Owatonna, MN — Demographics & Statistics
ZIP code 55060 serves a portion of Owatonna, Minnesota, within Steele County. This community is home to approximately 8,203 residents, with a median age of 32.4 years. The median household income of $80,809 sits above the national median of $67,521, while median home values of $509,096 are above the national average of $301,500. The area has a renter-majority housing profile, with 44% owner-occupied and 56% renter-occupied units. Cost of living in this part of Owatonna is higher than the national baseline, with an index of 107 (100 = national average). With a college-education rate of 54% and an unemployment rate of 7.0%, 55060 reflects the economic character of Steele County in Minnesota.
| Category | Statistic | Value | vs. National Avg |
|---|---|---|---|
| Population | Total Population | 8,203 | — |
| Population | Density (per sq mi) | 5,323 | — |
| Economics | Median Household Income | $80,809 | ↑ 20% vs nat'l avg |
| Economics | Median Home Value | $509,096 | ↑ 69% vs nat'l avg |
| Economics | Cost of Living Index | 107 | ↑ Higher than avg |
| Economics | Unemployment Rate | 7.0% | ↑ 79% vs nat'l avg |
| Economics | Below Poverty Line | 5.5% | ↓ 52% vs nat'l avg |
| Education | College Educated (25+) | 54% | ↑ 54% vs nat'l avg |
| Demographics | Median Age | 32.4 yrs | ↓ 16% vs nat'l avg |
| Housing | Owner-Occupied | 44% | — |
| Housing | Renter-Occupied | 56% | — |
| Housing | Total Housing Units | 3,855 | — |