Minneapolis, MN — Demographics & Statistics
ZIP code 55401 serves a portion of Minneapolis, Minnesota, within Hennepin County. This community is home to approximately 22,166 residents, with a median age of 31.5 years. The median household income of $68,524 sits above the national median of $67,521, while median home values of $424,848 are above the national average of $301,500. The area has a renter-majority housing profile, with 28% owner-occupied and 72% renter-occupied units. Cost of living in this part of Minneapolis is lower than the national baseline, with an index of 90 (100 = national average). With a college-education rate of 39% and an unemployment rate of 2.1%, 55401 reflects the economic character of Hennepin County in Minnesota.
| Category | Statistic | Value | vs. National Avg |
|---|---|---|---|
| Population | Total Population | 22,166 | — |
| Population | Density (per sq mi) | 20,486 | — |
| Economics | Median Household Income | $68,524 | ↑ 1% vs nat'l avg |
| Economics | Median Home Value | $424,848 | ↑ 41% vs nat'l avg |
| Economics | Cost of Living Index | 90 | ↓ Lower than avg |
| Economics | Unemployment Rate | 2.1% | ↓ 46% vs nat'l avg |
| Economics | Below Poverty Line | 27.0% | ↑ 137% vs nat'l avg |
| Education | College Educated (25+) | 39% | ↑ 11% vs nat'l avg |
| Demographics | Median Age | 31.5 yrs | ↓ 18% vs nat'l avg |
| Housing | Owner-Occupied | 28% | — |
| Housing | Renter-Occupied | 72% | — |
| Housing | Total Housing Units | 10,418 | — |