Population 14,572 · Census ACS 2020–24
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Population and households in ZIP 55040
Household size in ZIP 55040
| Period | ZIP 55040 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.78 | 2.58 | 2.52 | 2.68 |
| 2010–14 | 2.70 | 2.61 | 2.54 | 2.73 |
| 2015–19 | 2.73 | 2.63 | 2.55 | 2.71 |
| 2020–24 | 2.75 | 2.58 | 2.52 | 2.65 |
| Change | −0.03 | −0.00 | +0.00 | −0.03 |
The typical household in ZIP 55040 holds 2.75 people, slightly more than the U.S. average of 2.65. Compared with other Minnesota ZIP codes, ZIP 55040 has larger households than most.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in ZIP 55040
| Period | ZIP 55040 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 34.3 | 36.8 | 37.9 | 37.7 |
| 2010–14 | 38.1 | 37.8 | 38.9 | 38.6 |
| 2015–19 | 37.3 | 38.6 | 39.6 | 39.6 |
| 2020–24 | 38.4 | 39.2 | 40.0 | 40.1 |
| Change | +4.1 | +2.5 | +2.1 | +2.3 |
The median resident of ZIP 55040 is 38.4 years old, a few years younger than the national median of 40.1. The median age has climbed from 34.3 in 2006–10, mirroring the country. Residents skew youngest in the northeast and oldest in the west.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in ZIP 55040
| Period | ZIP 55040 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 11.6% | 10.2% | 9.9% | 12.3% |
| 2010–14 | 8.3% | 10.6% | 10.2% | 12.3% |
| 2015–19 | 8.9% | 9.9% | 9.7% | 11.6% |
| 2020–24 | 13.7% | 9.8% | 9.6% | 11.6% |
| Change | +2.1 pts | −0.4 pts | −0.3 pts | −0.6 pts |
Single-parent households are more common in ZIP 55040 than nationally: 13.7%, against 11.6%. The single-parent share has risen 2.1 points since 2006–10, even as the national share fell. ZIP 55040 has a higher share of single-parent households than the great majority of Minnesota ZIP codes.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in ZIP 55040
Renters in ZIP 55040
| Period | ZIP 55040 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 13.5% | 27.3% | 25.8% | 33.3% |
| 2010–14 | 17.7% | 29.6% | 27.9% | 35.6% |
| 2015–19 | 15.0% | 30.0% | 28.4% | 36.0% |
| 2020–24 | 11.0% | 29.3% | 27.8% | 34.8% |
| Change | −2.4 pts | +2.0 pts | +2.0 pts | +1.5 pts |
Only 11.0% of households in ZIP 55040 rent their homes, far below the national share of 34.8%, so most residents are owners who tend to stay put. Among homeowners, 29.5% have no mortgage at all, well below the national share of 39.8%. Renting is most common in the northeast and least common in the southeast. The renter share is down 2.4 points from 2006–10, even as the national share rose.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in ZIP 55040
| Period | ZIP 55040 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 5.8% | 7.0% | 9.2% | 11.4% |
| 2010–14 | 8.7% | 6.2% | 9.0% | 11.4% |
| 2015–19 | 4.5% | 5.5% | 8.7% | 11.1% |
| 2020–24 | 6.6% | 5.7% | 8.3% | 9.6% |
| Change | +0.8 pts | −1.3 pts | −0.9 pts | −1.8 pts |
Fewer homes sit empty in ZIP 55040 than nationally: 6.6%, against 9.6% for the U.S. The Minneapolis area as a whole looks much the same. Since 2006–10, vacancy has edged up 0.8 points, even as the national rate fell.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in ZIP 55040
| Period | ZIP 55040 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 1990 | 1975 | 1973 | 1974 |
| 2010–14 | 1990 | 1976 | 1974 | 1975 |
| 2015–19 | 1991 | 1977 | 1975 | 1977 |
| 2020–24 | 1992 | 1980 | 1978 | 1980 |
| Change | +1 | +4 | +5 | +6 |
ZIP 55040 has newer housing than the country as a whole: the median home was built in 1992, versus 1980 nationally. ZIP 55040 has newer homes than at least four in five Minnesota ZIP codes.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in ZIP 55040
| Period | ZIP 55040 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | $868 | $1,007 | $882 | $965 |
| 2010–14 | $918 | $1,077 | $953 | $1,040 |
| 2015–19 | $1,105 | $1,258 | $1,099 | $1,213 |
