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Zip Code 55408 - Population, Income & Demographics

Popular Secions:

πŸ’° Income         | πŸͺ™ Poverty

🚻 Age & Sex    | 🀝 Race

πŸ‘¨β€πŸ‘©β€πŸ‘§β€πŸ‘¦ Households  | πŸ—£οΈ Language  | πŸŽ“ Education

πŸ’Ό Employment | 🏭 Industry     | 🏠 Housing

🌍 State: MN - Minnesota

🏑 City: Minneapolis

πŸ—ΊοΈ County: Hennepin County

⏰ Timezone: America/Chicago

☎️ Area Codes: 612, 952

Income

The median income of households in 55408 was $72,421. An estimated 5.1% of households had income below $10,000 a year and 10.3% had income of $200,000 or more.

Household Income in 55408 in 2019-2023

View Data Table ↓

Percent
Less than $10,000 5.1
$10,000 to $14,999 2.3
$15,000 to $24,999 6
$25,000 to $34,999 6
$35,000 to $49,999 11.3
$50,000 to $74,999 20.6
$75,000 to $99,999 14.8
$100,000 to $149,999 17.1
$150,000 to $199,999 6.4
$200,000 or more 10.3

Median Earnings for Full-Time Year-Round Workers by Sex in 55408 in 2019-2023

View Data Table ↓

Dollars
Male 69471
Female 63310

An estimated 91.1% of households received earnings. An estimated 9.9% of households received Social Security and an estimated 8.9 % of households received retirement income other than Social Security. The average income from Social Security was $24,098. These income sources are not mutually exclusive; that is, some households received income from more than one source.

Proportion of Households with Various Income Sources in 55408 in 2019-2023

View Data Table ↓

Percent
Earnings 91.1
Social Security 9.9
Retirement income 8.9
Supplemental Security Income (SSI) 3.9
Cash public assistance income 4.8

Poverty and Participation in Government Programs

In 2019-2023, 15.3 % of people were in poverty. An estimated 24.6% of children under 18 were below the poverty level, compared with 16.4% of people 65 years old and over. An estimated 13.6% of people 18 to 64 years were below the poverty level.

Poverty Rates in 55408 in 2019-2023

View Data Table ↓

Percent
People in poverty 15.3
Children under 18 years below poverty 24.6
People 65 years old and over below poverty 16.4
People 18 to 64 years below poverty 13.6

In 2019-2023, 9.6 % of households received SNAP (the Supplemental Nutrition Assistance Program). An estimated 48.5% of households that received SNAP had children under 18, and 16.8% of households that received SNAP had one or more people 60 years and over. An estimated 31.8% of all households receiving SNAP were families with a female householder and no spouse present.


Among the civilian noninstitutionalized population in 55408 in 2019-2023, 92.1% had health insurance coverage and 7.9% did not have health insurance coverage. Private coverage was 67.3% and public coverage was 30.2%, respectively. The percentage of children under the age of 19 with no health insurance coverage was 1.2%.


In 2019-2023, 55408 had a total population of 32,534 - 15,745 (48.4%) females and 16,789 (51.6%) males. The median age was 30.1 years. An estimated 13.6% of the population was under 18 years, 59.7% was 19 to 44 years, 17.6% was 45 to 64 years, and 7.2 % was 65 years and older.

Population by Age and Sex for 55408 in 2019-2023

Male Female
Under 5 850 768
5 to 9 521 576
10 to 14 602 369
15 to 19 645 698
20 to 24 2212 2131
25 to 29 3515 3305
30 to 34 1975 2122
35 to 39 1411 977
40 to 44 986 800
45 to 49 840 641
50 to 54 655 843
55 to 59 853 671
60 to 64 585 632
65 to 69 387 395
70 to 74 400 350
75 to 79 98 209
80 to 84 102 113
85 and over 152 145

Hispanic Origin and Race

For people reporting one race alone, 62.7% were White; 17.4% were Black or African American; 1% were American Indian and Alaska Native; 0% were Asian; 0.4% were Native Hawaiian and Other Pacific Islander, and 0.2% were Some Other Race. An estimated 9.3% reported Two or More Races. An estimated 0.4% of the people in 55408 were Hispanic or Latino. An estimated 0.2% of the people in 55408 were White alone, non-Hispanic. People of Hispanic origin may be of any race.


