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: January 1, 2023, Maps updated: August 12, 2022.
POPULATION | |
---|---|
Total Population | 2,571 (100%) |
Population in Households | 2,524 (98.2%) |
Population in Families | 2,110 (82.1%) |
Population in Group Quarters1 | 47 ( 1.8%) |
Population Density | 31 |
Diversity Index2 | 16 |
INCOME | |
Median Household Income | $73,315 |
Average Household Income | $97,406 |
% of Income for Mortgage4 | 17% |
Per Capita Income | $38,695 |
Wealth Index5 | 96 |
HOUSING | |
---|---|
Total HU (Housing Units) | 1,076 (100%) |
Owner Occupied HU | 796 (74.0%) |
Renter Occupied HU | 202 (18.8%) |
Vacant Housing Units | 78 ( 7.2%) |
Median Home Value | $235,451 |
Average Home Value | $276,882 |
Housing Affordability Index3 | 155 |
HOUSEHOLDS | |
Total Households | 998 |
Average Household Size | 2.53 |
Family Households | 701 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2022 | 2022-2027 |
---|---|---|
Population | -0.33% | -0.20% |
Households | -0.13% | -0.12% |
Families | -0.14% | |
Median Household Income | 3.02% | |
Per Capita Income | 3.09% | |
Owner Occupied HU | 0.08% |
The table below compares 55940 to the other 878 ZIP Codes in Minnesota by rank and percentile using July 1, 2022 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 | # 374 | 58th |
Population Density | # 399 | 55th |
Median Household Income | # 414 | 53rd |
Housing Affordability Index | # 505 | 58th |
Per Capita Income | # 345 | 61st |
Diversity Index | # 579 | 35th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.