ZIP Code Tabulation Area

55415

Minneapolis, MN · ACS 2020–2024

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Latest estimates

At a glance

U.S. Census Bureau American Community Survey 5-year estimates.

Total population
6,900
Median household income
$124,921
People below poverty
14%
Median home value
$625,500

Income

The median income of households in 55415 was $124,921. An estimated 3.5% of households had income below $10,000 a year and 24.7% had income of $200,000 or more.

Household Income in 55415 in 2020-2024

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Percent
Less than $10,000 3.5
$10,000 to $14,999 3.2
$15,000 to $24,999 3.3
$25,000 to $34,999 4.1
$35,000 to $49,999 5.2
$50,000 to $74,999 13.2
$75,000 to $99,999 8.9
$100,000 to $149,999 17.4
$150,000 to $199,999 16.5
$200,000 or more 24.7

Median Earnings for Full-Time Year-Round Workers by Sex in 55415 in 2020-2024

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Dollars
Male 134774
Female 105602

An estimated 89.4% of households received earnings. An estimated 11.9% of households received Social Security and an estimated 20.7 % of households received retirement income other than Social Security. The average income from Social Security was $38,904. 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 55415 in 2020-2024

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Percent
Earnings 89.4
Social Security 11.9
Retirement income 20.7
Supplemental Security Income (SSI) 4.1
Cash public assistance income 2.9

Poverty and Participation in Government Programs

In 2020-2024, 14 % of people were in poverty. An estimated 14.6% of children under 18 were below the poverty level, compared with 5.7% of people 65 years old and over. An estimated 15.1% of people 18 to 64 years were below the poverty level.

Poverty Rates in 55415 in 2020-2024

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Percent
People in poverty 14
Children under 18 years below poverty 14.6
People 65 years old and over below poverty 5.7
People 18 to 64 years below poverty 15.1

In 2020-2024, 3 % of households received SNAP (the Supplemental Nutrition Assistance Program). An estimated 20% of households that received SNAP had children under 18, and 37% of households that received SNAP had one or more people 60 years and over. An estimated 42% of all households receiving SNAP were families with a female householder and no spouse present.


Among the civilian noninstitutionalized population in 55415 in 2020-2024, 95.8% had health insurance coverage and 4.2% did not have health insurance coverage. Private coverage was 79.5% and public coverage was 24.2%, respectively. The percentage of children under the age of 19 with no health insurance coverage was 8.2%.


In 2020-2024, 55415 had a total population of 6,900 - 2,759 (40%) females and 4,141 (60%) males. The median age was 33.2 years. An estimated 10.1% of the population was under 18 years, 57.2% was 19 to 44 years, 20% was 45 to 64 years, and 9.4 % was 65 years and older.

Population by Age and Sex for 55415 in 2020-2024

Male Female
Under 5 304 36
5 to 9 46 126
10 to 14 95 30
15 to 19 268 24
20 to 24 297 214
25 to 29 650 642
30 to 34 660 392
35 to 39 433 335
40 to 44 275 49
45 to 49 44 51
50 to 54 69 116
55 to 59 274 177
60 to 64 387 259
65 to 69 142 114
70 to 74 67 65
75 to 79 82 59
80 to 84 18 70
85 and over 30 0

Hispanic Origin and Race

For people reporting one race alone, 62.8% were White; 15.5% were Black or African American; 7.9% were American Indian and Alaska Native; 11.7% were Asian; 3.2% were Native Hawaiian and Other Pacific Islander, and 0% were Some Other Race. An estimated 6.1% reported Two or More Races. An estimated 3.5% of the people in 55415 were Hispanic or Latino. An estimated 62.3% of the people in 55415 were White alone, non-Hispanic. People of Hispanic origin may be of any race.


Households and Families

In 2020-2024, there were 3,286 households in 55415. The average household size was 1.67 people.

Married-couple households made up 32.2% of the households in 55415 while cohabiting couple households made up 7.6% of households. Female householders with no spouse or partner present were 22.7% of all households, while 37.5% of households had male householders with no spouse or partner present. Some households had one person, as 31.8% of households were male householders living alone, and 18.8% were female householders living alone, for a total of 50.6% of all households.

In 55415, 7.8% of all households had one or more people under the age of 18; 13.6% of all households had one or more people 65 years and over.

Types of Households in 55415 in 2020-2024

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Percent
Married-couple households 32.2
Cohabiting Couples 7.6
Male Householder
No spouse/partner present
37.5
Female Householder
No spouse/partner present
22.7

Marital Status

Among persons 15 and older, 31.1% of males and 40.3% of females were currently married.

Population 15 years and over Percent
Males
Percent
Females
Never married 58 47.9
Now married, except separated 31.1 40.3
Separated 0.9 1
Widowed 2.1 3.3
Divorced 7.9 7.5

Grandparents and Grandchildren

In 55415, 42 grandparents lived with their grandchildren under 18 years old. Of those grandparents, 100% were responsible for the basic needs of their grandchildren.


Nativity and Foreign-Born

In 2020-2024, an estimated 84.2% of the people living in 55415 were U.S. natives. 40% of the 55415 population were living in the state where they were born.

Approximately 15.8% of 55415 residents in 2020-2024 were foreign-born. 51% of foreign-born were naturalized U.S. citizens and an estimated 55.3 % entered the country before the year 2010.

Foreign-born residents of 55415 come from different parts of the world. The bar graph below displays the percentage of foreign-born from each world region of birth in 2020-2024 for 55415.

