55416 ZIP Code — Minneapolis, MN

Hennepin County, Minnesota

ZIP code 55416 is located in Minneapolis, Minnesota, within Hennepin County. It covers approximately 7.34 square miles and serves a population of 34,715 residents. This is a standard ZIP code in the Central (CT) timezone, served by area code 612.

About ZIP code 55416

The housing stock consists of a significant share of large multi-unit buildings. Most homes were built in the 1950s, giving the area an established character. Median home value is $434,600. Owner-occupancy sits near the national average at 51%.

The gap between median ($99,383) and mean household income suggests income inequality — a small number of higher earners pull the average up. The poverty rate of 5% is below the national average.

The dominant occupation class is management, business, and professional, with education and healthcare as the leading industry. The average commute of 21 minutes is near the national average. Remote work is prevalent — 26% of workers work from home.

Educational attainment is high — 73% of residents hold a bachelor's degree or higher, well above the national average of 33%.

Overall, ZIP code 55416 reflects a community defined by a highly educated population and a high rate of remote workers.

34,715

population

7.34

sq mi land

Standard

ZIP type

Central (CT)

timezone

55416 ZIP code map

Cities in ZIP code 55416

Below are the cities the US Postal Service accepts for ZIP code 55416. Using any city not on this list may result in mail delivery delays.

City	Status
Minneapolis	Acceptable
Minneapolis	Acceptable
Minneapolis	Preferred

Nearby ZIP codes

55408 Minneapolis (2 mi) 55405 Minneapolis (2 mi) 55426 Minneapolis (2.4 mi) 55410 Minneapolis (2.7 mi) 55409 Minneapolis (2.7 mi) 55403 Minneapolis (2.9 mi) 55424 Minneapolis (3 mi) 55436 Minneapolis (3.6 mi) 55402 Minneapolis (3.6 mi) 55419 Minneapolis (3.7 mi) 55411 Minneapolis (3.8 mi) 55404 Minneapolis (3.8 mi)

Demographics updated 05/2026

Population
Total population	34,715
Population density	4,730 / sq mi
State FIPS	27
County FIPS	053

Geography
Land area	7.34 sq mi
Water area	0.36 sq mi
Latitude	44.9489
Longitude	-93.3352
Timezone	Central (CT)
Area code	612

Total population by age

Gender

Race & ethnicity

Economics updated 05/2026

Household income

Income range	This ZIP	County avg	State avg
Under $50k	24.8%	30.5%	33.6%
$50k – $100k	28.8%	28.7%	31.5%
$100k – $200k	29.8%	27.6%	26.5%
Over $200k	16.6%	13.2%	8.5%

Demographics & statistics

34,715

Population

4,730

People per sq mi

35.3

Median age

$99,383

Median household income

$71,422

Per capita income

$434,600

Median home value

$1,623

Median monthly rent

50.7%

Home ownership

5.2%

Poverty rate

2.8%

Unemployment

10,063

Housing units

72.9%

Bachelor's or higher

Age distribution

Male Female

697

Under 5

738

782

5–9

828

691

10–14

732

692

15–19

733

1,102

20–24

1,167

4,377

25–34

4,636

2,085

35–44

2,209

1,783

45–54

1,889

1,026

55–59

1,086

841

60–64

891

1,691

65–74

1,791

552

75–84

584

540

85+

572

← Male

Female →

Age summary

Group	Count	%
Under 18	5,505	15.9%
18 and over	29,210	84.1%
65 and over	5,730	16.5%
Median age	35.3 years

Race & ethnicity

White 80.1%

Two or more races 5.8%

Black or African American 4.7%

Hispanic or Latino 4.1%

Asian 3.7%

Other race 1.4%

American Indian / Alaska Native 0.2%

Group	Count	%
White	28,989	80.1%
Two or more races	2,117	5.8%
Black or African American	1,692	4.7%
Hispanic or Latino	1,480	4.1%
Asian	1,329	3.7%
Other race	508	1.4%
American Indian / Alaska Native	80	0.2%

