ZIP code 55731: income, home prices and cost of living

The median household income in ZIP 55731 is $61,394, which is 19% below the Minnesota median of $76,183 and 11% below the national figure. The typical home is valued at $198,500, and the median rent is $589/month. 75.2% of households own their home.

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

Median household income

$61,394

Minnesota average
$76,18319%
National
$68,75011%

Median home value

$198,500

Minnesota average
$240,20017%
National
$209,6005%

Median gross rent

$589

Minnesota average
$90635%
National
$98440%

Median age

57.8 yrs

Minnesota average
41.1 yrs41%
National
41.0 yrs41%

Homeownership rate

75.2%

Minnesota average
82.1%8%
National
75.8%

Bachelor's degree or higher

25.9%

Minnesota average
17.8%46%
National
15.9%63%

How ZIP 55731 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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Nearby ZIP codes in Minnesota

55733557345572055719557445574655792558035580455805

Or compare 55731 with 55733.

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See every local figure on the Minnesota money guide.

What people search about ZIP 55731

Searches for the cost of living in 55731, the median household income in 55731, average rent in 55731 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 55731, 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.