Comparison to Surrounding Areas
The median household income ($105,958) for 55416 is less than the median household income for 55410 ($146,425), 55424 ($250,001), 55436 ($144,129), Edina city ($128,767), and Golden Valley city ($108,772). But it's more than 55427 ($92,821), 55408 ($70,326), 55422 ($93,914), 55426 ($99,347), 55343 ($83,143), 55405 ($73,053), Hennepin County ($97,653), Minneapolis city ($80,846), and St. Louis Park city ($101,648).
| 55416 | $105,958 |
| Edina city | $128,767 |
| Golden Valley city | $108,772 |
| Minneapolis city | $80,846 |
| St. Louis Park city | $101,648 |
| Hennepin County | $97,653 |
Get Median Household Income for all Zip Codes in Minnesota.
The average household income ($143,601) for 55416 is less than the average household income for 55410 ($214,991), 55424 ($350,782), 55436 ($242,131), Edina city ($214,711), and Golden Valley city ($153,465). But it's more than 55427 ($114,641), 55408 ($98,219), 55422 ($128,327), 55426 ($122,250), 55343 ($105,824), 55405 ($121,304), Hennepin County ($138,433), Minneapolis city ($115,325), and St. Louis Park city ($128,904).
| 55416 | $143,601 |
| Edina city | $214,711 |
| Golden Valley city | $153,465 |
| Minneapolis city | $115,325 |
| St. Louis Park city | $128,904 |
| Hennepin County | $138,433 |
Get Average Household Income for all Zip Codes in Minnesota.
The per-capita income for 55416 is $74,220. The per capita income ($74,220) for 55416 is less than the per capita income for 55410 ($90,906), 55424 ($124,809), 55436 ($102,973), and Edina city ($93,210). But it's more than 55427 ($49,566), 55405 ($58,852), 55408 ($54,669), 55422 ($55,989), 55426 ($58,202), 55343 ($54,428), Hennepin County ($59,401), Golden Valley city ($68,225), Minneapolis city ($52,692), and St. Louis Park city ($64,370).
| 55416 | $74,220 |
| Edina city | $93,210 |
| Golden Valley city | $68,225 |
| Minneapolis city | $52,692 |
| St. Louis Park city | $64,370 |
| Hennepin County | $59,401 |
Get Per-Capita Income for all Zip Codes in Minnesota.
20.6% of households make over $200,000 a year. The percent high income households (20.6%) for 55416 is less than the percent high income households for 55410 (35.5%), 55424 (58.8%), 55436 (37.7%), Edina city (33.9%), and Golden Valley city (24.8%). But it's more than 55427 (13.1%), 55408 (9.6%), 55422 (15.5%), 55426 (15.1%), 55343 (10.2%), 55405 (15.2%), Hennepin County (19.2%), Minneapolis city (14.2%), and St. Louis Park city (16.8%).
| 55416 | 20.6% |
| Edina city | 33.9% |
| Golden Valley city | 24.8% |
| Minneapolis city | 14.2% |
| St. Louis Park city | 16.8% |
| 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 | |
|---|---|---|---|---|
| 55416 | $72,315 | $120,017 | $133,287 | $73,159 |
| Edina city | $60,484 | $134,956 | $201,576 | $83,010 |
| Golden Valley city | $71,955 | $139,930 | $123,460 | $68,346 |
| Minneapolis city | $42,698 | $93,068 | $93,023 | $57,598 |
| St. Louis Park city | $75,933 | $116,970 | $121,698 | $64,288 |
| 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 55416 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+ | |||||
| 55416 | +/-$7,055 | +/-$8,211 | +/-$4,195 | +/-2.2% | +/-$18,152 | +/-$7,757 | +/-$18,480 | +/-$8,487 |
| Edina city | +/-$7,641 | +/-$10,943 | +/-$4,513 | +/-1.9% | +/-$8,969 | +/-$11,754 | +/-$17,424 | +/-$6,518 |
| Golden Valley city | +/-$11,468 | +/-$14,723 | +/-$6,590 | +/-3.2% | +/-$19,935 | +/-$14,007 | +/-$17,118 | +/-$5,193 |
| Minneapolis city | +/-$1,824 | +/-$2,340 | +/-$1,074 | +/-0.6% | +/-$4,511 | +/-$2,050 | +/-$5,975 | +/-$2,923 |
| St. Louis Park city | +/-$5,815 | +/-$4,854 | +/-$2,361 | +/-1.8% | +/-$12,748 | +/-$6,618 | +/-$11,345 | +/-$1,391 |
| Hennepin County | +/-$1,190 | +/-$1,439 | +/-$663 | +/-0.3% | +/-$3,766 | +/-$1,614 | +/-$3,107 | +/-$1,513 |