ZIP Code 55318 is associated with the city of Chaska in Minnesota (Carver County) in the U.S. Median househould income in this region is $88,812, while about 3% of the population lives below the poverty line. About 93.9% of residents in this Minnesota region have a high school degree or higher, while the per capita income is estimated at $43,882. The median age in ZIP Code 55318 is approximately 36.4 years, with 13.2% of residents aged 62 years and older. The current population estimate is 28,524.
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The median household income in ZIP Code 55318 is $88,812, while the region's mean household income is $116,947. Breaking income down further, per capita income in the region is $43,882. The per capita income in ZIP Code 55318 of $43,882 is approximately 16.63% more than the per capita income in Minnesota overall of $37,625. An estimated 2.7% of the population is living below the poverty line in this region. This rate is approximately 71.58% lower than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 19.1% of the population in 55318 earn $100,000 to $149,999 per year, while an estimated 15.5% earn $50,000 to $74,999 per year, and 2.4% of 55318 residents earn $10,000 to $14,999 per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 3.9% |
| $10,000 to $14,999 per year | 2.4% |
| $15,000 to $24,999 per year | 4.5% |
| $25,000 to $34,999 per year | 5.0% |
| $35,000 to $49,999 per year | 9.7% |
| $50,000 to $74,999 per year | 15.5% |
| $75,000 to $99,999 per year | 14.5% |
| $100,000 to $149,999 per year | 19.1% |
| $150,000 to $199,999 per year | 12.1% |
| $200,000 or more per year | 13.2% |
In ZIP Code 55318, 93.9% of the population graduated high school, while 46.6% have a bachelor's degree or higher. In this region, 3.1% achieved an education level less than 9th grade, while 15.0% hold a graduate or professional degree. Approximately 18.1% in this Carver County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 3.1% |
| 9th to 12th grade, no diploma | 3.0% |
| High school graduate (includes equivalency) | 18.1% |
| Some college, no degree | 16.6% |
| Associate's degree | 12.5% |
| Bachelor's degree | 31.6% |
| Graduate or professional degree | 15.0% |
Looking at race in the population that makes up ZIP Code 55318, 96.8% is one race, while 3.2% are two or more races. Approximately 8.6% of 55318 residents are hispanic or Latino (of any race). The most common race in 55318 (race alone or in combination with one or more other races), is White (91.6%), followed by Asian (4.7%) .
| Industry | Percent |
|---|---|
| White | 91.6% |
| Black or African American | 4.4% |
| American Indian and Alaska Native | 0.9% |
| Asian | 4.7% |
| Native Hawaiian and Other Pacific Islander | 0.0% |
| Some other race | 1.6% |
Residents of ZIP Code 55318 are younger than average. The median age of 36.4 years in ZIP Code 55318 is approximately 4.46% lower than the overall median age in the U.S. of 38.1 years. About 72.3% of residents are aged 18 years and older, and 13.2% of residents are 62 years and over. Approximately 15.4% of the population in 55318 falls in the age group 45 to 54 years, while an estimated 14.9% are aged 35 to 44 years. On the low end of the scale, 1.4% of 55318 residents are aged 85 years and over.
| Age Range | Percent |
|---|---|
| Under 5 years | 6.8% |
| 5 to 9 years | 8.2% |
| 10 to 14 years | 7.5% |
| 15 to 19 years | 7.4% |
| 20 to 24 years | 6.1% |
| 25 to 34 years | 12.0% |
| 35 to 44 years | 14.9% |
| 45 to 54 years | 15.4% |
| 55 to 59 years | 6.2% |
| 60 to 64 years | 5.8% |
| 65 to 74 years | 6.1% |
| 75 to 84 years | 2.3% |
| 85 years and over | 1.4% |
| Health Issue | Percent of adults* |
|---|
One of the top preventative health measures in ZIP Code 55318 is current access to health insurance, as an estimated 94% of adults 18 and older take part in this preventive measure. Additionally, % of those 18 and above in 55318 list , as a preventive measure.
