55940 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 55940 is White. The majority race/ethnicity attending public schools in 55940 is White. The current unemployment level in 55940 is 4.9%.
| Population | 2,818 |
| Population Growth Rate | 0.07% |
| Population Density | 31 People per Square Mile |
| Total Households | 955 |
| Percentage High Income Households | 1.6% |
| Median Household Income (2021) | $72,969 |
| Average Adjusted Gross Income (2021) | $355,030 |
| Current Unemployment Rate (May 2026) | 4.9% |
| Sales Tax Rate (2025) | 7.4% |
| Majority Race/Ethnicty | White - 95.68% |
| Public School Majority Race/Ethnicty | White - 89.06% |
55940 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 2,591 | 95.68% |
| Black | 27 | 1% |
| Hispanic | 58 | 2.14% |
| Asian | 30 | 1.11% |
| Native American | 2 | 0.07% |
| Hawaiian/Pac. Islander | 0 | 0% |
55940 Public School Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 594 | 90.83% |
| Black | 5 | 0.76% |
| Hispanic | 49 | 7.49% |
| Asian | 0 | 0% |
| Native American | 6 | 0.92% |
| Hawaiian/Pac. Islander | 0 | 0% |
55940 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 112 | 7.24% |
| Bachelor Degree | 252 | 16.3% |
| High School Diploma | 519 | 33.57% |
| No High School Diploma | 21 | 1.36% |
| GED or Alternate | 37 | 2.39% |
| 1 or More Years of College | 345 | 22.32% |
| Associates Degree | 204 | 13.2% |
| Masters Degree | 39 | 2.52% |
| Professional Degree | 13 | 0.84% |
| Doctorate Degree | 4 | 0.26% |