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Minneapolis, MN cityscape

55430

Minneapolis, MN

Total Population

23,363

Median Household Income

$74,368

Median Home Value

$228,600

Median Rent

$1,269

Quick Facts & Insights

Key metrics and how they compare

Household Income

$74,368

100.8% above state median

Home Value

$228,600

101.6% above state median

Rent

$1,269

100% above state median

Median Age

33.0 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 55430

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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.

26.2% of adults hold bachelor's degrees or higher, comparable to national average.

Young population with median age of 33.0 years, attracting young professionals and families.

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

Household Income Distribution

Local Median Income

$74,368

-1.0% vs US

vs State Median

+-100.8%

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: 2.94 people

Total Households

7,871

Family Households

38.1%

Employment by Industry

Where residents work

#1 Industry

Education

30.2%

#2 Industry

Manufacturing

27.2%

#3 Industry

Finance

16.4%

Total Employed Residents:7,703

Commute Patterns

How residents get to work

Short Commute

1.0%

Under 10 minutes

Long Commute

2.2%

Over 60 minutes

Work From Home

1.7%

181 workers

Public Transit

7.7%

824 workers

Total Commuting Workers:10,703

Commute Insights

Labor Force Statistics

Employment Rate

95.9%

12,248 employed

Labor Force

12,783

526 unemployed

Median Age

33.0 years

Per Capita Income

$29,510

Poverty Rate

10.1%

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