Household income

Income range	This ZIP	County avg	State avg
Under $50k	24.8%	30.5%	33.6%
$50k – $100k	28.8%	28.7%	31.5%
$100k – $200k	29.8%	27.6%	26.5%
Over $200k	16.6%	13.2%	8.5%

Under $10k 3.1%

$10k–$15k 1.0%

$15k–$25k 3.7%

$25k–$35k 3.9%

$35k–$50k 7.8%

$50k–$75k 16.2%

$75k–$100k 14.3%

$100k–$150k 17.9%

$150k–$200k 11.0%

$200k+ 21.0%

Range	% of households
Under $10k	3.1%
$10k–$15k	1.0%
$15k–$25k	3.7%
$25k–$35k	3.9%
$35k–$50k	7.8%
$50k–$75k	16.2%
$75k–$100k	14.3%
$100k–$150k	17.9%
$150k–$200k	11.0%
$200k+	21.0%
Median income	$99,383

Housing

Home values

Under $50k 0.7%

$50k–$100k 1.0%

$100k–$150k 2.7%

$150k–$200k 4.7%

$200k–$300k 13.1%

$300k–$500k 38.2%

$500k–$1M 34.5%

$1M+ 5.2%

Housing overview

Metric	Value
Median home value	$434,600
Median rent / month	$1,623
Owner occupied	50.7%
Renter occupied	49.3%
Vacant	5.8%
Single-family detached	39.3%
Large apartment buildings	43.8%
Mobile homes	0.0%
Median rooms	4.5
Avg household size (owned)	2.24

Year built

Era	%
2020 or later	0.4%
2010–2019	12.3%
2000–2009	10.4%
1990–1999	5.6%
1980–1989	12.2%
1970–1979	11.2%
1960–1969	8.7%
1950–1959	14.3%
1940–1949	11.5%
1939 or earlier	13.6%

Bedrooms

Size	% of units
No bedroom (studio)	5.2%
1 bedroom	29.4%
2 bedrooms	26.7%
3 bedrooms	20.7%
4 bedrooms	13.3%
5+ bedrooms	4.7%

Vehicles per household

Vehicles	% of households
No vehicle	5.2%
1 vehicle	48.9%
2 vehicles	37.1%
3 or more	8.8%

Heating fuel

Fuel type	%
Utility gas	68.6%
Electricity	26.4%
Propane / LP gas	2.9%
Fuel oil	0.2%
Wood	0.1%
No fuel used	1.1%

Households & families

Household type	Count	%
Married-couple family	5,921	33.4%
Cohabiting couple	1,524	8.6%
Male householder, no spouse	4,224	23.9%
Female householder, no spouse	6,033	34.1%
Households with children under 18	3,148	17.8%
Households with seniors (65+)	4,265	24.1%
Average household size	1.94

Marital status

Status	Male	Female
Never married	47.8%	43.5%
Married	43.9%	37.8%
Separated	0.6%	0.9%
Widowed	1.4%	7.8%
Divorced	6.3%	10.0%

Education

Less than 9th grade 1.1%

Some HS, no diploma 0.9%

HS graduate 7.3%

Some college, no degree 11.8%

Associate's degree 5.9%

Bachelor's degree 45.9%

Graduate / professional 27.0%

Metric	%
HS diploma or higher	98.0%
Bachelor's or higher	72.9%

School enrollment (ages 3–17)

Type	Count	%
Nursery / preschool	457	7.3%
Kindergarten	394	6.3%
Elementary school	2,401	38.1%
High school	1,407	22.3%
College / grad school	1,641	26.0%

Employment

Industry of employment

Education & healthcare 26.0%

Professional & management 19.5%

Finance & real estate 11.6%

Manufacturing 10.3%

Retail trade 9.2%

Arts, food & hospitality 4.9%

Transportation & utilities 4.3%

Wholesale trade 3.6%

Other services 3.4%

Construction 2.7%

Public administration 2.3%

Information 1.8%

Agriculture & mining 0.4%

Occupation

Category	%
Management, business & arts	65.8%
Service	7.2%
Sales & office	19.4%
Natural resources & construction	1.6%
Production & transportation	6.0%

