ZIP code 56345: income, home prices and cost of living

The median household income in ZIP 56345 is $57,639, which is 24% below the Minnesota median of $76,183 and 16% below the national figure. The typical home is valued at $211,000, and the median rent is $790/month. 74.7% of households own their home.

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

Median household income

$57,639

Minnesota average
$76,18324%
National
$68,75016%

Median home value

$211,000

Minnesota average
$240,20012%
National
$209,600

Median gross rent

$790

Minnesota average
$90613%
National
$98420%

Median age

42.4 yrs

Minnesota average
41.1 yrs3%
National
41.0 yrs3%

Homeownership rate

74.7%

Minnesota average
82.1%9%
National
75.8%1%

Bachelor's degree or higher

13.9%

Minnesota average
17.8%22%
National
15.9%13%

How ZIP 56345 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

56347563525635356334563295636256364563675632056374

Or compare 56345 with 56347.

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What people search about ZIP 56345

Searches for the cost of living in 56345, the median household income in 56345, average rent in 56345 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 56345, 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.