Households and Families

In 2019-2023, there were 17,153 households in 55408. The average household size was 1.86 people.

Married-couple households made up 18.5% of the households in 55408 while cohabiting couple households made up 12.5% of households. Female householders with no spouse or partner present were 34.1% of all households, while 35% of households had male householders with no spouse or partner present. Some households had one person, as 27.6% of households were male householders living alone, and 24.9% were female householders living alone, for a total of 52.5% of all households.

In 55408, 12.2% of all households had one or more people under the age of 18; 10% of all households had one or more people 65 years and over.

Types of Households in 55408 in 2019-2023

View Data Table ↓

Percent
Married-couple households 18.5
Cohabiting Couples 12.5
Male Householder
No spouse/partner present
35
Female Householder
No spouse/partner present
34.1

Marital Status

Among persons 15 and older, 22.5% of males and 24.3% of females were currently married.

Population 15 years and over Percent
Males
Percent
Females
Never married 66.2 61.1
Now married, except separated 22.5 24.3
Separated 1.2 0.9
Widowed 0.6 2.8
Divorced 9.5 10.9

Grandparents and Grandchildren

In 55408, 116 grandparents lived with their grandchildren under 18 years old. Of those grandparents, 8.6% were responsible for the basic needs of their grandchildren.


Nativity and Foreign-Born

In 2019-2023, an estimated 84.7% of the people living in 55408 were U.S. natives. 46.8% of the 55408 population were living in the state where they were born.

Approximately 15.3% of 55408 residents in 2019-2023 were foreign-born. 52.8% of foreign-born were naturalized U.S. citizens and an estimated 62.3 % entered the country before the year 2010.

Foreign-born residents of 55408 come from different parts of the world. The bar graph below displays the percentage of foreign-born from each world region of birth in 2019-2023 for 55408.

Region of Birth for the Foreign-Born Population in 55408 in 2019-2023

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Percent
Latin America 21
Asia 17
Europe 10.5
Africa 49.1
Northern America 2.4
Oceania 0

Language

Among people at least five years old living in 55408 in 2019-2023, 21.2 % spoke a language other than English at home. Spanish was spoken by 8.2% of people at least five years old; 8.2% reported that they did not speak English "very well."

Percentage of the Population 5 years and over who Speak a Language other than English in 55408 in 2019-2023

View Data Table ↓

Percent
Spanish 8.2
Other Indo-European languages 3.7
Asian and Pacific Islander languages 2
Other languages 7.4

Geographic Mobility

In 2019-2023, 70.9 % of the people at least one year old living in 55408 were living in the same house one year earlier.

Geographic Mobility of Residents of 55408 in 2019-2023

View Data Table ↓

Percent
Same house 70.9
Different house, same county 16
Different county, same state 5.6
Different state 6.9
Abroad 0.5

Education

In 2019-2023, 90.8 % of people 25 years and over had at least graduated from high school and 58.9% had a bachelor's degree or higher. An estimated 9.2% did not complete high school.

The total school enrollment in 55408 was 6,063 in 2019-2023. Nursery school enrollment was 190 and kindergarten through 12th grade enrollment was 3,063. College or graduate school enrollment was 2,810.

Educational Attainment of People in 55408 in 2019-2023

View Data Table ↓

Percent
Less than high school diploma 9.2
High school diploma or equivalency 11.2
Some college, no degree 13.1
Associate's degree 7.6
Bachelor's degree 38.9
Graduate or professional degree 20

Disability

In 55408, among the civilian noninstitutionalized population in 2019-2023, 10.6 % reported a disability. The likelihood of having a disability varied by age - from 4.5% of people under 18 years old, to 10% of people 18 to 64 years old, and to 29.9% of those 65 and over.


Employment Status and Type of Employer

In 55408, 76.5 % of the population 16 and over were employed; 18.2% were not currently in the labor force.

