56031 vs 56011: cost of living, income and home prices
ZIP 56031 (Minnesota) has a median household income of $58,647 and a typical home value of $163,100. ZIP 56011 (Minnesota) sits at $98,692 and $287,900.
Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.
| Measure | 56031 | 56011 |
|---|---|---|
| Median household income | $58,647 | $98,692 |
| Median home value | $163,100 | $287,900 |
| Median gross rent | $749 | $1,276 |
| Median age | 46.2 yrs | 39.0 yrs |
| Homeownership rate | 68.5% | 86.8% |
| Bachelor's degree or higher | 15.7% | 18.9% |
56031 vs 56011, side by side
Which ZIP wins?
- Cheaper to buy in: 56031 — typical home value $163,100.
- Higher household income: 56011 — $98,692.
- Renting: 56031 has the lower median rent.
Moving between these two ZIP codes?
A vetted advisor can price the move properly: taxes, housing costs and what it does to your savings rate.
Get matched with an advisorMethodology
Both columns use ZIP Code Tabulation Area estimates from the same Census release, so the comparison is like for like.
We only publish comparisons where both areas have at least 5,000 residents, which keeps the margin of error usable.
Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.