55408 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 55408 is White. The majority race/ethnicity attending public schools in 55408 is African American. The current unemployment level in 55408 is 3.9%.
| Population | 32,312 |
| Population Growth Rate | 0.96% |
| Population Density | 9,866 People per Square Mile |
| Total Households | 15,163 |
| Percentage High Income Households | 2.6% |
| Median Household Income (2021) | $64,911 |
| Average Adjusted Gross Income (2021) | $551,120 |
| Current Unemployment Rate (September 2025) | 3.9% |
| Sales Tax Rate (2025) | 9.0% |
| Majority Race/Ethnicty | White - 64.83% |
| Public School Majority Race/Ethnicty | African American - 33.33% |
55408 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 20,546 | 64.74% |
| Black | 5,086 | 16.03% |
| Hispanic | 4,840 | 15.25% |
| Asian | 1,009 | 3.18% |
| Native American | 212 | 0.67% |
| Hawaiian/Pac. Islander | 41 | 0.13% |
55408 Public School Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 238 | 31.95% |
| Black | 267 | 35.84% |
| Hispanic | 222 | 29.8% |
| Asian | 10 | 1.34% |
| Native American | 8 | 1.07% |
| Hawaiian/Pac. Islander | 0 | 0% |
55408 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 755 | 4.08% |
| Bachelor Degree | 5,891 | 31.86% |
| High School Diploma | 2,766 | 14.96% |
| No High School Diploma | 562 | 3.04% |
| GED or Alternate | 420 | 2.27% |
| 1 or More Years of College | 3,104 | 16.78% |
| Associates Degree | 1,387 | 7.5% |
| Masters Degree | 2,211 | 11.96% |
| Professional Degree | 806 | 4.36% |
| Doctorate Degree | 591 | 3.2% |