55016 can be classified socioeconomically as Middle Class class compared to other ZIP Codes in Minnesota based on Median Household Income and Average Adjusted Gross Income. The majority race/ethnicity residing in 55016 is White. The majority race/ethnicity attending public schools in 55016 is White. The current unemployment level in 55016 is 3.9%.
| Population | 38,842 |
| Population Growth Rate | 7.30% |
| Population Density | 1,308 People per Square Mile |
| Total Households | 11,492 |
| Percentage High Income Households | 3.5% |
| Median Household Income (2021) | $108,159 |
| Average Adjusted Gross Income (2021) | $333,350 |
| Current Unemployment Rate (September 2025) | 3.9% |
| Sales Tax Rate (2025) | 8.4% |
| Majority Race/Ethnicty | White - 83.59% |
| Public School Majority Race/Ethnicty | White - 65.23% |
55016 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 31,472 | 83.45% |
| Black | 1,924 | 5.1% |
| Hispanic | 1,642 | 4.35% |
| Asian | 2,604 | 6.9% |
| Native American | 10 | 0.03% |
| Hawaiian/Pac. Islander | 62 | 0.16% |
55016 Public School Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 4,811 | 70.21% |
| Black | 610 | 8.9% |
| Hispanic | 747 | 10.9% |
| Asian | 651 | 9.5% |
| Native American | 30 | 0.44% |
| Hawaiian/Pac. Islander | 3 | 0.04% |
55016 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 1,687 | 8.14% |
| Bachelor Degree | 4,933 | 23.81% |
| High School Diploma | 5,274 | 25.46% |
| No High School Diploma | 261 | 1.26% |
| GED or Alternate | 699 | 3.37% |
| 1 or More Years of College | 3,179 | 15.35% |
| Associates Degree | 2,869 | 13.85% |
| Masters Degree | 1,347 | 6.5% |
| Professional Degree | 327 | 1.58% |
| Doctorate Degree | 140 | 0.68% |