55049 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Steele County
Centroid: Latitude 44.172, Longitude -93.247
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 55049 has segments in 2 Counties (Rice, Steele).

Businesses Addresses: 85
PO Box Addresses: 193
Residential Addresses: 866

Multi-Family Addresses: 205
Single Family Addresses: 661

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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Medford, MN 55049 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX
Medford, MN 55049 Housing Affordability Index is 181 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
Medford, MN 55049 Wealth Index is 91 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	2,235 (100%)
Population in Households	2,228 (99.7%)
Population in Families	1,909 (85.4%)
Population in Group Quarters¹	7 ( 0.3%)
Population Density	59
Diversity Index²	30

INCOME
Median Household Income	$61,779
Average Household Income	$80,663
Per Capita Income	$31,042
Wealth Index⁴	91

HOUSING
Total Housing Units	882 (100%)
Owner Occupied HU	745 (84.5%)
Renter Occupied HU	115 (13.0%)
Vacant Housing Units	22 ( 2.5%)
Median Home Value	$181,667
Housing Affordability Index³	181

HOUSEHOLDS
Total Households	860
Average Household Size	2.59
Family Households	628
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.

Medford, MN 55049 - Peer Comparisons by Rank and Percentile

The table below compares 55049 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	0.91%	0.82%
Households	0.98%	0.85%
Families	0.86%	0.78%
Median Household Income		2.82%
Per Capita Income		2.58%

Variable Description	Rank	Percentile
Total Population	# 400	55th
Population Density	# 304	66th
Diversity Index	# 195	78th
Median Household Income	# 405	54th
Per Capita Income	# 505	43rd

Medford, MN 55049 ZIP Code Profile

ZIP Code 55049: Basic Data & USPS Preferred City Name

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Medford, MN 55049 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

WEALTH INDEX

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Medford, MN 55049 - Peer Comparisons by Rank and Percentile

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