ZIP Code 55940 has segments in 3 Counties (Dodge, Mower, Olmsted).
The ZIP Code maps and database are updated 4 times per year.
Database updated: October 1, 2023, Maps updated: August 11, 2023.
POPULATION | |
---|---|
Total Population | 2,559 (100%) |
Population in Households | 2,510 (98.1%) |
Population in Families | 2,134 (83.4%) |
Population in Group Quarters1 | 49 ( 1.9%) |
Population Density | 31 |
Diversity Index2 | 16 |
INCOME | |
Median Household Income | $73,461 |
Average Household Income | $93,942 |
% of Income for Mortgage4 | 21% |
Per Capita Income | $37,104 |
Wealth Index5 | 86 |
Socioeconomic Status Index6 | Moderate (59.2) |
HOUSING | |
---|---|
Total HU (Housing Units) | 1,085 (100%) |
Owner Occupied HU | 812 (74.8%) |
Renter Occupied HU | 198 (18.2%) |
Vacant Housing Units | 75 ( 6.9%) |
Median Home Value | $260,870 |
Average Home Value | $297,291 |
Housing Affordability Index3 | 111 |
HOUSEHOLDS | |
Total Households | 1,010 |
Average Household Size | 2.49 |
Family Households | 711 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | -0.37% | 0.01% |
Households | 0.28% | 0.12% |
Families | 0.03% | |
Median Household Income | 1.45% | |
Per Capita Income | 2.62% | |
Owner Occupied HU | 0.39% |
The table below compares 55940 to the other 878 ZIP Codes in Minnesota by rank and percentile using July 1, 2023 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 | # 374 | 58th |
Population Density | # 400 | 55th |
Median Household Income | # 418 | 53rd |
Housing Affordability Index | # 409 | 47th |
Per Capita Income | # 523 | 40th |
Diversity Index | # 606 | 31st |
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.