Population 10,231 · Census ACS 2020–24
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Population and households in ZIP 55340
Household size in ZIP 55340
| Period | ZIP 55340 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 3.03 | 2.58 | 2.52 | 2.68 |
| 2010–14 | 3.02 | 2.61 | 2.54 | 2.73 |
| 2015–19 | 2.93 | 2.63 | 2.55 | 2.71 |
| 2020–24 | 3.03 | 2.58 | 2.52 | 2.65 |
| Change | −0.01 | −0.00 | +0.00 | −0.03 |
ZIP 55340 is a place of big households: 3.03 people per home on average, compared with 2.65 nationally. Numbers like that usually point to plenty of families with kids. Of the 257 Minnesota ZIP codes with 5,000+ people, only seven have larger households.
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 55340
| Period | ZIP 55340 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 42.4 | 36.8 | 37.9 | 37.7 |
| 2010–14 | 42.9 | 37.8 | 38.9 | 38.6 |
| 2015–19 | 40.6 | 38.6 | 39.6 | 39.6 |
| 2020–24 | 39.4 | 39.2 | 40.0 | 40.1 |
| Change | −3.0 | +2.5 | +2.1 | +2.3 |
Half of the people in ZIP 55340 are younger than 39.4 and half are older, close to the national median of 40.1. Since 2006–10, the median age has dropped from 42.4, even as the national median rose. The youngest areas are in the east, the oldest in the northwest.
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 55340
| Period | ZIP 55340 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 5.2% | 10.2% | 9.9% | 12.3% |
| 2010–14 | 4.8% | 10.6% | 10.2% | 12.3% |
| 2015–19 | 4.0% | 9.9% | 9.7% | 11.6% |
| 2020–24 | 7.8% | 9.8% | 9.6% | 11.6% |
| Change | +2.6 pts | −0.4 pts | −0.3 pts | −0.6 pts |
Single-parent households are relatively rare in ZIP 55340: 7.8% of households, against 11.6% nationally. The single-parent share is up 2.6 points from 2006–10, even as the national share fell.
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 55340
Renters in ZIP 55340
| Period | ZIP 55340 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 6.6% | 27.3% | 25.8% | 33.3% |
| 2010–14 | 7.4% | 29.6% | 27.9% | 35.6% |
| 2015–19 | 7.1% | 30.0% | 28.4% | 36.0% |
| 2020–24 | 7.3% | 29.3% | 27.8% | 34.8% |
| Change | +0.7 pts | +2.0 pts | +2.0 pts | +1.5 pts |
Only 7.3% of households in ZIP 55340 rent their homes, far below the national share of 34.8%, so most residents are owners who tend to stay put. Just over a quarter of owners (26.0%) have paid off their mortgages, well below the national share of 39.8%. The renter share has edged up 0.7 points since 2006–10, as it has nationally. Only eight of the 257 Minnesota ZIP codes with 5,000+ people have a lower share of renters.
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 55340
| Period | ZIP 55340 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 4.7% | 7.0% | 9.2% | 11.4% |
| 2010–14 | 1.9% | 6.2% | 9.0% | 11.4% |
| 2015–19 | 3.5% | 5.5% | 8.7% | 11.1% |
| 2020–24 | 3.2% | 5.7% | 8.3% | 9.6% |
| Change | −1.5 pts | −1.3 pts | −0.9 pts | −1.8 pts |
Empty homes are scarce in ZIP 55340: just 3.2% sit vacant, compared with 9.6% nationally, a sign of a tight housing market. Vacancy is down 1.5 points from 2006–10, mirroring the country. Only 22 of the 257 Minnesota ZIP codes with 5,000+ people have a lower vacancy rate.
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 55340
| Period | ZIP 55340 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 1986 | 1975 | 1973 | 1974 |
| 2010–14 | 1987 | 1976 | 1974 | 1975 |
| 2015–19 | 1991 | 1977 | 1975 | 1977 |
| 2020–24 | 2006 | 1980 | 1978 | 1980 |
| Change | +20 | +4 | +5 | +6 |
Much of the housing in ZIP 55340 is relatively new: half of its homes were built after 2006, compared with 1980 for the U.S. as a whole. The median year built has moved up from 1986 in 2006–10, a sign of steady new building. The newest homes are mostly in the center, the oldest in the northwest. Only four of the 257 Minnesota ZIP codes with 5,000+ people have newer homes.
