55038 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Washington County
Centroid: Latitude 45.164, Longitude -92.956
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 55038 has segments in 2 Counties (Anoka, Washington).

Businesses Addresses: 349
PO Box Addresses: 138
Residential Addresses: 8,592

Multi-Family Addresses: 90
Single Family Addresses: 8,502

The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2020, Maps updated: May 1, 2020.

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Hugo, MN 55038 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX
Hugo, MN 55038 Housing Affordability Index is 155 State of Minnesota Housing Affordability Index is 135
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX
Hugo, MN 55038 Wealth Index is 161 State of Minnesota Wealth Index is 112
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

POPULATION
Total Population	23,828 (100%)
Population in Households	23,825 (100.0%)
Population in Families	20,844 (87.5%)
Population in Group Quarters¹	3 ( 0.0%)
Population Density	434
Diversity Index²	23

INCOME
Median Household Income	$97,674
Average Household Income	$120,721
Per Capita Income	$42,725
Wealth Index⁴	161

HOUSING
Total Housing Units	8,583 (100%)
Owner Occupied HU	7,798 (90.9%)
Renter Occupied HU	635 ( 7.4%)
Vacant Housing Units	150 ( 1.7%)
Median Home Value	$315,170
Housing Affordability Index³	155

HOUSEHOLDS
Total Households	8,433
Average Household Size	2.83
Family Households	6,457
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
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.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Hugo, MN 55038 - Peer Comparisons by Rank and Percentile

The table below compares 55038 to the other 883 ZIP Codes in Minnesota by rank and percentile using July 1, 2019 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.

GROWTH RATE / YEAR	2010-2019	2019-2024
Population	1.31%	1.25%
Households	1.36%	1.29%
Families	1.25%	1.22%
Median Household Income		2.02%
Per Capita Income		2.53%

Variable Description	Rank	Percentile
Total Population	# 82	91st
Population Density	# 157	82nd
Diversity Index	# 255	71st
Median Household Income	# 55	94th
Per Capita Income	# 84	91st

Hugo, MN 55038 ZIP Code Profile

ZIP Code 55038: Basic Data & USPS Preferred City Name

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Hugo, MN 55038 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

WEALTH INDEX

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Hugo, MN 55038 - Peer Comparisons by Rank and Percentile

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