55403 can be classified socioeconomically as Lower 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 55403 is White. The majority race/ethnicity attending public schools in 55403 is Hispanic. The current unemployment level in 55403 is 4.9%.
| Population | 17,161 |
| Population Growth Rate | 0.18% |
| Population Density | 11,834 People per Square Mile |
| Total Households | 9,836 |
| Percentage High Income Households | 4.8% |
| Median Household Income (2021) | $55,520 |
| Average Adjusted Gross Income (2021) | $938,420 |
| Current Unemployment Rate (May 2026) | 4.9% |
| Sales Tax Rate (2025) | 9% |
| Majority Race/Ethnicity | White - 75.75% |
| Public School Majority Race/Ethnicity | Hispanic - 37.8% |
55403 Race/Ethnicity Breakdown
| Race/Ethnicity | Total | Percentage |
|---|
| White | 12,344 | 75.75% |
| Black | 2,054 | 12.61% |
| Hispanic | 1,138 | 6.98% |
| Asian | 631 | 3.87% |
| Native American | 128 | 0.79% |
| Hawaiian/Pac. Islander | 0 | 0% |
55403 Public School Race/Ethnicity Breakdown
| Race/Ethnicity | Total | Percentage |
|---|
| White | 186 | 18.73% |
| Black | 365 | 36.76% |
| Hispanic | 398 | 40.08% |
| Asian | 15 | 1.51% |
| Native American | 28 | 2.82% |
| Hawaiian/Pac. Islander | 1 | 0.1% |
55403 Educational Attainment Levels
| Highest Education Level | Total | Percentage |
|---|
| Less Than 1 Year of College | 478 | 4.51% |
| Bachelor Degree | 4,733 | 44.65% |
| High School Diploma | 1,113 | 10.5% |
| No High School Diploma | 72 | 0.68% |
| GED or Alternate | 293 | 2.76% |
| 1 or More Years of College | 1,382 | 13.04% |
| Associates Degree | 379 | 3.58% |
| Masters Degree | 1,226 | 11.56% |
| Professional Degree | 657 | 6.2% |
| Doctorate Degree | 268 | 2.53% |
