ZIP Code 56174 -- Storden, MN

Cottonwood | 2024 American Community Survey Data

Key Insights

  • With a price-to-income ratio of 1.4x, housing here is relatively affordable compared to the recommended 3-5x benchmark.

Quick Overview

Population
352
Unknown
Median Income
$74,688
Home Value
$104,200
Median Rent
$979
Median Age
46.00
Diversity Index
10.20
Very Low
Cost of Living
55.0
significantly below average
Unemployment
2.3%

About ZIP Code 56174

ZIP code 56174 in Storden, Minnesota is a unknown area with a population of 352. The median household income is $74,688, which is This is 0% below the national median of $75,000.. The median home value is $104,200, representing a price-to-income ratio of 1.4x . The cost of living is significantly below average with an index of 55.0 (the national average is 100). Residents have a median age of 46.00 years. Approximately 18.5% of adults hold a bachelor's degree or higher. This ZIP code is located in Cottonwood, MN.

Population & Age

Total Population
352
Median Age
46.00
Male Population
183
52.0%
Female Population
169
48.0%
Density Classification
Unknown

Age Distribution

Race & Ethnicity

Diversity Index
10.20 Very Low
White
95.7%
Black or African American
0.0%
Hispanic or Latino
1.1%
Asian
0.0%
Native American
0.6%
Pacific Islander
0.0%
Two or More Races
3.7%
Other Race
0.0%

Racial Composition

Income & Economy

Median Household Income
$74,688
Mean Household Income
$78,606
Per Capita Income
$34,657
Below Poverty Line
14.5%

This is 0% below the national median of $75,000.

Income Distribution

Housing

Median Home Value
$104,200
Median Rent
$979
Total Housing Units
173
Occupied Units
159
Vacant Units
14
8.1% vacancy
Median Year Built
1949
Owner Occupied
73.0%
Renter Occupied
27.0%
Price-to-Income Ratio 1.4x

Affordable housing market

Ownership vs Rental

Owner 73.0% Renter 27.0%

Education

High School Diploma or Higher 91.3%
Bachelor's Degree or Higher 18.5%
Graduate or Professional Degree 3.4%

Employment & Commuting

Civilian Labor Force
173
Employment Rate
97.7%
Unemployment Rate
2.3%
Mean Commute Time
N/A

How People Get to Work

Drive Alone
71.6%
Carpool
10.1%
Public Transit
0.0%
Work from Home
14.8%

Cost of Living Index

55.0
significantly below average

The cost of living in ZIP code 56174 is 45.0% below the national average of 100.

0 National Avg (100) 200

Compare 56174 with:

Compare 56174 with Another ZIP Code

Nearby ZIP Codes

Other ZIP Codes in Cottonwood

ZIP Code City Population Median Income
56101 Wilder 6,157 $77,083
56159 Mountain lake 2,668 $71,648
56183 Westbrook 1,241 $45,536
56145 Jeffers 510 $58,750
56118 Bingham lake 457 $91,250

Frequently Asked Questions about ZIP Code 56174

ZIP code 56174 (Storden, MN) has a total population of 352 according to the 2024 American Community Survey. The median age is 46.00 years.

The median household income in ZIP code 56174 is $74,688 per year, based on 2024 Census Bureau data. This is 0% below the national median of $75,000.

ZIP code 56174 is primarily located in Storden, Minnesota (MN). It falls within Cottonwood County.

The median home value in ZIP code 56174 is $104,200, based on the 2024 American Community Survey 5-year estimates. The median monthly rent is $979.

The median age in ZIP code 56174 is 46.00 years, compared to the national median of 38.9 years. This makes the area older than the national average.

ZIP code 56174 has a cost of living index of 54.96 (national average = 100). This means the cost of living is significantly below average compared to the national average.

In ZIP code 56174, 18.49% of adults (25+) hold a bachelor's degree or higher, compared to the national average of 33.7%. 3.40% hold a graduate or professional degree.

The unemployment rate in ZIP code 56174 is 2.31%, which is below the national average of 3.6%. About 14.79% 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.