ZIP Code Tabulation Area

55418

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
31,505
Median household income
$99,397
People below poverty
6.6%
Median home value
$348,700

Income

The median income of households in 55418 was $99,397. An estimated 3.3% of households had income below $10,000 a year and 16.6% had income of $200,000 or more.

Household Income in 55418 in 2020-2024

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Percent
Less than $10,000 3.3
$10,000 to $14,999 3.4
$15,000 to $24,999 4.5
$25,000 to $34,999 4.4
$35,000 to $49,999 8.2
$50,000 to $74,999 13.6
$75,000 to $99,999 13
$100,000 to $149,999 20.8
$150,000 to $199,999 12.3
$200,000 or more 16.6

Median Earnings for Full-Time Year-Round Workers by Sex in 55418 in 2020-2024

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Dollars
Male 84012
Female 73894

An estimated 81.6% of households received earnings. An estimated 24.2% of households received Social Security and an estimated 18.8 % of households received retirement income other than Social Security. The average income from Social Security was $24,403. 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 55418 in 2020-2024

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Percent
Earnings 81.6
Social Security 24.2
Retirement income 18.8
Supplemental Security Income (SSI) 2.7
Cash public assistance income 4.3

Poverty and Participation in Government Programs

In 2020-2024, 6.6 % of people were in poverty. An estimated 4.8% of children under 18 were below the poverty level, compared with 10% of people 65 years old and over. An estimated 6.5% of people 18 to 64 years were below the poverty level.

Poverty Rates in 55418 in 2020-2024

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Percent
People in poverty 6.6
Children under 18 years below poverty 4.8
People 65 years old and over below poverty 10
People 18 to 64 years below poverty 6.5

In 2020-2024, 8 % of households received SNAP (the Supplemental Nutrition Assistance Program). An estimated 42.2% of households that received SNAP had children under 18, and 31% of households that received SNAP had one or more people 60 years and over. An estimated 26% of all households receiving SNAP were families with a female householder and no spouse present.


Among the civilian noninstitutionalized population in 55418 in 2020-2024, 96.3% had health insurance coverage and 3.7% did not have health insurance coverage. Private coverage was 75.2% and public coverage was 32.1%, respectively. The percentage of children under the age of 19 with no health insurance coverage was 1.5%.


In 2020-2024, 55418 had a total population of 31,505 - 15,037 (47.7%) females and 16,468 (52.3%) males. The median age was 37.2 years. An estimated 20.4% of the population was under 18 years, 41.6% was 19 to 44 years, 22.4% was 45 to 64 years, and 14.6 % was 65 years and older.

Population by Age and Sex for 55418 in 2020-2024

Male Female
Under 5 1410 947
5 to 9 946 599
10 to 14 700 1003
15 to 19 522 623
20 to 24 834 647
25 to 29 1503 1120
30 to 34 1675 1879
35 to 39 1551 1196
40 to 44 1531 1167
45 to 49 1116 884
50 to 54 1213 1066
55 to 59 580 539
60 to 64 803 844
65 to 69 722 799
70 to 74 755 684
75 to 79 272 350
80 to 84 139 228
85 and over 196 462

Hispanic Origin and Race

For people reporting one race alone, 75.4% were White; 9.5% were Black or African American; 3.3% were American Indian and Alaska Native; 3% were Asian; 1.3% were Native Hawaiian and Other Pacific Islander, and 0% were Some Other Race. An estimated 8.2% reported Two or More Races. An estimated 7.2% of the people in 55418 were Hispanic or Latino. An estimated 73.8% of the people in 55418 were White alone, non-Hispanic. People of Hispanic origin may be of any race.


Households and Families

In 2020-2024, there were 14,148 households in 55418. The average household size was 2.2 people.

Married-couple households made up 38% of the households in 55418 while cohabiting couple households made up 11.3% of households. Female householders with no spouse or partner present were 25.6% of all households, while 25.1% of households had male householders with no spouse or partner present. Some households had one person, as 19.1% of households were male householders living alone, and 17.5% were female householders living alone, for a total of 36.6% of all households.

In 55418, 24.5% of all households had one or more people under the age of 18; 23.8% of all households had one or more people 65 years and over.

Types of Households in 55418 in 2020-2024

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Percent
Married-couple households 38
Cohabiting Couples 11.3
Male Householder
No spouse/partner present
25.1
Female Householder
No spouse/partner present
25.6

Marital Status

Among persons 15 and older, 43.3% of males and 42.8% of females were currently married.

Population 15 years and over Percent
Males
Percent
Females
Never married 44.4 37.7
Now married, except separated 43.3 42.8
Separated 0.2 1.2
Widowed 2.4 3.8
Divorced 9.7 14.5

Grandparents and Grandchildren

In 55418, 80 grandparents lived with their grandchildren under 18 years old. Of those grandparents, 53.8% were responsible for the basic needs of their grandchildren.


Nativity and Foreign-Born

In 2020-2024, an estimated 89.7% of the people living in 55418 were U.S. natives. 62.3% of the 55418 population were living in the state where they were born.

Approximately 10.3% of 55418 residents in 2020-2024 were foreign-born. 64.1% of foreign-born were naturalized U.S. citizens and an estimated 56.6 % entered the country before the year 2010.

Foreign-born residents of 55418 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 55418.

