US > Minnesota > Wabasha County > Elgin, MN 55932

55932 ZIP Code Profile, Map, Data & Demographics

Related Place Profiles:
Elgin, MN
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ZIP Code 55932: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Elgin, MN 55932

Not Acceptable, USPS
Potsdam, MN 55932

  • ZIP Code Type: STANDARD
  • County: Wabasha County
  • Centroid: Latitude 44.121, Longitude -92.25
  • Time Zone: Central Time Zone (UTC -6 hours)
  • Observes DST: Yes

ZIP Code 55932 has segments in 2 Counties (Olmsted, Wabasha).

  • Businesses Addresses: 41
  • PO Box Addresses: 179
  • Residential Addresses: 629
    • Multi-Family Addresses: 0
    • Single Family Addresses: 629

The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2025, Maps updated: May 1, 2024.

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Elgin, MN 55932 Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 2,031 (100%)
Population in Households 2,031 (100.0%)
Population in Families 1,724 (84.9%)
Population in Group Quarters1 0
Population Density 41
Diversity Index2 15
 
 

INCOME

Median Household Income $96,644
Average Household Income $118,725
% of Income for Mortgage4 21%
Per Capita Income $46,239
Wealth Index5 112
Socioeconomic Status Index6 Moderate (58.1)
 

HOUSING

Total HU (Housing Units) 840 (100%)
Owner Occupied HU 658 (78.3%)
Renter Occupied HU 133 (15.8%)
Vacant Housing Units 49 ( 5.8%)
Median Home Value $322,936
Average Home Value $405,775
Housing Affordability Index3 115
 

HOUSEHOLDS

Total Households 791
Average Household Size 2.57
Family Households 573
Average Family Size 3.00
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2024 2024-2029
Population 1.71% 0.49%
Households 1.17% 0.75%
Families   0.59%
Median Household Income   2.23%
Per Capita Income   3.06%
Owner Occupied HU   0.98%

Elgin, MN 55932 - Peer Comparisons by Rank and Percentile

The table below compares 55932 to the other 882 ZIP Codes in Minnesota by rank and percentile using July 1, 2024 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 # 413 53rd
Population Density # 357 60th
Median Household Income # 182 79th
Housing Affordability Index # 571 65th
Per Capita Income # 236 73rd
Diversity Index # 654 26th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.


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