Employment type

Type	%
Private sector	83.8%
Government	10.0%
Self-employed	5.9%
Unpaid family workers	0.2%

Commute

Method	%
Drive alone	61.2%
Carpool	4.2%
Public transit	4.3%
Walk	2.1%
Work from home	26.1%
Other means	2.1%
Avg commute (minutes)	20.8

Poverty

All people 5.2%

Under 18 years 4.9%

18 and over 5.3%

Married-couple families 0.9%

Female-led households 12.8%

Income support

Source	% of households
Social Security	22.4%
Retirement income	17.9%
Supplemental Security	3.1%
Cash public assistance	1.8%
Food stamps / SNAP	2.1%

Health indicators

Condition	%
Obesity	24.4%
High blood pressure	21.7%
High cholesterol	25.3%
Diabetes	5.7%
Heart disease	4.0%
Stroke	1.9%
Asthma	8.4%
Arthritis	16.4%
Kidney disease	2.0%
Pulmonary disease	2.8%
Cancer	5.9%

Behavior / access	%
Smoking	10.1%
Binge drinking	22.3%
No physical activity	12.5%
Less than 7 hrs sleep	22.9%
Depression	21.4%
Fair or poor health	6.8%
Poor mental health	12.1%
Poor physical health	5.6%
No health insurance	7.9%
Visited doctor (checkup)	67.9%
Visited dentist	75.0%
Cholesterol screening	91.3%
Teeth loss	4.6%

Veterans & disability

Veterans	Count	%
Civilian veterans	1,192	4.1%

Disability	%
Any disability	8.6%
Under 18	3.8%
18–64 years	5.7%
65 and over	25.2%

Health insurance coverage

Type	%
Private insurance	83.3%
Public insurance	26.2%
No insurance	3.0%
Uninsured under 19	2.4%

Language & origin

Language spoken at home (age 5+)

Language	Count	%
English only	33,280	95.9%
Spanish	1,087	3.3%
Other Indo-European	505	1.5%
Asian & Pacific Islander	340	1.0%
Other languages	97	0.3%

Place of birth & citizenship

Origin	Count	%
Native born (US)	31,540	90.9%
Born in same state	31,235	90.0%
Born in different state	18,669	53.8%
Foreign born	305	0.9%
Naturalized citizen	3,175	9.1%
Not a US citizen	1,800	56.7%

Ancestry

Ancestry	Count	%
Polish	4,593	13.2%
Italian	3,990	11.5%
French	2,804	8.1%
Arab	887	2.6%
English	743	2.1%

Ancestry	Count	%
Dutch	541	1.6%
German	289	0.8%
Norwegian	123	0.4%
Irish	27	0.1%

Technology access

Metric	% of households
Computer access	51.0%
Internet access	97.1%

Source: U.S. Census Bureau, American Community Survey 2025 estimates.

Frequently asked questions about ZIP code 55416

What city is ZIP code 55416 in?

ZIP code 55416 is primarily assigned to Minneapolis, Minnesota.

What county is ZIP code 55416 in?

ZIP code 55416 falls within Hennepin County, Minnesota.

How educated is the population of ZIP code 55416?

73% of residents hold a bachelor's degree or higher — well above the national average of ~33%, reflecting a highly educated population.

What is the typical home value in ZIP code 55416?

The median home value in ZIP code 55416 is $434,600.

What is the population of ZIP code 55416?

ZIP code 55416 has an estimated population of 34,715 residents, with a density of 4,732 people per square mile.

What is the median household income in ZIP code 55416?

The median household income in ZIP code 55416 is $99,383, above the national median of ~$75,000.

What timezone is ZIP code 55416 in?

ZIP code 55416 observes the CST timezone.