55316 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 55316 is White. The majority race/ethnicity attending public schools in 55316 is White. The current unemployment level in 55316 is 4.9%.
| Population | 23,666 |
| Population Growth Rate | -1.37% |
| Population Density | 2,714 People per Square Mile |
| Total Households | 8,706 |
| Percentage High Income Households | 4.8% |
| Median Household Income (2021) | $104,200 |
| Average Adjusted Gross Income (2021) | $357,390 |
| Current Unemployment Rate (May 2026) | 4.9% |
| Sales Tax Rate (2025) | 8.5% |
| Majority Race/Ethnicity | White - 85.46% |
| Public School Majority Race/Ethnicity | White - 52.25% |
55316 Race/Ethnicity Breakdown
| Race/Ethnicity | Total | Percentage |
|---|
| White | 19,817 | 85.46% |
| Black | 2,212 | 9.54% |
| Hispanic | 366 | 1.58% |
| Asian | 756 | 3.26% |
| Native American | 37 | 0.16% |
| Hawaiian/Pac. Islander | 0 | 0% |
55316 Public School Race/Ethnicity Breakdown
| Race/Ethnicity | Total | Percentage |
|---|
| White | 3,547 | 57.36% |
| Black | 1,181 | 19.1% |
| Hispanic | 492 | 7.96% |
| Asian | 913 | 14.76% |
| Native American | 46 | 0.74% |
| Hawaiian/Pac. Islander | 5 | 0.08% |
55316 Educational Attainment Levels
| Highest Education Level | Total | Percentage |
|---|
| Less Than 1 Year of College | 1,193 | 7.99% |
| Bachelor Degree | 3,870 | 25.92% |
| High School Diploma | 3,303 | 22.12% |
| No High School Diploma | 47 | 0.31% |
| GED or Alternate | 372 | 2.49% |
| 1 or More Years of College | 2,592 | 17.36% |
| Associates Degree | 2,006 | 13.44% |
| Masters Degree | 1,097 | 7.35% |
| Professional Degree | 331 | 2.22% |
| Doctorate Degree | 120 | 0.8% |
