56701 vs 56716: cost of living, income and home prices
ZIP 56701 (Minnesota) has a median household income of $71,781 and a typical home value of $174,200. ZIP 56716 (Minnesota) sits at $54,521 and $170,100.
Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.
| Measure | 56701 | 56716 |
|---|---|---|
| Median household income | $71,781 | $54,521 |
| Median home value | $174,200 | $170,100 |
| Median gross rent | $937 | $830 |
| Median age | 39.7 yrs | 40.5 yrs |
| Homeownership rate | 71.3% | 60.9% |
| Bachelor's degree or higher | 14.9% | 18.9% |
56701 vs 56716, side by side
Which ZIP wins?
- Cheaper to buy in: 56716 — typical home value $170,100.
- Higher household income: 56701 — $71,781.
- Renting: 56716 has the lower median rent.
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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.