Minneapolis, MN 55416 ZIP Code Profile

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ZIP Code 55416: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Minneapolis, MN 55416

Acceptable Alternative
Edina, MN 55416
Golden Valley, MN 55416
Saint Louis Park, MN 55416
St Louis Park, MN 55416

  • ZIP Code Type: STANDARD
  • Businesses Addresses: 1,528
  • Single Family Addresses: 8,222
  • Multi-Family Addresses: 8,841
  • County: Hennepin County
  • Centroid: Latitude 44.949, Longitude -93.344
  • Time Zone: Central Time Zone (UTC -6 hours)
  • Observes DST: Yes

Neighborhood Data

Address Based Hyperlocal Data Input an address and get data & demographics for the pertinent census block group (CBG), a searchable map and a customized directory. The CBG is the smallest geographical unit used by the Census Bureau for reporting certain data.


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55416 ZIP Code Map

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Minneapolis, MN 55416 Data & Demographics (As of July 1, 2017)

POPULATION

Total Population 31,923
Daytime Population: Workers 25,451
Daytime Population: Residents 12,777
Total Daytime Population (TDP) 38,228
Ratio TDP/Total Population1 1.20
Population in Households 31,594
Population in Familes 19,572
Population in Group Qrtrs 329
Population Density2 4,047
Diversity Index3 32
 

INCOME

Median Household Income $81,861
Average Household Income $118,781
Per Capita Income $60,927

HOUSING

Total Housing Units 17,508 (100%)
Owner Occupied HU 8,961 (51.2%)
Renter Occupied HU 7,358 (42.0%)
Vacant Housing Units 1,189 ( 6.8%)
Median Home Value $323,761
Average Home Value $395,196
 

HOUSEHOLDS

Total Households 16,319
Average Household Size 1.94
Family Households 7,066
Average Family Size 3
NOTES
  1. If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.

GROWTH RATE / YEAR

2010-2017 2017-2022
Population 1.4% 1.2%
Households 1.38% 1.19%
Families 1.22% 1.07%
Median Household Income   2.56%
Per Capita Income   2.5%

Minneapolis, MN 55416 - Peer Comparisons by Rank and Percentile

The table below compares 55416 to the other 883 ZIP Codes in Minnesota by rank and percentile using July 1, 2017 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 38 96th
Population Density # 38 96th
Diversity Index # 161 82nd
Median Household Income # 76 92nd
Per Capita Income # 9 99th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.


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