Region of Birth for the Foreign-Born Population in 55418 in 2020-2024

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Percent
Latin America 34.5
Asia 19.8
Europe 4.1
Africa 40
Northern America 1.6
Oceania 0

Language

Among people at least five years old living in 55418 in 2020-2024, 13.9 % spoke a language other than English at home. Spanish was spoken by 4.5% of people at least five years old; 5% 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 55418 in 2020-2024

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Percent
Spanish 4.5
Other Indo-European languages 1.6
Asian and Pacific Islander languages 2.2
Other languages 5.7

Geographic Mobility

In 2020-2024, 87.8 % of the people at least one year old living in 55418 were living in the same house one year earlier.

Geographic Mobility of Residents of 55418 in 2020-2024

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Percent
Same house 87.8
Different house, same county 7.1
Different county, same state 4.3
Different state 0.6
Abroad 0.3

Education

In 2020-2024, 94.4 % of people 25 years and over had at least graduated from high school and 54.3% had a bachelor's degree or higher. An estimated 5.7% did not complete high school.

The total school enrollment in 55418 was 6,273 in 2020-2024. Nursery school enrollment was 555 and kindergarten through 12th grade enrollment was 4,063. College or graduate school enrollment was 1,655.

Educational Attainment of People in 55418 in 2020-2024

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Percent
Less than high school diploma 5.7
High school diploma or equivalency 15.2
Some college, no degree 16.1
Associate's degree 8.7
Bachelor's degree 33.9
Graduate or professional degree 20.4

Disability

In 55418, among the civilian noninstitutionalized population in 2020-2024, 11.2 % reported a disability. The likelihood of having a disability varied by age - from 4.6% of people under 18 years old, to 8.9% of people 18 to 64 years old, and to 31.2% of those 65 and over.


Employment Status and Type of Employer

In 55418, 70.9 % of the population 16 and over were employed; 25.6% were not currently in the labor force.

An estimated 81.3% of the people employed were private wage and salary workers; 13.3% were federal, state, or local government workers; and 5.2 % were self-employed in their own (not incorporated) business.

Class of worker Number Percent
Private wage and salary workers 14,787 81.3
Federal, state, or local government workers 2,428 13.3
Self-employed workers in own not incorporated business 941 5.2

Industries

In 2020-2024, the civilian employed population 16 years and older in 55418 worked in the following industries:

Percent by Industry in 55418 in 2020-2024

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Percent
Agriculture, forestry, fishing and hunting, and mining 0.2
Construction 4.3
Manufacturing 11.2
Wholesale trade 2.1
Retail trade 10.8
Transportation and warehousing, and utilities 5.3
Information 2.9
Finance and insurance, and real estate and rental and leasing 7.6
Professional, scientific, and management, and administrative and waste management services 13.8
Educational services, and health care and social assistance 27.8
Arts, entertainment, and recreation, and accommodation, and food services 6.9
Other Services, except public administration 4.9
Public administration 2.2

Occupations

Occupations for the Civilian Employed Population 16 Years and over in 55418 in 2020-2024

Civilian employed population 16 years and over Number Percent
Management, business, sciences, and arts occupations 10,689 58.7
Service occupations 1,795 9.9
Sales and office occupations 2,928 16.1
Natural resources, construction, and maintenance occupations 1,060 5.8
Production, transportation, and material moving occupations 1,727 9.5

Commuting to Work

An estimated 56.6% of 55418 workers drove to work alone in 2020-2024, and 6.9% carpooled. Among those who commuted to work, it took them on average 22.9 minutes to get to work.

Percent of Workers 16 and over Commuting by Mode in 55418 in 2020-2024

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Percent
Car, truck, van -- drove alone 56.6
Car, truck, van -- carpooled 6.9
Public transportation (excluding taxicab) 3.1
Walked 1.5
Other means 3.4
Worked from home 28.6

In 2020-2024, 55418 had a total of 15,169 housing units. Of these housing units, 65.5% 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"). 33.8% of the housing units were located in multi-unit structures, or those buildings that contained two or more apartments. 0.7% were mobile homes, while any remaining housing units were classified as "other," which included boats, recreational vehicles, vans, etc.

Types of Housing Units in 55418 in 2020-2024

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Percent
Single-family houses 65.5
Apartments in multi-unit structures 33.8
Mobile homes 0.7
Boat, RV, van, etc 0

3.6% of the housing inventory was comprised of houses built since 2010, while 41.9% of the houses were first built in 1939 or earlier. The median number of rooms in all housing units in 55418 was 5.7 rooms, and of these housing units 51.3% had three or more bedrooms.


In 2020-2024, 55418 had 14,148 housing units that were occupied or had people living in them, while the remaining 1,021 were vacant. Of the occupied housing units, the percentage of these houses occupied by owners (also known as the homeownership rate) was 66.3% while renters occupied 33.7%. The average household size of owner-occupied houses was 2.4 and in renter-occupied houses it was 1.81.

4.2% of householders of these occupied houses had moved into their house since 2021, while 11.3% moved into their house in 1989 or earlier. Households without a vehicle available for personal use comprised 8.5% and another 12.6% had three or more vehicles available for use.

The following chart provides the primary fuel used to heat houses in 55418:

House Heating Fuel Used in 55418 in 2020-2024

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Percent
Gas 85.8
Electricity 13.2
Fuel oil, kerosene, etc 0
All other fuels 0.4
No fuel used 0.7

In 2020-2024, the median property value for owner-occupied houses in 55418 was $348,700.

Of the owner-occupied households, 72.2 % had a mortgage. 27.8% 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 $1,975 and for owners without a mortgage it was $791.

For renter-occupied houses, the median gross rent for 55418 was $1,425. 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.