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Minneapolis, MN cityscape

55420

Minneapolis, MN

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Total Population

23,433
5-year trend
+8.6%

Median Household Income

$73,527
5-year trend
+19.2%

Median Home Value

$284,300
5-year trend
+25.8%

Median Rent

$1,223
5-year trend
+36.4%

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Key Insights

What the data tells us about this area

Median household income is 101% higher than the state average, indicating an affluent area.

Home values are 102% higher than the state average. This area has a competitive real estate market.

Quick Facts & Insights

Key metrics and how they compare

Household Income
$73,527
100.8% above state avg
Home Value
$284,300
102.3% above state avg
Rent
$1,223
100% above state avg
Population Density
23,433 residents
Median Age
39.3 years
Safety Score
56/100
Moderate safety

Livability Score

Overall quality of life rating based on key factors

Overall Livability
74
Good
Out of 100

Score Breakdown

Amenities
98/100
Cost of Living
100/100
Safety
56/100
Education
41/100
ℹ️ Hover for details
Employment
71/100
Housing
98/100
Weather
69/100

Data Sources & Accuracy

Official Government Data:Demographics and housing statistics are from the U.S. Census Bureau API (American Community Survey 5-Year Estimates). Weather and climate data comes from the National Oceanic and Atmospheric Administration (NOAA) API with official climate normals from the nearest weather station. Crime statistics are from the FBI Crime Data Explorer API, with county-level data when available, otherwise state-level official data.
Modeled Estimates:Schools and some economic indicators are currently modeled using statistical methods based on national averages and regional patterns. For critical decisions, verify with official sources:

Learn more about our data sources and methodology on our Data Sources page.

Interactive Location Map

Minneapolis, MN 55420

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Coordinates: 44.8352°, -93.2552°Open in Google Maps

Cost of Living

Compared to national average (100 = US average)

Overall Cost Index
58
Lower than avg
100 = US National Average

Cost Index by Category

Housing
-1
Below avg
Transportation
90
Average
Healthcare
95
Average
Groceries
85
Below avg
Utilities
92
Average
Overall
58
Below avg

Economy & Employment

Job market and economic indicators

Labor Force
13,285
Employment Rate
94.7%
Avg. Commute
29 min
Work From Home
2%

Top Industries by Employment

Industry Breakdown

Manufacturing
30.7%
Educational Services
22.7%
Finance & Insurance
19.5%
Arts, Entertainment & Recreation
12%
Construction
7.1%
Total Employed
12,586
Total Unemployed
699
Unemployment Rate
5.3%

Nearby ZIP Codes

Explore surrounding areas

55122
3.8 mi
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Pop: 31,494
Income: $90k
55111
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55121
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55123
6.0 mi
Saint Paul, MN
Pop: 27,821
Income: $131k
55120
6.0 mi
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Pop: 5,194
Income: $105k
55124
6.4 mi
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Pop: 55,594
Income: $98k
55116
6.9 mi
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Pop: 26,595
Income: $76k
55118
7.1 mi
Saint Paul, MN
Pop: 29,026
Income: $83k
55077
7.9 mi
Inver Grove Heights, MN
Pop: 13,910
Income: $104k
55105
8.3 mi
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Pop: 27,299
Income: $112k
55104
9.4 mi
Saint Paul, MN
Pop: 44,498
Income: $70k
55114
9.4 mi
Saint Paul, MN
Pop: 3,588
Income: $68k

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Demographics Overview

Comprehensive population statistics and demographic breakdown

Key Demographic Insightsfor Minneapolis, MN

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

30.8% of adults hold bachelor's degrees or higher, comparable to national average.

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

Household Income Distribution

Local Median Income
$73,527
-2.2% vs US
vs State Median
+-100.8%
State: $-8,836,187
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: 2.54 people

Total Households
9,120
Family Households
42.4%

Employment by Industry

Where residents work

#1 Industry
Manufacturing
30.7%
#2 Industry
Education
22.7%
#3 Industry
Finance
19.5%
Total Employed Residents:6,414

Commute Patterns

How residents get to work

Short Commute
2.2%
Under 10 minutes
Long Commute
2.3%
Over 60 minutes
Work From Home
1.8%
191 workers
Public Transit
9.7%
1,019 workers
Total Commuting Workers:10,543
Commute Insights

Labor Force Statistics

Employment Rate
94.7%
12,586 employed
Labor Force
13,285
699 unemployed
Unemployment Rate:5.3%
Median Age
39.3 years
Per Capita Income
$36,415
Poverty Rate
14.3%
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