Comparison to Surrounding Areas
The median household income ($178,553) for 55340 is less than the median household income for Medina city ($230,859). But it's more than 55446 ($170,625), 55374 ($144,714), 55391 ($174,301), 55311 ($153,568), 55356 ($156,622), 55357 ($152,500), 55359 ($129,250), Hennepin County ($97,653), and Corcoran city ($133,423).
| 55340 | $178,553 |
| Corcoran city | $133,423 |
| Medina city | $230,859 |
| Hennepin County | $97,653 |
Get Median Household Income for all Zip Codes in Minnesota.
The average household income ($235,300) for 55340 is less than the average household income for 55356 ($313,991), 55391 ($286,470), and Medina city ($342,338). But it's more than 55357 ($192,434), 55374 ($165,002), 55446 ($209,912), 55311 ($190,579), 55359 ($182,465), Hennepin County ($138,433), and Corcoran city ($176,262).
| 55340 | $235,300 |
| Corcoran city | $176,262 |
| Medina city | $342,338 |
| Hennepin County | $138,433 |
Get Average Household Income for all Zip Codes in Minnesota.
The per-capita income for 55340 is $81,439. The per capita income ($81,439) for 55340 is less than the per capita income for 55356 ($136,506), 55391 ($121,153), and Medina city ($115,447). But it's more than 55357 ($69,280), 55374 ($56,840), 55446 ($79,469), 55311 ($69,673), 55359 ($67,676), Hennepin County ($59,401), and Corcoran city ($67,146).
| 55340 | $81,439 |
| Corcoran city | $67,146 |
| Medina city | $115,447 |
| Hennepin County | $59,401 |
Get Per-Capita Income for all Zip Codes in Minnesota.
39.6% of households make over $200,000 a year. The percent high income households (39.6%) for 55340 is less than the percent high income households for 55356 (41.6%), 55391 (43.0%), 55446 (42.7%), and Medina city (56.3%). But it's more than 55311 (35.6%), 55357 (36.0%), 55359 (35.3%), 55374 (30.8%), Hennepin County (19.2%), and Corcoran city (27.3%).
| 55340 | 39.6% |
| Corcoran city | 27.3% |
| Medina city | 56.3% |
| Hennepin County | 19.2% |
Get High Income Households for all Zip Codes in Minnesota.
| under 25 years | 25 to 44 years | 45 to 64 years | 65 years and over | |
|---|---|---|---|---|
| 55340 | $-1 | $230,625 | $185,313 | $80,343 |
| Corcoran city | $-1 | $183,411 | $161,058 | $95,437 |
| Medina city | $-1 | $250,001 | $250,001 | $75,703 |
| Hennepin County | $52,540 | $107,913 | $123,742 | $68,042 |
Get Median Household Income by Age of Householder for all Zip Codes in Minnesota.
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All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2024 5-year estimates. You can find this information and other demographics for 55340 on the US Census Bureau’s website. These values are in 2024 inflation-adjusted dollars and were downloaded on 29 January 2026.
Margins of error for the income data are:
| Median Household Income | Average Household Income | Per Capita Income | High Income Households | Median Household Income by Age of Householder | ||||
|---|---|---|---|---|---|---|---|---|
| under 25 | 25 to 44 | 45 to 64 | 65+ | |||||
| 55340 | +/-$43,750 | +/-$33,111 | +/-$11,013 | +/-6.9% | +/-$-1 | +/-$52,234 | +/-$51,040 | +/-$16,247 |
| Corcoran city | +/-$31,559 | +/-$28,101 | +/-$9,700 | +/-6.9% | +/-$-1 | +/-$20,862 | +/-$64,220 | +/-$25,105 |
| Medina city | +/-$52,472 | +/-$68,887 | +/-$24,674 | +/-8.7% | +/-$-1 | +/-$-1 | +/-$-1 | +/-$21,155 |
| Hennepin County | +/-$1,190 | +/-$1,439 | +/-$663 | +/-0.3% | +/-$3,766 | +/-$1,614 | +/-$3,107 | +/-$1,513 |