Zip code 55423: Minneapolis, Minnesota

Q: What city is zip code 55423?

55423 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 55423 in?

55423 is in Hennepin County, Minnesota.

Q: What is the population of 55423?

About 36,724 people live in 55423, according to the Census Bureau's American Community Survey.

Q: What is the median household income in 55423?

The median household income in 55423 is $85,182.

Q: What zip codes are near 55423?

The closest zip codes to 55423 are 55419, 55435, 55450, 55420, 55410.

Residential delivery areaHennepin CountyCentral Time

Population

36,724

Median household income

$85K

U.S. $81K

Median home value

$344K

U.S. $333K

Median rent

$1,393/mo

U.S. $1,413

Median age

39.4

U.S. 38.9

Land area

7.1 sq mi

5,197 people/sq mi

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

About 55423

55423 is an urban zip code in Minneapolis, Minnesota (Hennepin County), covering 7.1 sq mi of land. About 36,724 people live here, or 5,197 per square mile. The median resident is 39.4 years old, compared with 38.9 nationally.

The median household earns $85,182 a year, close to the national median of $80,734. 8.2% of residents live below the poverty line (U.S.: 12.5%). A typical home is valued at $343,900, or 4.0 years of median household income (U.S.: 4.1 years), which makes homes about as affordable as the national average for local earners. 62% of occupied homes are lived in by their owners, and renters pay a median of $1,393 a month.

44% of adults hold a bachelor's degree or higher (U.S.: 36%). Commuters average 23.1 minutes each way, and 19% of workers work from home. The most common jobs among working residents are in management; office and administrative support; and healthcare. 21% of households speak a language other than English at home, most often Spanish.

How 55423 compares

Sorted from highest to lowest national percentile

Population density5,197/sq mi
82nd
U.S. 95/sq mi · MN 72/sq mi30th of 854 in MN
Tech workers5.4%
82nd
U.S. 3.8% · MN 4%76th of 852 in MN
Work from home18.8%
74th
U.S. 15.1% · MN 17.6%159th of 852 in MN
Median earnings per worker$58,211
72nd
U.S. $49,666 · MN $54,389157th of 851 in MN
Bachelor's degree or higher43.8%
71st
U.S. 35.7% · MN 39.4%112th of 854 in MN
Per capita income$47,924
68th
U.S. $44,673 · MN $48,237174th of 853 in MN
Diversity index58.1
68th
U.S. 61.4 · MN 41.142nd of 854 in MN
Foreign-born residents16.8%
68th
U.S. 14.1% · MN 8.7%35th of 854 in MN
Residents 65 and older19%
67th
U.S. 17.2% · MN 17.3%488th of 854 in MN
Population36,724
61st
U.S. 334,922,499 · MN 5,739,44524th of 854 in MN
Unemployment rate5.3%
57th
U.S. 5.2% · MN 4.1%195th of 853 in MN
Median household income$85,182
56th
U.S. $80,734 · MN $89,062310th of 846 in MN
Median age39.4
53rd
U.S. 38.9 · MN 38.8584th of 854 in MN
Median home value$343,900
52nd
U.S. $332,700 · MN $329,300172nd of 842 in MN
Median gross rent$1,393
50th
U.S. $1,413 · MN $1,280116th of 757 in MN
Healthcare workers9.5%
50th
U.S. 9.7% · MN 10.9%481st of 852 in MN
Broadband access91.7%
46th
U.S. 91% · MN 91.6%258th of 851 in MN
Uninsured rate5.4%
37th
U.S. 8.4% · MN 4.7%275th of 853 in MN
Homeownership rate61.6%
35th
U.S. 65.2% · MN 72.2%796th of 851 in MN
Poverty rate8.2%
33rd
U.S. 12.5% · MN 9.3%447th of 852 in MN
Veterans4.5%
32nd
U.S. 6.2% · MN 5.9%721st of 854 in MN
Average commute23.1 min
30th
U.S. 26.4 min · MN 22.7 min478th of 849 in MN
Income inequality (Gini)0.412
30th
U.S. 0.483 · MN 0.453416th of 848 in MN
Rent-burdened renters43.9%
26th
U.S. 51.1% · MN 48.1%374th of 828 in MN
Government workers10.4%
22nd
U.S. 14.5% · MN 12.9%639th of 852 in MN
Residents under 1818.2%
20th
U.S. 22% · MN 22.9%689th of 854 in MN
Housing vacancy3.7%
18th
U.S. 10.1% · MN 9.3%725th of 851 in MN
Self-employed workers6.8%
17th
U.S. 10% · MN 9.3%752nd of 852 in MN

