ZIP Code 55420 is associated with the city of Minneapolis in Minnesota (Hennepin County) in the U.S. Approximately 8% of the population lives below the poverty line, while the median househould income sits at $59,535. The median age in 55420 is estimated to at 38.4 years, and about 19.8% of residents are aged 62 years and older. About 87.5% of residents in this Minnesota region have a high school degree or higher, while the per capita income is estimated at $30,462. The current population estimate is 21,644.
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The median household income in ZIP Code 55420 is $59,535, while the region's mean household income is $74,418. Breaking income down further, per capita income in the region is $30,462. The per capita income in ZIP Code 55420 of $30,462 is approximately 19.04% less than the per capita income in the U.S. overall of $37,625. An estimated 8.2% of the population is living below the poverty line in this region. This rate is approximately 13.68% lower than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 17.2% of the population in 55420 earn $35,000 to $49,999 per year, while an estimated 17.1% earn $50,000 to $74,999 per year, and 3.6% of 55420 residents earn $200,000 or more per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 4.8% |
| $10,000 to $14,999 per year | 3.7% |
| $15,000 to $24,999 per year | 8.7% |
| $25,000 to $34,999 per year | 7.9% |
| $35,000 to $49,999 per year | 17.2% |
| $50,000 to $74,999 per year | 17.1% |
| $75,000 to $99,999 per year | 15.8% |
| $100,000 to $149,999 per year | 16.4% |
| $150,000 to $199,999 per year | 4.9% |
| $200,000 or more per year | 3.6% |
In ZIP Code 55420, 87.5% of the population graduated high school, while 28.3% have a bachelor's degree or higher. In this region, 5.7% achieved an education level less than 9th grade, while 6.9% hold a graduate or professional degree. Approximately 24.4% in this Hennepin County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 5.7% |
| 9th to 12th grade, no diploma | 6.8% |
| High school graduate (includes equivalency) | 24.4% |
| Some college, no degree | 23.2% |
| Associate's degree | 11.6% |
| Bachelor's degree | 21.4% |
| Graduate or professional degree | 6.9% |
Looking at race in the population that makes up ZIP Code 55420, 95.9% is one race, while 4.1% are two or more races. Approximately 13.1% of 55420 residents are hispanic or Latino (of any race). The most common race in 55420 (race alone or in combination with one or more other races), is White (68.3%), followed by Black or African American (17.7%) .
| Industry | Percent |
|---|---|
| White | 68.3% |
| Black or African American | 17.7% |
| American Indian and Alaska Native | 2.6% |
| Asian | 7.4% |
| Native Hawaiian and Other Pacific Islander | 0.1% |
| Some other race | 8.2% |
Residents of ZIP Code 55420 are older than average. The median age of 38.4 years in ZIP Code 55420 is approximately 0.79% higher than the overall median age in the U.S. of 38.1 years. About 78.6% of residents are aged 18 years and older, and 19.8% of residents are 62 years and over. Approximately 14.9% of the population in 55420 falls in the age group 25 to 34 years, while an estimated 14.1% are aged 35 to 44 years. On the low end of the scale, 2.6% of 55420 residents are aged 85 years and over.
| Age Range | Percent |
|---|---|
| Under 5 years | 6.8% |
| 5 to 9 years | 5.4% |
| 10 to 14 years | 5.6% |
| 15 to 19 years | 5.6% |
| 20 to 24 years | 6.5% |
| 25 to 34 years | 14.9% |
| 35 to 44 years | 14.1% |
| 45 to 54 years | 11.6% |
| 55 to 59 years | 7.3% |
| 60 to 64 years | 6.1% |
| 65 to 74 years | 8.0% |
| 75 to 84 years | 5.7% |
| 85 years and over | 2.6% |
| Health Issue | Percent of adults* |
|---|
One of the top preventative health measures in ZIP Code 55420 is current access to health insurance, as an estimated 90.3% of adults 18 and older take part in this preventive measure. Additionally, % of those 18 and above in 55420 list , as a preventive measure.
| Preventive Measure | Percent of adults* |
|---|---|
| Current access to health insurance | 90.3% |
| Risk Behavior | Percent of adults* |
|---|
Regarding the age of homes in ZIP Code 55420, an estimated 41.0% of homes were built between 1950 and 1959. Additionally, 21.8% of homes in the region were built between 1960 and 1969, while an estimated 0.1% of homes were built in 2014 or later in this Hennepin County region.
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 0.1% |
| Built between 2010 and 2013 | 0.9% |
| Built between 2000 and 2009 | 6.1% |
| Built between 1990 and 1999 | 3.4% |
| Built between 1980 and 1989 | 5.4% |
| Built between 1970 and 1979 | 10.8% |
| Built between 1960 and 1969 | 21.8% |
| Built between 1950 and 1959 | 41.0% |
| Built between 1940 and 1949 | 6.6% |
| Built in 1939 or earlier | 3.9% |
In 55420, 71.0% of the population is in the labor force. Recent estimates place 3.6% as working from home, while the total labor force in the region has a mean travel to time to work of 21.1 minutes. Approximately 20.5% of the employed population 16 years and over in 55420 work in educational services, and health care and social assistance, while an estimated 13.8% work in retail trade. On the lower end of the scale, just 0.3% of 55420 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 | 11.3% |
| Wholesale trade | 2.4% |
| Retail trade | 13.8% |
| Transportation and warehousing, and utilities | 5.1% |
| Information | 1.9% |
| Finance and insurance, and real estate and rental and leasing | 9.9% |
| Professional, scientific, management, and administrative | 10.7% |
| Educational services, and health care and social assistance | 20.5% |
| Arts, entertainment, and recreation, and accommodation and food services | 9.1% |
| Other services, except public administration | 6.6% |
| Public administration | 2.5% |
In ZIP Code 55420, 72.4% of the population lists "English only" as the language spoken in home, while 12.5% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 1.7% of homes, and other Indo-European languages are spoken in 5.6% of homes. Lastly, 7.8% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Hennepin County region.
| Language Spoken | Percent |
|---|---|
| English only | 72.4% |
| Spanish | 12.5% |
| Other Indo-European languages | 1.7% |
| Asian and Pacific Islander languages | 5.6% |
| Other languages | 7.8% |
Regarding solar power potential, ZIP Code 55420 has an average daily solar radiation level of 4.89 kWh/m2/day. This is approximately 18.69% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 25.8% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 55420 | 11.48¢/kWh | 8.73¢/kWh | 6.83¢/kWh |
| Minnesota | 15.87¢/kWh | 12.41¢/kWh | 9.46¢/kWh |
| United States | 17.47¢/kWh | 12.96¢/kWh | 8.3¢/kWh |
| Month | ZIP Code 55420 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 3.68 | 1.9 | 5.84 |
| Feb | 4.47 | 3 | 6.31 |
| Mar | 5.29 | 3.65 | 7.02 |
| Apr | 5.51 | 5.13 | 7.3 |
| May | 5.46 | 5.17 | 7.13 |
| Jun | 5.75 | 5.72 | 6.95 |
| Jul | 6.42 | 6.22 | 6.51 |
| Aug | 6.15 | 6.08 | 6.65 |
| Sep | 5.32 | 5.15 | 7.02 |
| Oct | 4.16 | 3.32 | 6.92 |
| Nov | 3.52 | 2.33 | 5.99 |
| Dec | 2.9 | 1.78 | 5.46 |