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 55340
| Period | ZIP 55340 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | $1,199 | $1,007 | $882 | $965 |
| 2010–14 | $1,434 | $1,077 | $953 | $1,040 |
| 2015–19 | $1,248 | $1,258 | $1,099 | $1,213 |
| 2020–24 | $1,416 | $1,603 | $1,404 | $1,571 |
| Change | +$217 | +$597 | +$522 | +$606 |
A typical rental in ZIP 55340 costs $1,416 a month with utilities, below the national median of $1,571. Rents are up $217 a month from 2006–10, an 18% rise, a slower climb than the nation's. The typical renter here spends 25.8% of household income on rent, comfortably under the 30% mark often used to define affordable rent, and a smaller share than renters pay nationally.
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 55340
Bachelor's degrees in ZIP 55340
| Period | ZIP 55340 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 39.2% | 37.2% | 32.1% | 28.4% |
| 2010–14 | 45.2% | 39.1% | 33.7% | 29.6% |
| 2015–19 | 53.2% | 41.8% | 36.2% | 32.1% |
| 2020–24 | 65.1% | 45.4% | 39.6% | 35.6% |
| Change | +25.8 pts | +8.1 pts | +7.4 pts | +7.2 pts |
ZIP 55340 is highly educated: about two-thirds of adults 25 and older (65.1%) hold at least a bachelor's degree, far above the national share of 35.6%. The share with a degree has risen 25.8 points since 2006–10, a much bigger shift than nationally. Of the 257 Minnesota ZIP codes with 5,000+ people, only 21 have a higher share of college graduates.
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 55340
| Period | ZIP 55340 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 94.8% | 92.4% | 91.4% | 84.9% |
| 2010–14 | 96.5% | 92.9% | 92.2% | 86.1% |
| 2015–19 | 95.8% | 93.5% | 93.0% | 87.7% |
| 2020–24 | 96.7% | 94.0% | 93.7% | 89.3% |
| Change | +1.9 pts | +1.6 pts | +2.3 pts | +4.3 pts |
High school completion is high in ZIP 55340: 96.7% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. The share with a diploma is up 1.9 points from 2006–10, mirroring the country.
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 55340
| Period | ZIP 55340 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 8.0% | 6.7% | 6.5% | 8.1% |
| 2010–14 | 8.0% | 6.8% | 6.5% | 9.4% |
| 2015–19 | 2.3% | 3.6% | 3.7% | 5.6% |
| 2020–24 | 1.2% | 4.0% | 4.1% | 5.4% |
| Change | −6.8 pts | −2.7 pts | −2.4 pts | −2.7 pts |
Unemployment in ZIP 55340 has been low: just 1.2% of the labor force was out of work and looking, well below the national rate of 5.4%. Only 11 of the 257 Minnesota ZIP codes with 5,000+ people have lower unemployment. Unemployment has fallen 6.8 points since 2006–10, as it has nationally.
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 55340 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 55340 | 3.03 | 39.4 | 7.8% | 7.3% | 3.2% | 2006 | $1,416 | 65.1% | 96.7% | 1.2% |
| ZIP 55311 | 2.81 | 41.4 | 5.8% | 13.0% | 4.3% | 1998 | $1,926 | 63.1% | 97.8% | 3.7% |
| ZIP 55446 | 2.77 | 39.7 | 7.2% | 16.4% | 3.0% | 2004 | $2,271 | 76.3% | 97.4% | 2.0% |
| ZIP 55447 | 2.45 | 42.4 | 8.8% | 24.1% | 6.1% | 1980 | $1,724 | 62.1% | 98.3% | 2.5% |
| ZIP 55357 | 2.74 | 44.2 | 3.7% | 6.5% | 2.8% | 1991 | $996 | 55.3% | 97.8% | 1.0% |
| ZIP 55356 | 2.69 | 44.8 | 8.1% | 12.8% | 6.4% | 1983 | $1,880 | 69.1% | 98.1% | 1.2% |
| ZIP 55442 | 2.42 | 45.0 | 4.1% | 20.4% | 6.9% | 1988 | $1,991 | 66.2% | 99.1% | 1.0% |
| ZIP 55369 | 2.45 | 41.3 | 5.9% | 24.2% | 4.8% | 1990 | $1,945 | 53.4% | 96.9% | 3.2% |
| ZIP 55441 | 2.22 | 41.1 | 9.8% | 40.3% | 4.9% | 1980 | $1,857 | 57.0% | 97.6% | 2.8% |
| ZIP 55359 | 2.58 | 43.1 | 5.3% | 17.0% | 7.7% | 1982 | $1,705 | 55.8% | 97.4% | 1.2% |
| ZIP 55391 | 2.44 | 49.4 | 5.5% | 21.3% | 11.6% | 1980 | $1,883 | 73.7% | 98.9% | 2.7% |
All figures 2020–24.
Zip codes with similar populations: 99022, WA · 04096, ME · 04468, ME · 04736, ME · 06907, CT · 07656, NJ · 07825, NJ · 07981, NJ · 08086, NJ · 56716, MN
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 55340. 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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