55330 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Sherburne County
Centroid: Latitude 45.319, Longitude -93.545
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 55330 has segments in 3 Counties (Anoka, Sherburne, Wright).

Businesses Addresses: 1,134
PO Box Addresses: 293
Residential Addresses: 15,531

Multi-Family Addresses: 1,525
Single Family Addresses: 14,006

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

Elk River, MN 55330 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	43,908 (100%)
Population in Households	43,233 (98.5%)
Population in Families	37,123 (84.5%)
Population in Group Quarters¹	675 ( 1.5%)
Population Density	412
Diversity Index²	22


INCOME
Median Household Income	$91,790
Average Household Income	$99,098
% of Income for Mortgage⁴	12%
Per Capita Income	$34,865
Wealth Index⁵	101

HOUSING
Total HU (Housing Units)	15,959 (100%)
Owner Occupied HU	13,178 (82.6%)
Renter Occupied HU	2,261 (14.2%)
Vacant Housing Units	520 ( 3.3%)
Median Home Value	$256,105
Average Home Value	$275,082
Housing Affordability Index³	200

HOUSEHOLDS
Total Households	15,439
Average Household Size	2.8
Family Households	11,547
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 races 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 % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
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.

Elk River, MN 55330 - Peer Comparisons by Rank and Percentile

The table below compares 55330 to the other 879 ZIP Codes in Minnesota by rank and percentile using July 1, 2020 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	2010-2020	2020-2025
Population	1.71%	1.66%
Households	1.74%	1.69%
Families	1.63%	1.62%
Median Household Income		1.68%
Per Capita Income		1.9%
Owner Occupied HU		1.88%

Variable Description	Rank	Percentile
Total Population	# 15	98th
Population Density	# 167	81st
Median Household Income	# 85	90th
Housing Affordability Index	# 483	55th
Per Capita Income	# 279	68th
Diversity Index	# 286	68th

Elk River, MN 55330 ZIP Code Profile

ZIP Code 55330: Basic Data & USPS Preferred City Name

Elk River, MN 55330 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Elk River, MN 55330 - Peer Comparisons by Rank and Percentile

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