Measure	55423	Hennepin	MN	U.S.	National percentile	Rank in MN
Population density	5,197/sq mi	2,291/sq mi	72/sq mi	95/sq mi	82nd	30th of 854
Tech workers	5.4%	6.1%	4%	3.8%	82nd	76th of 852
Work from home	18.8%	25.2%	17.6%	15.1%	74th	159th of 852
Median earnings per worker	$58,211	$61,640	$54,389	$49,666	72nd	157th of 851
Bachelor's degree or higher	43.8%	54.1%	39.4%	35.7%	71st	112th of 854
Per capita income	$47,924	$59,401	$48,237	$44,673	68th	174th of 853
Diversity index	58.1	54.4	41.1	61.4	68th	42nd of 854
Foreign-born residents	16.8%	13.6%	8.7%	14.1%	68th	35th of 854
Residents 65 and older	19%	15.6%	17.3%	17.2%	67th	488th of 854
Population	36,724	1,269,496	5,739,445	334,922,499	61st	24th of 854
Unemployment rate	5.3%	4.5%	4.1%	5.2%	57th	195th of 853
Median household income	$85,182	$97,653	$89,062	$80,734	56th	310th of 846
Median age	39.4	37.6	38.8	38.9	53rd	584th of 854
Median home value	$343,900	$392,900	$329,300	$332,700	52nd	172nd of 842
Median gross rent	$1,393	$1,487	$1,280	$1,413	50th	116th of 757
Healthcare workers	9.5%	9.8%	10.9%	9.7%	50th	481st of 852
Broadband access	91.7%	92.8%	91.6%	91%	46th	258th of 851
Uninsured rate	5.4%	4.5%	4.7%	8.4%	37th	275th of 853
Homeownership rate	61.6%	62.7%	72.2%	65.2%	35th	796th of 851
Poverty rate	8.2%	10%	9.3%	12.5%	33rd	447th of 852
Veterans	4.5%	4.5%	5.9%	6.2%	32nd	721st of 854
Average commute	23.1 min	21.9 min	22.7 min	26.4 min	30th	478th of 849
Income inequality (Gini)	0.412	0.482	0.453	0.483	30th	416th of 848
Rent-burdened renters	43.9%	47.6%	48.1%	51.1%	26th	374th of 828
Government workers	10.4%	11.5%	12.9%	14.5%	22nd	639th of 852
Residents under 18	18.2%	21.6%	22.9%	22%	20th	689th of 854
Housing vacancy	3.7%	5.6%	9.3%	10.1%	18th	725th of 851
Self-employed workers	6.8%	9.1%	9.3%	10%	17th	752nd of 852

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

13%

5–17

18–24

17%

25–34

17%

35–44

10%

45–54

11%

55–64

12%

65–74

75+

Median age

39.4

Under 18

18.2%

65 and over

19%

Race and ethnicity

White61%
Black11%
Hispanic18%
Asian6%
Native American0.4%
Pacific Islander0%
Other0.7%
Multiracial4%

Diversity index

58.1

U.S. 61.4

Foreign-born

16.8%

U.S. 14.1%

Born in state

57.4%

Language spoken at home (households)

English only

79%

Spanish

12%

Other Indo-European

Asian / Pacific

Other

Households

Households: 16,578
Average household size: 2.2
Family households: 58%
Married couples: 44.6%
Living alone: 34.1%
Veterans (of adults): 4.5%
Male / female: 50% / 50%

Income and poverty

Household income distribution

<$25k

11%

$25–50k

13%

$50–75k

20%

$75–100k

14%

$100–150k

20%

$150–200k

$200k+

12%

Median household income

55423

$85,182

Hennepin Co.

$97,653

Minnesota

$89,062

United States

$80,734

Per capita income

$47,924

U.S. $44,673

Poverty rate

8.2%

U.S. 12.5%

Households earning $150K+

21.1%

U.S. 23%

Income inequality (Gini)

0.412

U.S. 0.483

Housing

Median home value

55423

$343,900

Hennepin Co.

$392,900

Minnesota

$329,300

United States

$332,700

Median gross rent

55423

$1,393

Hennepin Co.

