ZIP Code 55414 -- Minneapolis, MN
Hennepin | 2024 American Community Survey Data
Key Insights
- Home prices are 8.5x the local median income — well above the recommended 3-5x ratio, suggesting a very expensive housing market.
- With 68.04% holding a bachelor's degree or higher, this is one of the most highly educated ZIP codes in the country (national average: 33.7%).
- 20.18% of workers here work from home — more than double the pre-pandemic national average, reflecting the shift to remote work.
- With a median age of 22.80, this is a very young community — likely home to a university campus or young professional hub.
- 84.86% of residents rent their homes, suggesting a transient or urban area with a strong rental market.
Quick Overview
About ZIP Code 55414
ZIP code 55414 in Minneapolis, Minnesota is a unknown area with a population of 35,007. The median household income is $51,966, which is This is 31% below the national median of $75,000.. The median home value is $440,500, representing a price-to-income ratio of 8.5x . The cost of living is significantly above average with an index of 141.9 (the national average is 100). Residents have a median age of 22.80 years. Approximately 68.0% of adults hold a bachelor's degree or higher. This ZIP code is located in Hennepin, MN.
Population & Age
Age Distribution
Race & Ethnicity
Racial Composition
Income & Economy
This is 31% below the national median of $75,000.
Income Distribution
Housing
Housing is expensive relative to income
Ownership vs Rental
Education
Employment & Commuting
How People Get to Work
Cost of Living Index
The cost of living in ZIP code 55414 is 41.9% above the national average of 100.
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Other ZIP Codes in Minneapolis
Other ZIP Codes in Hennepin
Frequently Asked Questions about ZIP Code 55414
ZIP code 55414 (Minneapolis, MN) has a total population of 35,007 according to the 2024 American Community Survey. The median age is 22.80 years.
The median household income in ZIP code 55414 is $51,966 per year, based on 2024 Census Bureau data. This is 31% below the national median of $75,000.
ZIP code 55414 is primarily located in Minneapolis, Minnesota (MN). It falls within Hennepin County.
The median home value in ZIP code 55414 is $440,500, based on the 2024 American Community Survey 5-year estimates. The median monthly rent is $1,425.
The median age in ZIP code 55414 is 22.80 years, compared to the national median of 38.9 years. This makes the area younger than the national average.
ZIP code 55414 has a cost of living index of 141.89 (national average = 100). This means the cost of living is significantly above average compared to the national average.
In ZIP code 55414, 68.04% of adults (25+) hold a bachelor's degree or higher, compared to the national average of 33.7%. 29.79% hold a graduate or professional degree.
The unemployment rate in ZIP code 55414 is 6.09%, which is above the national average of 3.6%. About 20.18% of workers work from home.
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Data sourced from the 2024 American Community Survey (U.S. Census Bureau). Learn more about our data sources.