| 2020–24 | $1,348 | $1,603 | $1,404 | $1,571 |
| Change | +$480 | +$597 | +$522 | +$606 |
The median renter in ZIP 55040 pays $1,348 a month for rent and utilities, below the national median of $1,571. Rent has climbed $480 a month since 2006–10, up 55%, a slower climb than the nation's. The typical renter here spends 27.9% of household income on rent, just under the 30% mark often used to define affordable rent, and a smaller share than renters pay nationally. Renters on a budget will find the lowest rents in the northeast; the highest are in the southeast.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in ZIP 55040
Bachelor's degrees in ZIP 55040
| Period | ZIP 55040 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 13.0% | 37.2% | 32.1% | 28.4% |
| 2010–14 | 15.7% | 39.1% | 33.7% | 29.6% |
| 2015–19 | 15.9% | 41.8% | 36.2% | 32.1% |
| 2020–24 | 21.3% | 45.4% | 39.6% | 35.6% |
| Change | +8.3 pts | +8.1 pts | +7.4 pts | +7.2 pts |
Fewer adults in ZIP 55040 have a four-year degree than in the country as a whole: 21.3%, against 35.6% nationally. Since 2006–10, the share with a degree has risen 8.3 points, as it has nationally. ZIP 55040 has a lower share of college graduates than at least four in five Minnesota ZIP codes.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in ZIP 55040
| Period | ZIP 55040 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 91.9% | 92.4% | 91.4% | 84.9% |
| 2010–14 | 93.8% | 92.9% | 92.2% | 86.1% |
| 2015–19 | 91.4% | 93.5% | 93.0% | 87.7% |
| 2020–24 | 91.5% | 94.0% | 93.7% | 89.3% |
| Change | −0.4 pts | +1.6 pts | +2.3 pts | +4.3 pts |
High school completion in ZIP 55040 is a bit above the national rate: 91.5% of adults have a diploma or equivalent, against 89.3%. Even so, the rate is lower than in the Minneapolis area as a whole (94.0%). ZIP 55040 has a lower share of high school graduates than at least four in five Minnesota ZIP codes.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in ZIP 55040
| Period | ZIP 55040 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 8.4% | 6.7% | 6.5% | 8.1% |
| 2010–14 | 6.5% | 6.8% | 6.5% | 9.4% |
| 2015–19 | 3.2% | 3.6% | 3.7% | 5.6% |
| 2020–24 | 3.8% | 4.0% | 4.1% | 5.4% |
| Change | −4.6 pts | −2.7 pts | −2.4 pts | −2.7 pts |
Unemployment in ZIP 55040 runs below the national rate: 3.8% of the labor force was out of work and looking, against 5.4% nationally. Unemployment is down 4.6 points from 2006–10, as it has nationally. Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
ZIP 55040 compared with nearby ZIP codes
| ZIP code | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| ZIP 55040 | 2.75 | 38.4 | 13.7% | 11.0% | 6.6% | 1992 | $1,348 | 21.3% | 91.5% | 3.8% |
| ZIP 55008 | 2.42 | 41.4 | 8.7% | 24.3% | 4.4% | 1989 | $1,376 | 20.6% | 94.3% | 3.0% |
| ZIP 55005 | 2.76 | 37.9 | 7.9% | 6.8% | 6.7% | 1989 | $1,662 | 17.7% | 95.2% | 2.7% |
| ZIP 55070 | 2.79 | 34.9 | 10.4% | 14.4% | 2.8% | 1999 | $1,241 | 18.1% | 95.8% | 2.5% |
| ZIP 55011 | 2.98 | 42.6 | 6.4% | 5.9% | 6.0% | 1989 | $1,930 | 26.2% | 96.0% | 3.6% |
| ZIP 55079 | 2.72 | 43.5 | 6.5% | 7.6% | 4.8% | 1988 | $1,389 | 19.1% | 94.3% | 2.8% |
| ZIP 55056 | 2.48 | 41.6 | 11.3% | 15.1% | 5.4% | 1992 | $1,289 | 19.5% | 95.4% | 4.2% |
| ZIP 55032 | 2.73 | 43.0 | 5.4% | 6.7% | 10.4% | 1985 | $1,328 | 22.2% | 95.2% | 4.3% |
| ZIP 55092 | 2.73 | 41.9 | 10.5% | 10.7% | 4.3% | 1988 | $1,420 | 34.4% | 96.5% | 4.4% |
| ZIP 55398 | 3.03 | 37.2 | 8.7% | 9.5% | 6.9% | 1999 | $1,376 | 23.9% | 94.7% | 2.0% |
| ZIP 55371 | 2.77 | 40.1 | 9.4% | 15.3% | 7.8% | 1985 | $1,089 | 19.3% | 94.0% | 2.1% |
All figures 2020–24.
Zip codes with similar populations: 98951, WA · 71953, AR · 34947, FL · 38635, MS · 39183, MS · 40444, KY · 00717, PR · 41143, KY · 43210, OH · 43545, OH
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up ZIP 55040. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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