ZIP Code 55704 -- Askov, MN

Pine | 2024 American Community Survey Data

Key Insights

  • 81.08% of housing units are owner-occupied — indicating a stable, established neighborhood with strong homeownership.

Quick Overview

Population
1,051
Unknown
Median Income
$62,500
Home Value
$234,300
Median Rent
$488
Median Age
44.80
Diversity Index
14.50
Very Low
Cost of Living
66.5
significantly below average
Unemployment
10.2%

About ZIP Code 55704

ZIP code 55704 in Askov, Minnesota is a unknown area with a population of 1,051. The median household income is $62,500, which is This is 17% below the national median of $75,000.. The median home value is $234,300, representing a price-to-income ratio of 3.7x . The cost of living is significantly below average with an index of 66.5 (the national average is 100). Residents have a median age of 44.80 years. Approximately 24.9% of adults hold a bachelor's degree or higher. This ZIP code is located in Pine, MN.

Population & Age

Total Population
1,051
Median Age
44.80
Male Population
549
52.2%
Female Population
502
47.8%
Density Classification
Unknown

Age Distribution

Race & Ethnicity

Diversity Index
14.50 Very Low
White
94.2%
Black or African American
0.8%
Hispanic or Latino
2.0%
Asian
0.2%
Native American
1.0%
Pacific Islander
0.0%
Two or More Races
3.9%
Other Race
0.0%

Racial Composition

Income & Economy

Median Household Income
$62,500
Mean Household Income
$69,414
Per Capita Income
$32,456
Below Poverty Line
13.3%

This is 17% below the national median of $75,000.

Income Distribution

Housing

Median Home Value
$234,300
Median Rent
$488
Total Housing Units
609
Occupied Units
502
Vacant Units
107
17.6% vacancy
Median Year Built
1980
Owner Occupied
81.1%
Renter Occupied
18.9%
Price-to-Income Ratio 3.7x

Moderately affordable

Ownership vs Rental

Owner 81.1% Renter 18.9%

Education

High School Diploma or Higher 90.6%
Bachelor's Degree or Higher 24.9%
Graduate or Professional Degree 4.7%

Employment & Commuting

Civilian Labor Force
492
Employment Rate
89.8%
Unemployment Rate
10.2%
Mean Commute Time
N/A

How People Get to Work

Drive Alone
74.6%
Carpool
7.4%
Public Transit
0.5%
Work from Home
15.2%

Cost of Living Index

66.5
significantly below average

The cost of living in ZIP code 55704 is 33.5% below the national average of 100.

0 National Avg (100) 200

Compare 55704 with:

Compare 55704 with Another ZIP Code

Nearby ZIP Codes

Other ZIP Codes in Pine

ZIP Code City Population Median Income
55063 Beroun 9,212 $74,667
55037 Hinckley 5,215 $68,380
55072 Markville 4,418 $58,144
55783 Sturgeon lake 2,639 $82,421
55735 Finlayson 1,814 $63,827
55795 Willow river 1,807 $68,750

Frequently Asked Questions about ZIP Code 55704

ZIP code 55704 (Askov, MN) has a total population of 1,051 according to the 2024 American Community Survey. The median age is 44.80 years.

The median household income in ZIP code 55704 is $62,500 per year, based on 2024 Census Bureau data. This is 17% below the national median of $75,000.

ZIP code 55704 is primarily located in Askov, Minnesota (MN). It falls within Pine County.

The median home value in ZIP code 55704 is $234,300, based on the 2024 American Community Survey 5-year estimates. The median monthly rent is $488.

The median age in ZIP code 55704 is 44.80 years, compared to the national median of 38.9 years. This makes the area older than the national average.

ZIP code 55704 has a cost of living index of 66.47 (national average = 100). This means the cost of living is significantly below average compared to the national average.

In ZIP code 55704, 24.87% of adults (25+) hold a bachelor's degree or higher, compared to the national average of 33.7%. 4.71% hold a graduate or professional degree.

The unemployment rate in ZIP code 55704 is 10.16%, which is above the national average of 3.6%. About 15.17% 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.