An estimated 82.7% of the people employed were private wage and salary workers; 12% were federal, state, or local government workers; and 5.3 % were self-employed in their own (not incorporated) business.

Class of worker Number Percent
Private wage and salary workers 18,076 82.7
Federal, state, or local government workers 2,631 12
Self-employed workers in own not incorporated business 1,150 5.3

Industries

In 2019-2023, the civilian employed population 16 years and older in 55408 worked in the following industries:

Percent by Industry in 55408 in 2019-2023

View Data Table ↓

Percent
Agriculture, forestry, fishing and hunting, and mining 1.2
Construction 2.9
Manufacturing 8.5
Wholesale trade 2.2
Retail trade 10.4
Transportation and warehousing, and utilities 4
Information 3.2
Finance and insurance, and real estate and rental and leasing 9.2
Professional, scientific, and management, and administrative and waste management services 16
Educational services, and health care and social assistance 22.3
Arts, entertainment, and recreation, and accommodation, and food services 10.7
Other Services, except public administration 5.5
Public administration 4

Occupations

Occupations for the Civilian Employed Population 16 Years and over in 55408 in 2019-2023

Civilian employed population 16 years and over Number Percent
Management, business, sciences, and arts occupations 13,141 60.1
Service occupations 2,836 13
Sales and office occupations 3,698 16.9
Natural resources, construction, and maintenance occupations 538 2.5
Production, transportation, and material moving occupations 1,644 7.5

Commuting to Work

An estimated 54.5% of 55408 workers drove to work alone in 2019-2023, and 4.1% carpooled. Among those who commuted to work, it took them on average 23.8 minutes to get to work.

Percent of Workers 16 and over Commuting by Mode in 55408 in 2019-2023

View Data Table ↓

Percent
Car, truck, van -- drove alone 54.5
Car, truck, van -- carpooled 4.1
Public transportation (excluding taxicab) 9.4
Walked 3.4
Other means 4.8
Worked from home 23.8

In 2019-2023, 55408 had a total of 17,874 housing units. Of these housing units, 18.9% were single-family houses either not attached to any other structure or attached to one or more structures (commonly referred to as "townhouses" or "row houses"). 81.1% of the housing units were located in multi-unit structures, or those buildings that contained two or more apartments. 0% were mobile homes, while any remaining housing units were classified as "other," which included boats, recreational vehicles, vans, etc.

Types of Housing Units in 55408 in 2019-2023

View Data Table ↓

Percent
Single-family houses 18.9
Apartments in multi-unit structures 81.1
Mobile homes 0
Boat, RV, van, etc 0

12.5% of the housing inventory was comprised of houses built since 2010, while 45.8% of the houses were first built in 1939 or earlier. The median number of rooms in all housing units in 55408 was 3.8 rooms, and of these housing units 22% had three or more bedrooms.


In 2019-2023, 55408 had 17,153 housing units that were occupied or had people living in them, while the remaining 721 were vacant. Of the occupied housing units, the percentage of these houses occupied by owners (also known as the homeownership rate) was 24.8% while renters occupied 75.2%. The average household size of owner-occupied houses was 2.17 and in renter-occupied houses it was 1.76.

22.1% of householders of these occupied houses had moved into their house since 2021, while 2.7% moved into their house in 1989 or earlier. Households without a vehicle available for personal use comprised 13.5% and another 6.9% had three or more vehicles available for use.

The following chart provides the primary fuel used to heat houses in 55408:

House Heating Fuel Used in 55408 in 2019-2023

View Data Table ↓

Percent
Gas † 65.3
Electricity 31.1
Fuel oil, kerosene, etc 0.3
All other fuels 2.1
No fuel used 1.2

In 2019-2023, the median property value for owner-occupied houses in 55408 was $387,500.

Of the owner-occupied households, 70.3 % had a mortgage. 29.7% owned their houses "free and clear," that is without a primary mortgage or loan on the house. The median monthly housing costs for owners with a mortgage was $2,486 and for owners without a mortgage it was $817.

For renter-occupied houses, the median gross rent for 55408 was $1,385. Gross rent includes the monthly contract rent and any monthly payments made for electricity, gas, water and sewer, and any other fuels to heat the house.