ZIP code 55305: income, home prices and cost of living

The median household income in ZIP 55305 is $104,380, which is 37% above the Minnesota median of $76,183 and 52% above the national figure. The typical home is valued at $417,400, and the median rent is $1,723/month. 60.3% of households own their home.

Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.

Median household income

$104,380

Minnesota average
$76,18337%
National
$68,75052%

Median home value

$417,400

Minnesota average
$240,20074%
National
$209,60099%

Median gross rent

$1,723

Minnesota average
$90690%
National
$98475%

Median age

39.5 yrs

Minnesota average
41.1 yrs4%
National
41.0 yrs4%

Homeownership rate

60.3%

Minnesota average
82.1%27%
National
75.8%20%

Bachelor's degree or higher

38.7%

Minnesota average
17.8%117%
National
15.9%143%

How ZIP 55305 compares with Minnesota and the U.S.

State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.

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Homes in 55305 typically sell around $417,400. Compare what a vetted mortgage pro can actually offer you before you commit.

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Nearby ZIP codes in Minnesota

55304553065530355302553085530155309553115531355315

Or compare 55305 with 55304.

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See every local figure on the Minnesota money guide.

What people search about ZIP 55305

Searches for the cost of living in 55305, the median household income in 55305, average rent in 55305 and home values in this part of Minnesota all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.

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Methodology

Figures describe ZIP Code Tabulation Area 55305, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.

State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.

Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.