Minneapolis, MN cityscape

55401

Minneapolis, MN

Total Population
11,510
Median Household Income
$118,188
Median Home Value
$389,600
Median Rent
$1,950

Quick Facts & Insights

Key metrics and how they compare

Household Income
$118,188
101.3% above state median
Home Value
$389,600
102.7% above state median
Rent
$1,950
100% above state median
Median Age
35.2 years

Data Sources & Accuracy

U.S. Census Bureau:Population, age, income, education, employment, and housing characteristics are from the American Community Survey (ACS) 5-Year Estimates (2018–2022 release).
Zillow (ZHVI):Typical home values reflect the Zillow Home Value Index (smoothed, seasonally adjusted), published monthly.

Estimates carry a margin of error and describe the ZIP-code area as a whole, not any individual property or block. See our methodology and data sources for details, or report a problem on our corrections page.

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Location Map

Minneapolis, MN 55401

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Demographics Overview

Population statistics from the U.S. Census Bureau (ACS 5-year estimates)

Key Demographic Insightsfor Minneapolis, MN

Median household income is 101% below state average, suggesting more affordable cost of living.

High education levels with 78.2% holding bachelor's degrees or higher, well above national average of 33%.

Strong job market with unemployment rate of 1.5%, below national average.

High remote work adoption with 30.1% working from home.

Low poverty rate of 6.3%, well below national average.

Insights are derived from US Census Bureau data and may not reflect recent changes.

Household Income Distribution

Local Median Income
$118,188
+57.3% vs US
vs State Median
+-101.3%
State: $-9,260,947
Income Distribution
30.8%
Under $50k
18.5%
Over $100k
Lower Income
Middle Income
Higher Income
Data from US Census Bureau ACS 5-Year Estimates

Age Distribution

Population by age group

Household Income Breakdown

Households by income bracket

Education Levels (Age 25+)

Highest education attained

Race & Ethnicity

Demographic composition

Households & Employment

Household Types

Family composition breakdown

Average Household Size: 1.44 people

Total Households
7,941
Family Households
19.4%

Employment by Industry

Where residents work

#1 Industry
Finance
41.9%
#2 Industry
Manufacturing
24.4%
#3 Industry
Education
22.2%
Total Employed Residents:5,151

Commute Patterns

How residents get to work

Short Commute
1.4%
Under 10 minutes
Long Commute
3.6%
Over 60 minutes
Work From Home
30.1%
1,902 workers
Public Transit
5.6%
354 workers
Total Commuting Workers:6,311
Commute Insights
High remote work adoption (30.1% work from home)

Labor Force Statistics

Employment Rate
98.5%
8,945 employed
Labor Force
9,081
136 unemployed
Median Age
35.2 years
Per Capita Income
$111,370
Poverty Rate
6.3%

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