ZIP code 55408: income, home prices and cost of living

The median household income in ZIP 55408 is $70,158, which is 8% below the Minnesota median of $76,183 and 2% above the national figure. The typical home is valued at $373,400, and the median rent is $1,315/month. 24.7% of households own their home.

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

Median household income

$70,158

Minnesota average
$76,1838%
National
$68,7502%

Median home value

$373,400

Minnesota average
$240,20055%
National
$209,60078%

Median gross rent

$1,315

Minnesota average
$90645%
National
$98434%

Median age

29.7 yrs

Minnesota average
41.1 yrs28%
National
41.0 yrs28%

Homeownership rate

24.7%

Minnesota average
82.1%70%
National
75.8%67%

Bachelor's degree or higher

39.2%

Minnesota average
17.8%120%
National
15.9%147%

How ZIP 55408 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 55408 typically sell around $373,400. Compare what a vetted mortgage pro can actually offer you before you commit.

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Nearby ZIP codes in Minnesota

55407554095540655410554055541155404554125540355413

Or compare 55408 with 55407.

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See every local figure on the Minnesota money guide.

What people search about ZIP 55408

Searches for the cost of living in 55408, the median household income in 55408, average rent in 55408 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 55408, 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.