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ZIP CODE TABULATION AREA

55316

Minnesota · 23,294 residents · 8.151 sq mi
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ZIP 55316 is significantly wealthier than the US average, with a median household income of $116,102. Population has held roughly steady since 2024. Median home value is $358,700. Among the 64 ZIP codes in Hennepin County, 55316 ranks 25th by median household income.

$116,102
US average: $82,259
$358,700
US average: $376,019
36.9%
US average: 35.6%
Age, sex & households
Under 18
24.1%
Age 65+
15.1%
48.3%
51.7%
2.70 people
Race & ethnicity · 2024
2024
White, non-Hispanic75.1%(17,495)
Black9.7%(2,250)
Hispanic / Latino4.6%(1,067)
Asian4.3%(994)
Other6.4%(1,488)
Diversity Score52.3%(12,188)
Housing
Commute & vehicles
Work & employment
People & community
Affordability & inequality
Within Hennepin County
Income rank vs other ZIPs
LOWEST25TH OF 64HIGHEST
Adjacent ZIPs
55305$104,914
55311$153,568
55327$140,366
Frequently asked

How many people live in ZIP code 55316?

ZIP code 55316 has about 23,294 residents according to the 2024 American Community Survey.

What is the median household income in ZIP code 55316?

The typical household in ZIP code 55316 earns about $116,102 a year. Half of households make more than that, and half make less.

Is ZIP code 55316 expensive?

In ZIP code 55316, the median home is worth about $358,700, and the typical rent is about $1,689 a month.

How educated are people in ZIP code 55316?

About 36.9% of adults age 25 and over in ZIP code 55316 hold a bachelor's degree or higher.

What is the poverty rate in ZIP code 55316?

About 7.2% of people in ZIP code 55316 live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR · ZCTA · UPDATED 2024