$1,487

Minnesota

$1,280

United States

$1,413

Types of housing

Single-family

62%

2–4 units

5–19 units

11%

20+ units

25%

Mobile home

0.2%

Boat, RV, van

Housing units: 17,214
Owner-occupied: 61.6%
Vacant: 3.7%
Median year built: 1959
Median rooms: 5.3
Renters paying 30%+ of income: 43.9%
Renters paying 50%+ of income: 23.4%
Home value to income: 4.0× (U.S. 4.1×)

Work and commute

How people get to work

Drove alone

65%

Carpooled

Transit

Walked

Bicycle

0.5%

Worked from home

19%

Other

Commute time (one way)

<10 min

12%

10–19

33%

20–29

29%

30–44

18%

45–59

60+

Average commute

23.1 min

U.S. 26.4 min

Unemployment

5.3%

U.S. 5.2%

In labor force

70%

U.S. 63.5%

Jobs and careers

What employed residents do, wherever they work

Occupations

Management

13%

Office and admin

10%

Healthcare

10%

Business and finance

Sales

Transportation and moving

Cleaning and personal care

Production

Education

Computer and math

Food service

Engineering and science

Legal and social services

Construction and repair

Arts, media and sports

Police and fire

Farming, fishing and forestry

0.3%

Industries

Health care and social assistance

15%

Finance, insurance and real estate

11%

Professional and technical services

11%

Retail

11%

Manufacturing

10%

Education

Transportation, warehousing and utilities

Restaurants and hotels

Other services

Admin, support and management

Public administration

Construction

Wholesale

Arts and recreation

Information

Agriculture and mining

0.5%

Median earnings per worker

$58,211

U.S. $49,666

Self-employed

6.8%

U.S. 10%

Government workers

10.4%

U.S. 14.5%

Nonprofit workers

11.4%

U.S. 8.8%

Median earnings by type of work

Type of work	55423	U.S.
Management, business, science and arts	$73,681	$74,888
Service	$36,707	$26,804
Sales and office	$49,981	$40,476
Construction and maintenance	$54,750	$49,199
Production and transportation	$41,350	$39,989

Education, internet and health coverage

Highest education (adults 25+)

No diploma

High school

20%

Some college

19%

Associate's

Bachelor's

31%

Graduate

12%

High school graduate or higher: 91.3%
Bachelor's degree or higher: 43.8%
Graduate or professional degree: 12.5%
Households with broadband: 91.7%
Cable, fiber or DSL: 79.1%
No internet access: 6.4%
Without health insurance: 5.4%
Limited-English households: 3.7%

Geography

City (USPS): Minneapolis
State: Minnesota
County: Hennepin County
Center point: 44.8772° N, 93.2814° W
Land area: 7.1 sq mi
Water area: 0.2 sq mi
Time zone: Central Time (UTC-6, UTC-5 in summer)
Zip type: Residential delivery area

Cities and towns within this zip

Richfield96% of zip

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

Zip codes near 55423

Search by radius

Zip	City	Distance	Population	IncomeMedian income	Home value
55419	Minneapolis, MN	2 mi	29,738	$148,350	$495,000
55435	Minneapolis, MN	2.6 mi	14,192	$79,884	$361,300
55450	Minneapolis, MN	2.6 mi	124	—	—
55420	Minneapolis, MN	2.9 mi	24,451	$82,170	$328,400
55410	Minneapolis, MN	3 mi	20,422	$146,425	$620,600
55417	Minneapolis, MN	3 mi	25,102	$126,261	$382,900
55425	Minneapolis, MN	3.2 mi	10,908	$76,274	$339,500
55409	Minneapolis, MN	3.7 mi	11,188	$98,305	$378,600
55424	Minneapolis, MN	3.7 mi	10,289	$250,000+	$992,600
55431	Minneapolis, MN	3.9 mi	18,664	$101,484	$373,500
55407	Minneapolis, MN	4.2 mi	37,667	$78,464	$335,400
55439	Minneapolis, MN	4.5 mi	9,459	$168,693	$649,800

Zip codes like 55423 elsewhere

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

Questions about 55423

What city is zip code 55423?

55423 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 55423 in?

55423 is in Hennepin County, Minnesota.

What is the population of 55423?

About 36,724 people live in 55423, according to the Census Bureau's American Community Survey.

What time zone is 55423 in?

55423 is in Central Time.

What is the median household income in 55423?

The median household income in 55423 is $85,182.

What zip codes are near 55423?

The closest zip codes to 55423 are 55419, 55435, 55450, 55420, 55410.

Demographic figures are 2020–2024 American Community Survey 5-year estimates for ZIP Code Tabulation Area 55423, from the U.S. Census Bureau. Small areas have wide margins of error. How we build these numbers.