55416 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 55416 is White. The majority race/ethnicity attending public schools in 55416 is White. The current unemployment level in 55416 is 3.9%.
| Population | 34,715 |
| Population Growth Rate | 0.00% |
| Population Density | 4,647 People per Square Mile |
| Total Households | 14,767 |
| Percentage High Income Households | 11.8% |
| Median Household Income (2021) | $93,875 |
| Average Adjusted Gross Income (2021) | $579,590 |
| Current Unemployment Rate (September 2025) | 3.9% |
| Sales Tax Rate (2025) | 9.8% |
| Majority Race/Ethnicty | White - 86.33% |
| Public School Majority Race/Ethnicty | White - 56.56% |
55416 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 28,960 | 86.3% |
| Black | 1,502 | 4.48% |
| Hispanic | 1,742 | 5.19% |
| Asian | 1,222 | 3.64% |
| Native American | 120 | 0.36% |
| Hawaiian/Pac. Islander | 10 | 0.03% |
55416 Public School Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 319 | 61.46% |
| Black | 108 | 20.81% |
| Hispanic | 61 | 11.75% |
| Asian | 25 | 4.82% |
| Native American | 4 | 0.77% |
| Hawaiian/Pac. Islander | 2 | 0.39% |
55416 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 907 | 4.16% |
| Bachelor Degree | 8,992 | 41.26% |
| High School Diploma | 1,939 | 8.9% |
| No High School Diploma | 147 | 0.67% |
| GED or Alternate | 377 | 1.73% |
| 1 or More Years of College | 2,457 | 11.28% |
| Associates Degree | 1,419 | 6.51% |
| Masters Degree | 3,216 | 14.76% |
| Professional Degree | 1,338 | 6.14% |
| Doctorate Degree | 999 | 4.58% |