Region of Birth for the Foreign-Born Population in 55415 in 2020-2024

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Percent
Latin America 4.2
Asia 72.8
Europe 10.1
Africa 8.1
Northern America 4.8
Oceania 0

Language

Among people at least five years old living in 55415 in 2020-2024, 13.8 % spoke a language other than English at home. Spanish was spoken by 1.5% of people at least five years old; 1.6% 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 55415 in 2020-2024

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Percent
Spanish 1.5
Other Indo-European languages 4.1
Asian and Pacific Islander languages 5.6
Other languages 2.7

Geographic Mobility

In 2020-2024, 62.9 % of the people at least one year old living in 55415 were living in the same house one year earlier.

Geographic Mobility of Residents of 55415 in 2020-2024

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Percent
Same house 62.9
Different house, same county 20.7
Different county, same state 7.3
Different state 8
Abroad 1.2

Education

In 2020-2024, 95.7 % of people 25 years and over had at least graduated from high school and 66.8% had a bachelor's degree or higher. An estimated 4.3% did not complete high school.

The total school enrollment in 55415 was 1,121 in 2020-2024. Nursery school enrollment was 14 and kindergarten through 12th grade enrollment was 378. College or graduate school enrollment was 729.

Educational Attainment of People in 55415 in 2020-2024

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Percent
Less than high school diploma 4.3
High school diploma or equivalency 9
Some college, no degree 16.4
Associate's degree 3.5
Bachelor's degree 34.8
Graduate or professional degree 32.1

Disability

In 55415, among the civilian noninstitutionalized population in 2020-2024, 12.1 % reported a disability. The likelihood of having a disability varied by age - from 23.9% of people under 18 years old, to 9.1% of people 18 to 64 years old, and to 23.3% of those 65 and over.


Employment Status and Type of Employer

In 55415, 61.3 % of the population 16 and over were employed; 34.4% were not currently in the labor force.

An estimated 85.8% of the people employed were private wage and salary workers; 9.8% were federal, state, or local government workers; and 4.4 % were self-employed in their own (not incorporated) business.

Class of worker Number Percent
Private wage and salary workers 3,292 85.8
Federal, state, or local government workers 376 9.8
Self-employed workers in own not incorporated business 167 4.4

Industries

In 2020-2024, the civilian employed population 16 years and older in 55415 worked in the following industries:

Percent by Industry in 55415 in 2020-2024

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Percent
Agriculture, forestry, fishing and hunting, and mining 0
Construction 2.2
Manufacturing 7.6
Wholesale trade 3.3
Retail trade 7.6
Transportation and warehousing, and utilities 1.2
Information 3.9
Finance and insurance, and real estate and rental and leasing 8.2
Professional, scientific, and management, and administrative and waste management services 33.4
Educational services, and health care and social assistance 21
Arts, entertainment, and recreation, and accommodation, and food services 6.4
Other Services, except public administration 4
Public administration 1.4

Occupations

Occupations for the Civilian Employed Population 16 Years and over in 55415 in 2020-2024

Civilian employed population 16 years and over Number Percent
Management, business, sciences, and arts occupations 2,711 70.7
Service occupations 123 3.2
Sales and office occupations 706 18.4
Natural resources, construction, and maintenance occupations 134 3.5
Production, transportation, and material moving occupations 161 4.2

Commuting to Work

An estimated 37.5% of 55415 workers drove to work alone in 2020-2024, and 1.5% carpooled. Among those who commuted to work, it took them on average 17.1 minutes to get to work.

Percent of Workers 16 and over Commuting by Mode in 55415 in 2020-2024

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Percent
Car, truck, van -- drove alone 37.5
Car, truck, van -- carpooled 1.5
Public transportation (excluding taxicab) 1.8
Walked 21.7
Other means 3.6
Worked from home 33.8

In 2020-2024, 55415 had a total of 3,536 housing units. Of these housing units, 4.8% 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"). 95.1% 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 55415 in 2020-2024

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Percent
Single-family houses 4.8
Apartments in multi-unit structures 95.1
Mobile homes 0
Boat, RV, van, etc 0

58.1% of the housing inventory was comprised of houses built since 2010, while 5.7% of the houses were first built in 1939 or earlier. The median number of rooms in all housing units in 55415 was 3 rooms, and of these housing units 6.7% had three or more bedrooms.


In 2020-2024, 55415 had 3,286 housing units that were occupied or had people living in them, while the remaining 250 were vacant. Of the occupied housing units, the percentage of these houses occupied by owners (also known as the homeownership rate) was 33.7% while renters occupied 66.3%. The average household size of owner-occupied houses was 2 and in renter-occupied houses it was 1.49.

16.1% of householders of these occupied houses had moved into their house since 2021, while 1.8% moved into their house in 1989 or earlier. Households without a vehicle available for personal use comprised 15.9% and another 3.4% had three or more vehicles available for use.

The following chart provides the primary fuel used to heat houses in 55415:

House Heating Fuel Used in 55415 in 2020-2024

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Percent
Gas 50.5
Electricity 46.6
Fuel oil, kerosene, etc 0
All other fuels 2.6
No fuel used 0.3

In 2020-2024, the median property value for owner-occupied houses in 55415 was $625,500.

Of the owner-occupied households, 73.8 % had a mortgage. 26.2% 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 $3,512 and for owners without a mortgage it was $1,453.

For renter-occupied houses, the median gross rent for 55415 was $1,870. 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.