Comparison to Surrounding Areas
The median household income ($78,464) for 55407 is less than the median household income for 55406 ($93,910), 55409 ($98,305), 55417 ($126,261), 55419 ($148,350), Hennepin County ($97,653), and Minneapolis city ($80,846). But it's more than 55404 ($41,940) and 55408 ($70,326).
| 55407 | $78,464 |
| Minneapolis city | $80,846 |
| Hennepin County | $97,653 |
Get Median Household Income for all Zip Codes in Minnesota.
The average household income ($102,910) for 55407 is less than the average household income for 55406 ($115,881), 55409 ($126,182), 55417 ($148,025), 55419 ($193,594), Hennepin County ($138,433), and Minneapolis city ($115,325). But it's more than 55404 ($62,567) and 55408 ($98,219).
| 55407 | $102,910 |
| Minneapolis city | $115,325 |
| Hennepin County | $138,433 |
Get Average Household Income for all Zip Codes in Minnesota.
The per-capita income for 55407 is $40,979. The per capita income ($40,979) for 55407 is less than the per capita income for 55408 ($54,669), 55417 ($64,671), 55419 ($77,923), 55406 ($54,006), 55409 ($59,579), Hennepin County ($59,401), and Minneapolis city ($52,692). But it's more than 55404 ($28,991).
| 55407 | $40,979 |
| Minneapolis city | $52,692 |
| Hennepin County | $59,401 |
Get Per-Capita Income for all Zip Codes in Minnesota.
9.8% of households make over $200,000 a year. The percent high income households (9.8%) for 55407 is less than the percent high income households for 55406 (14.4%), 55409 (15.9%), 55417 (22.9%), 55419 (36.9%), Hennepin County (19.2%), and Minneapolis city (14.2%). But it's more than 55404 (5.5%) and 55408 (9.6%).
| 55407 | 9.8% |
| 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 | |
|---|---|---|---|---|
| 55407 | $31,250 | $87,489 | $85,325 | $54,757 |
| 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 55407 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+ | |||||
| 55407 | +/-$4,349 | +/-$7,724 | +/-$3,041 | +/-1.7% | +/-$25,248 | +/-$6,836 | +/-$11,856 | +/-$5,860 |
| 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 |