55040 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 55040 is White. The majority race/ethnicity attending public schools in 55040 is White. The current unemployment level in 55040 is 4.9%.
| Population | 14,240 |
| Population Growth Rate | 9.70% |
| Population Density | 138 People per Square Mile |
| Total Households | 4,511 |
| Percentage High Income Households | 0.9% |
| Median Household Income (2021) | $80,849 |
| Average Adjusted Gross Income (2021) | $427,940 |
| Current Unemployment Rate (May 2026) | 4.9% |
| Sales Tax Rate (2025) | 8.1% |
| Majority Race/Ethnicty | White - 95.69% |
| Public School Majority Race/Ethnicty | White - 87.74% |
55040 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 13,574 | 95.66% |
| Black | 49 | 0.35% |
| Hispanic | 494 | 3.48% |
| Asian | 44 | 0.31% |
| Native American | 24 | 0.17% |
| Hawaiian/Pac. Islander | 5 | 0.04% |
55040 Public School Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 1,696 | 91.92% |
| Black | 26 | 1.41% |
| Hispanic | 75 | 4.07% |
| Asian | 40 | 2.17% |
| Native American | 8 | 0.43% |
| Hawaiian/Pac. Islander | 0 | 0% |
55040 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 635 | 8.1% |
| Bachelor Degree | 862 | 10.99% |
| High School Diploma | 3,190 | 40.69% |
| No High School Diploma | 122 | 1.56% |
| GED or Alternate | 332 | 4.23% |
| 1 or More Years of College | 1,580 | 20.15% |
| Associates Degree | 853 | 10.88% |
| Masters Degree | 218 | 2.78% |
| Professional Degree | 39 | 0.5% |
| Doctorate Degree | 9 | 0.11% |