Comparison to Surrounding Areas
The median household income ($93,910) for 55406 is less than the median household income for 55105 ($107,248), 55417 ($126,261), and Hennepin County ($97,653). But it's more than 55455 ($-1), 55104 ($75,712), 55116 ($81,141), 55404 ($41,940), 55407 ($78,464), 55414 ($51,966), 55454 ($23,100), and Minneapolis city ($80,846).
| 55406 | $93,910 |
| Minneapolis city | $80,846 |
| Hennepin County | $97,653 |
Get Median Household Income for all Zip Codes in Minnesota.
The average household income ($115,881) for 55406 is less than the average household income for 55105 ($167,751), 55116 ($124,983), 55417 ($148,025), and Hennepin County ($138,433). But it's more than 55407 ($102,910), 55104 ($105,342), 55404 ($62,567), 55455 ($-1), 55414 ($82,300), 55454 ($37,805), and Minneapolis city ($115,325).
| 55406 | $115,881 |
| Minneapolis city | $115,325 |
| Hennepin County | $138,433 |
Get Average Household Income for all Zip Codes in Minnesota.
The per-capita income for 55406 is $54,006. The per capita income ($54,006) for 55406 is less than the per capita income for 55105 ($69,620), 55116 ($62,358), 55417 ($64,671), and Hennepin County ($59,401). But it's more than 55407 ($40,979), 55104 ($44,568), 55404 ($28,991), 55455 ($5,913), 55414 ($35,444), 55454 ($17,875), and Minneapolis city ($52,692).
| 55406 | $54,006 |
| Minneapolis city | $52,692 |
| Hennepin County | $59,401 |
Get Per-Capita Income for all Zip Codes in Minnesota.
14.4% of households make over $200,000 a year. The percent high income households (14.4%) for 55406 is less than the percent high income households for 55105 (27.7%), 55116 (18.4%), 55417 (22.9%), and Hennepin County (19.2%). But it's more than 55407 (9.8%), 55104 (11.5%), 55404 (5.5%), 55455 (0.0%), 55414 (9.0%), 55454 (0.0%), and Minneapolis city (14.2%).
| 55406 | 14.4% |
| Minneapolis city | 14.2% |
| 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 | |
|---|---|---|---|---|
| 55406 | $66,000 | $108,832 | $106,618 | $62,773 |
| Minneapolis city | $42,698 | $93,068 | $93,023 | $57,598 |
| 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 55406 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+ | |||||
| 55406 | +/-$5,806 | +/-$4,585 | +/-$2,302 | +/-1.8% | +/-$14,218 | +/-$5,356 | +/-$8,037 | +/-$7,759 |
| Minneapolis city | +/-$1,824 | +/-$2,340 | +/-$1,074 | +/-0.6% | +/-$4,511 | +/-$2,050 | +/-$5,975 | +/-$2,923 |
| Hennepin County | +/-$1,190 | +/-$1,439 | +/-$663 | +/-0.3% | +/-$3,766 | +/-$1,614 | +/-$3,107 | +/-$1,513 |