55405 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 55405 is White. The majority race/ethnicity attending public schools in 55405 is African American. The current unemployment level in 55405 is 4.9%.
| Population | 17,099 |
| Population Growth Rate | 0% |
| Population Density | 5,846 People per Square Mile |
| Total Households | 7,281 |
| Percentage High Income Households | 7.9% |
| Median Household Income (2021) | $64,504 |
| Average Adjusted Gross Income (2021) | $812,800 |
| Current Unemployment Rate (May 2026) | 4.9% |
| Sales Tax Rate (2025) | 9% |
| Majority Race/Ethnicity | White - 66.89% |
| Public School Majority Race/Ethnicity | African American - 34.68% |
55405 Race/Ethnicity Breakdown
| Race/Ethnicity | Total | Percentage |
|---|
| White | 10,703 | 66.89% |
| Black | 3,545 | 22.16% |
| Hispanic | 722 | 4.51% |
| Asian | 787 | 4.92% |
| Native American | 243 | 1.52% |
| Hawaiian/Pac. Islander | 0 | 0% |
55405 Public School Race/Ethnicity Breakdown
| Race/Ethnicity | Total | Percentage |
|---|
| White | 388 | 24.13% |
| Black | 592 | 36.82% |
| Hispanic | 450 | 27.99% |
| Asian | 147 | 9.14% |
| Native American | 30 | 1.87% |
| Hawaiian/Pac. Islander | 1 | 0.06% |
55405 Educational Attainment Levels
| Highest Education Level | Total | Percentage |
|---|
| Less Than 1 Year of College | 303 | 3.22% |
| Bachelor Degree | 3,707 | 39.42% |
| High School Diploma | 997 | 10.6% |
| No High School Diploma | 31 | 0.33% |
| GED or Alternate | 194 | 2.06% |
| 1 or More Years of College | 1,708 | 18.16% |
| Associates Degree | 445 | 4.73% |
| Masters Degree | 1,299 | 13.81% |
| Professional Degree | 394 | 4.19% |
| Doctorate Degree | 325 | 3.46% |
