ZIP Code 55940 has segments in 3 Counties (Dodge, Mower, Olmsted).
The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2025, Maps updated: May 1, 2024.
POPULATION | |
---|---|
Total Population | 2,760 (100%) |
Population in Households | 2,711 (98.2%) |
Population in Families | 2,213 (80.2%) |
Population in Group Quarters1 | 49 ( 1.8%) |
Population Density | 30 |
Diversity Index2 | 16 |
INCOME | |
Median Household Income | $78,339 |
Average Household Income | $104,878 |
% of Income for Mortgage4 | 23% |
Per Capita Income | $40,833 |
Wealth Index5 | 93 |
Socioeconomic Status Index6 | Moderate (57.9) |
HOUSING | |
---|---|
Total HU (Housing Units) | 1,152 (100%) |
Owner Occupied HU | 872 (75.7%) |
Renter Occupied HU | 202 (17.5%) |
Vacant Housing Units | 78 ( 6.8%) |
Median Home Value | $282,692 |
Average Home Value | $332,741 |
Housing Affordability Index3 | 107 |
HOUSEHOLDS | |
Total Households | 1,074 |
Average Household Size | 2.52 |
Family Households | 730 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2024 | 2024-2029 |
---|---|---|
Population | 0.42% | 0.19% |
Households | 0.85% | 0.46% |
Families | 0.49% | |
Median Household Income | 2.71% | |
Per Capita Income | 2.76% | |
Owner Occupied HU | 0.79% |
The table below compares 55940 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 | # 358 | 60th |
Population Density | # 401 | 55th |
Median Household Income | # 443 | 50th |
Housing Affordability Index | # 470 | 53rd |
Per Capita Income | # 443 | 50th |
Diversity Index | # 600 | 32nd |
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.