| Preventive Measure | Percent of adults* |
|---|---|
| Current access to health insurance | 94% |
| Risk Behavior | Percent of adults* |
|---|
The median home value in ZIP Code 55318 in January 2025 comes in at $454,603. The January 2025 value is approximately 1% higher than the $449,015 median value in August 2024, and 3% higher than the $443,422 median value in February 2024. Regarding the age of homes in ZIP Code 55318, an estimated 29.1% of homes were built between 2000 and 2009. Additionally, 22.4% of homes in the region were built between 1990 and 1999, while an estimated 0.6% of homes were built between 1940 and 1949 in this Carver County region.
| Month | Home value |
|---|---|
| Jan 2025 | $454,603 |
| Dec 2024 | $453,482 |
| Nov 2024 | $451,855 |
| Oct 2024 | $450,520 |
| Sep 2024 | $449,641 |
| Aug 2024 | $449,015 |
| Jul 2024 | $448,793 |
| Jun 2024 | $448,614 |
| May 2024 | $447,981 |
| Apr 2024 | $446,280 |
| Mar 2024 | $444,601 |
| Feb 2024 | $443,422 |
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 6.3% |
| Built between 2010 and 2013 | 2.8% |
| Built between 2000 and 2009 | 29.1% |
| Built between 1990 and 1999 | 22.4% |
| Built between 1980 and 1989 | 16.1% |
| Built between 1970 and 1979 | 12.4% |
| Built between 1960 and 1969 | 3.8% |
| Built between 1950 and 1959 | 1.6% |
| Built between 1940 and 1949 | 0.6% |
| Built in 1939 or earlier | 4.9% |
In 55318, 76.4% of the population is in the labor force. Recent estimates place 7.4% as working from home, while the total labor force in the region has a mean travel to time to work of 25.0 minutes. Approximately 22.5% of the employed population 16 years and over in 55318 work in educational services, and health care and social assistance, while an estimated 14.6% work in manufacturing. On the lower end of the scale, just 0.3% of 55318 workers 16 years and over work in agriculture, forestry, fishing and hunting, and mining.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 0.3% |
| Construction | 5.9% |
| Manufacturing | 14.6% |
| Wholesale trade | 3.4% |
| Retail trade | 11.3% |
| Transportation and warehousing, and utilities | 3.1% |
| Information | 2.0% |
| Finance and insurance, and real estate and rental and leasing | 10.1% |
| Professional, scientific, management, and administrative | 12.7% |
| Educational services, and health care and social assistance | 22.5% |
| Arts, entertainment, and recreation, and accommodation and food services | 8.6% |
| Other services, except public administration | 3.6% |
| Public administration | 2.0% |
In ZIP Code 55318, 88.3% of the population lists "English only" as the language spoken in home, while 6.9% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 1.0% of homes, and other Indo-European languages are spoken in 2.2% of homes. Lastly, 1.6% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Carver County region.
| Language Spoken | Percent |
|---|---|
| English only | 88.3% |
| Spanish | 6.9% |
| Other Indo-European languages | 1.0% |
| Asian and Pacific Islander languages | 2.2% |
| Other languages | 1.6% |
Regarding solar power potential, ZIP Code 55318 has an average daily solar radiation level of 4.83 kWh/m2/day. This is approximately 17.23% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 26.71% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 55318 | 11.48¢/kWh | 8.73¢/kWh | 6.83¢/kWh |
| Minnesota | 17.1¢/kWh | 13.19¢/kWh | 9.79¢/kWh |
| United States | 18.07¢/kWh | 14.06¢/kWh | 9.02¢/kWh |
| Month | ZIP Code 55318 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 3.56 | 1.9 | 5.84 |
| Feb | 4.25 | 3 | 6.31 |
| Mar | 5.15 | 3.65 | 7.02 |
| Apr | 5.41 | 5.13 | 7.3 |
| May | 5.64 | 5.17 | 7.13 |
| Jun | 5.83 | 5.72 | 6.95 |
| Jul | 6.37 | 6.22 | 6.51 |
| Aug | 5.9 | 6.08 | 6.65 |
| Sep | 5.48 | 5.15 | 7.02 |
| Oct | 4.21 | 3.32 | 6.92 |
| Nov | 3.36 | 2.33 | 5.99 |
| Dec | 2.78 | 1.78 | 5.46 |