55056 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Chisago County
Centroid: Latitude 45.504, Longitude -92.878
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 55056 has segments in 2 Counties (Chisago, Isanti).

Businesses Addresses: 364
PO Box Addresses: 302
Residential Addresses: 5,186

Multi-Family Addresses: 453
Single Family Addresses: 4,733

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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North Branch, MN 55056 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX
North Branch, MN 55056 Housing Affordability Index is 166 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
North Branch, MN 55056 Wealth Index is 85 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	14,997 (100%)
Population in Households	14,832 (98.9%)
Population in Families	12,554 (83.7%)
Population in Group Quarters¹	165 ( 1.1%)
Population Density	141
Diversity Index²	13

INCOME
Median Household Income	$77,520
Average Household Income	$86,592
Per Capita Income	$30,626
Wealth Index⁴	85

HOUSING
Total Housing Units	5,523 (100%)
Owner Occupied HU	4,506 (81.6%)
Renter Occupied HU	796 (14.4%)
Vacant Housing Units	221 ( 4.0%)
Median Home Value	$224,634
Housing Affordability Index³	166

HOUSEHOLDS
Total Households	5,302
Average Household Size	2.8
Family Households	3,890
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.

North Branch, MN 55056 - Peer Comparisons by Rank and Percentile

The table below compares 55056 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	0.96%	0.98%
Households	0.93%	0.98%
Families	0.84%	0.9%
Median Household Income		1.44%
Per Capita Income		2.06%

Variable Description	Rank	Percentile
Total Population	# 135	85th
Population Density	# 220	75th
Diversity Index	# 490	45th
Median Household Income	# 161	82nd
Per Capita Income	# 535	40th

North Branch, MN 55056 ZIP Code Profile

ZIP Code 55056: Basic Data & USPS Preferred City Name

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North Branch, MN 55056 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

WEALTH INDEX

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

North Branch, MN 55056 - Peer Comparisons by Rank and Percentile

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