What time zone is 55416 in?

55416 is in Central Time.

What is the median household income in 55416?

The median household income in 55416 is $105,958.

What zip codes are near 55416?

The closest zip codes to 55416 are 55426, 55408, 55405, 55410, 55403.

Demographic figures are 2020–2024 American Community Survey 5-year estimates for ZIP Code Tabulation Area 55416, from the U.S. Census Bureau. Small areas have wide margins of error. How we build these numbers.