Minneapolis (zip 55406), Minnesota
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Overview
Zip Code Overview
As of 2009, Minneapolis (zip 55406)'s population is 31,723 people. Since 2000, it has had a population growth of -2.88 percent.
The median home cost in Minneapolis (zip 55406) is $155,420. Home appreciation the last year has been -10.50 percent.
Compared to the rest of the country, Minneapolis (zip 55406)'s cost of living is 2.48% Lower than the U.S. average.
Minneapolis (zip 55406) public schools spend $8,559 per student. The average school expenditure in the U.S. is $6,058. There are about 12 students per teacher in Minneapolis (zip 55406).
The unemployment rate in Minneapolis (zip 55406) is 7.30 percent(U.S. avg. is 8.50%). Recent job growth is Negative. Minneapolis (zip 55406) jobs have Decreased by 4.70 percent.
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| Unemployment Rate | 7.30% | 8.50% |
| Recent Job Growth | -4.70% | -3.10% |
| Future Job Growth | 23.40% | 26.40% |
| Sales Taxes | 7.00% | 6.00% |
| Income Taxes | 8.00% | 5.02% |
| Income per Cap. | $27,803 | $24,020 |
| Household Income | $48,340 | $44,684 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 10.89% | 13.64% |
| Income between 15K and 25K | 10.58% | 11.21% |
| Income between 25K and 35K | 11.69% | 11.46% |
| Income between 35K and 50K | 20.18% | 15.84% |
| Income between 50K and 75K | 21.26% | 19.28% |
| Income between 75K and 100K | 12.52% | 11.53% |
| Income between 100K and 150K | 9.61% | 10.70% |
| Income between 150K and 250K | 2.52% | 4.43% |
| Income between 250K and 500K | 0.58% | 1.31% |
| Income greater than 500K | 0.17% | 0.61% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 13.15% | 13.61% |
| Professional and Related Occupations | 28.80% | 20.24% |
| Service | 15.34% | 14.75% |
| Sales and Office | 25.76% | 26.74% |
| Farming, Fishing, and Forestry | 0.09% | 0.74% |
| Construction, Extraction, and Maintenance | 5.45% | 9.48% |
| Production, Transportation, and Material Moving | 11.41% | 14.44% |
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| Median Home Age | 38 | 27 |
| Median Home Cost | $155,420 | $202,300 |
| Home Appreciation | -10.50% | -4.60% |
| Homes Owned | 70.35% | 64.07% |
| Housing Vacant | 2.13% | 14.48% |
| Homes Rented | 27.55% | 21.45% |
| Property Tax Rate | $14.31 | $13.28 |
| OWNER-OCCUPIED HOUSING UNITS BY VALUE | | |
| Less Than $20,000 | 0.03% | 3.01% |
| $20,000 to $39,999 | 0.14% | 4.37% |
| $40,000 to $59,999 | 0.56% | 5.74% |
| $60,000 to $79,999 | 3.71% | 7.07% |
| $80,000 to $99,999 | 7.24% | 8.41% |
| $100,000 to $149,999 | 36.51% | 19.74% |
| $150,000 to $199,999 | 29.37% | 14.06% |
| $200,000 to $299,999 | 18.09% | 16.59% |
| $300,000 to $399,999 | 2.56% | 8.21% |
| $400,000 to $499,999 | 0.89% | 4.53% |
| $500,000 to $749,999 | 0.85% | 4.75% |
| $1,000,000 or more | 0.02% | 1.86% |
| HOUSING UNITS BY YEAR STRUCTURE BUILT | | |
| 1999 to October 2005 | 2.75% | 10.15% |
| 1995 to 1998 | 0.40% | 6.69% |
| 1990 to 1994 | 0.27% | 6.70% |
| 1980 to 1989 | 4.23% | 14.75% |
| 1970 to 1979 | 6.86% | 17.11% |
| 1960 to 1969 | 6.22% | 12.78% |
| 1950 to 1959 | 6.09% | 11.64% |
| 1940 to 1949 | 8.63% | 6.64% |
| 1939 or Earlier | 64.55% | 13.55% |
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Cost of Living
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| Percent Religious | 57.71% | 50.03% |
| Catholic | 23.35% | 21.92% |
| Protestant | 25.29% | 19.12% |
| LDS | 0.44% | 1.57% |
| Baptist | 1.93% | 8.16% |
| Episcopalian | 0.89% | 8.12% |
| Pentecostal | 2.49% | 1.89% |
| Lutheran | 16.28% | 2.81% |
| Methodist | 2.14% | 3.84% |
| Presbyterian | 1.56% | 1.33% |
| Other Christian | 5.04% | 4.66% |
| Jewish | 2.83% | 2.16% |
| Eastern | 0.05% | 0.05% |
| Islam | 0.71% | 0.54% |
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