55031 can be classified socioeconomically as Middle Class class compared to other ZIP Codes in Minnesota based on Median Household Income and Average Adjusted Gross Income. The majority race/ethnicity residing in 55031 is White. The current unemployment level in 55031 is 2.8%.
| Population | 1,880 |
| Population Growth Rate | -13.81% |
| Population Density | 48 People per Square Mile |
| Total Households | 763 |
| Percentage High Income Households | 5.6% |
| Median Household Income (2021) | $99,028 |
| Average Adjusted Gross Income (2021) | $572,460 |
| Current Unemployment Rate (November 2024) | 2.8% |
| Majority Race/Ethnicty | White - 95.74% |
55031 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 1,663 | 95.74% |
| Black | 21 | 1.21% |
| Hispanic | 43 | 2.48% |
| Asian | 9 | 0.52% |
| Native American | 1 | 0.06% |
| Hawaiian/Pac. Islander | 0 | 0% |
55031 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 133 | 10.24% |
| Bachelor Degree | 196 | 15.09% |
| High School Diploma | 469 | 36.1% |
| No High School Diploma | 21 | 1.62% |
| GED or Alternate | 38 | 2.93% |
| 1 or More Years of College | 184 | 14.16% |
| Associates Degree | 154 | 11.86% |
| Masters Degree | 77 | 5.93% |
| Professional Degree | 16 | 1.23% |
| Doctorate Degree | 11 | 0.85% |