55407 can be classified socioeconomically as Lower 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 55407 is White. The majority race/ethnicity attending public schools in 55407 is Hispanic. The current unemployment level in 55407 is 3.9%.
| Population | 36,997 |
| Population Growth Rate | -4.89% |
| Population Density | 10,283 People per Square Mile |
| Total Households | 14,117 |
| Percentage High Income Households | 1.2% |
| Median Household Income (2021) | $70,125 |
| Average Adjusted Gross Income (2021) | $320,430 |
| Current Unemployment Rate (September 2025) | 3.9% |
| Sales Tax Rate (2025) | 9.0% |
| Majority Race/Ethnicty | White - 56.17% |
| Public School Majority Race/Ethnicty | Hispanic - 42.43% |
55407 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 22,002 | 56.17% |
| Black | 7,262 | 18.54% |
| Hispanic | 8,644 | 22.07% |
| Asian | 745 | 1.9% |
| Native American | 520 | 1.33% |
| Hawaiian/Pac. Islander | 0 | 0% |
55407 Public School Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 1,170 | 21.66% |
| Black | 1,527 | 28.27% |
| Hispanic | 2,383 | 44.11% |
| Asian | 97 | 1.8% |
| Native American | 218 | 4.04% |
| Hawaiian/Pac. Islander | 7 | 0.13% |
55407 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 1,127 | 5.47% |
| Bachelor Degree | 6,164 | 29.93% |
| High School Diploma | 3,782 | 18.37% |
| No High School Diploma | 811 | 3.94% |
| GED or Alternate | 577 | 2.8% |
| 1 or More Years of College | 3,301 | 16.03% |
| Associates Degree | 1,750 | 8.5% |
| Masters Degree | 2,077 | 10.09% |
| Professional Degree | 687 | 3.34% |
| Doctorate Degree | 317 | 1.54% |