Minneapolis, MN cityscape

55403

Minneapolis, MN

Total Population
17,161
Median Household Income
$58,895
Median Home Value
$292,300
Median Rent
$1,179

Quick Facts & Insights

Key metrics and how they compare

Household Income
$58,895
100.6% above state median
Home Value
$292,300
102% above state median
Rent
$1,179
100% above state median
Median Age
34.1 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 55403

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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 58.2% holding bachelor's degrees or higher, well above national average of 33%.

Young population with median age of 34.1 years, attracting young professionals and families.

High remote work adoption with 20.6% working from home.

Poverty rate of 15.7% is above national average of 11.5%.

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

Household Income Distribution

Local Median Income
$58,895
-21.6% vs US
vs State Median
+-100.6%
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: 1.42 people

Total Households
11,286
Family Households
14.2%

Employment by Industry

Where residents work

#1 Industry
Finance
33.6%
#2 Industry
Education
24.3%
#3 Industry
Manufacturing
21.9%
Total Employed Residents:5,895

Commute Patterns

How residents get to work

Short Commute
1.7%
Under 10 minutes
Long Commute
5.0%
Over 60 minutes
Work From Home
20.6%
1,957 workers
Public Transit
15.1%
1,431 workers
Total Commuting Workers:9,485
Commute Insights
High remote work adoption (20.6% work from home)
Good public transit usage (15.1% of workers)

Labor Force Statistics

Employment Rate
95.2%
11,637 employed
Labor Force
12,220
583 unemployed
Median Age
34.1 years
Per Capita Income
$67,098
Poverty Rate
15.7%

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