ZIP code 56501: income, home prices and cost of living

The median household income in ZIP 56501 is $68,413, which is 10% below the Minnesota median of $76,183 and 0% below the national figure. The typical home is valued at $275,000, and the median rent is $913/month. 72.5% of households own their home.

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

Median household income

$68,413

Minnesota average
$76,18310%
National
$68,750

Median home value

$275,000

Minnesota average
$240,20014%
National
$209,60031%

Median gross rent

$913

Minnesota average
$906
National
$9847%

Median age

43.3 yrs

Minnesota average
41.1 yrs5%
National
41.0 yrs6%

Homeownership rate

72.5%

Minnesota average
82.1%12%
National
75.8%4%

Bachelor's degree or higher

21.2%

Minnesota average
17.8%19%
National
15.9%33%

How ZIP 56501 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

56482564725647056537565445656056431565725657356425

Or compare 56501 with 56482.

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See every local figure on the Minnesota money guide.

What people search about ZIP 56501

Searches for the cost of living in 56501, the median household income in 56501, average rent in 56501 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 56501, 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.