55420 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 55420 is White. The majority race/ethnicity attending public schools in 55420 is Hispanic. The current unemployment level in 55420 is 4.9%.
| Population | 23,433 |
| Population Growth Rate | 0.00% |
| Population Density | 3,487 People per Square Mile |
| Total Households | 8,996 |
| Percentage High Income Households | 1.2% |
| Median Household Income (2021) | $66,370 |
| Average Adjusted Gross Income (2021) | $366,400 |
| Current Unemployment Rate (May 2026) | 4.9% |
| Sales Tax Rate (2025) | 9.0% |
| Majority Race/Ethnicty | White - 63.43% |
| Public School Majority Race/Ethnicty | Hispanic - 34.68% |
55420 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 14,020 | 63.43% |
| Black | 3,431 | 15.52% |
| Hispanic | 2,820 | 12.76% |
| Asian | 1,641 | 7.42% |
| Native American | 191 | 0.86% |
| Hawaiian/Pac. Islander | 0 | 0% |
55420 Public School Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 886 | 27% |
| Black | 901 | 27.46% |
| Hispanic | 1,230 | 37.49% |
| Asian | 237 | 7.22% |
| Native American | 26 | 0.79% |
| Hawaiian/Pac. Islander | 1 | 0.03% |
55420 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 1,128 | 8.31% |
| Bachelor Degree | 2,948 | 21.71% |
| High School Diploma | 4,279 | 31.52% |
| No High School Diploma | 356 | 2.62% |
| GED or Alternate | 513 | 3.78% |
| 1 or More Years of College | 2,130 | 15.69% |
| Associates Degree | 1,394 | 10.27% |
| Masters Degree | 649 | 4.78% |
| Professional Degree | 78 | 0.57% |
| Doctorate Degree | 101 | 0.74% |