ZIP 55024 vs ZIP 55044

Source:

Farmington, MN — Lakeville, MN

This side-by-side compares ZIP 55024 (Farmington, MN) and ZIP 55044 (Lakeville, MN) using the same Census ACS 5-Year table fields for both — no averages swapped in, no national proxies. ZIP 55024 has a population of 32,406 at 141 people per square mile, while ZIP 55044 has 47,218 at 284 per square mile. That difference in population size and density alone reshapes how every other metric should be interpreted — a higher-income ZIP with 1,200 residents behaves very differently from one with 45,000.

On income and education, ZIP 55024 reports a median household income of $127,280 against $141,551 in ZIP 55044, with per-capita income of $49,167 vs $60,343. The share of adults holding a bachelor's degree or higher is 37.5% in 55024 and 53.9% in 55044. Poverty rate reads 3.9% vs 3.0%, and unemployment 2.9% vs 2.2% — these four fields alone drive most of the difference in the scorecard grades you will see for each ZIP.

Housing separates these two ZIPs further: median home value sits at $378,700 in 55024 versus $488,600 in 55044, with median rent of $1,483 and $1,826 per month respectively. Homeownership rate is 88.7% vs 88.0%. When reading the comparison table below, focus on paired metrics rather than single winners — a ZIP with lower home values and lower income is not strictly "worse" if rent-to-income ratios and commute times land in the same zone. Every value is pulled from the exact same ACS table so the two columns are genuinely comparable.

Compare different ZIP codes:

vs
Metric
55024
Farmington, MN
55044
Lakeville, MN
Population 32,406 47,218
Median Household Income $127,280 $141,551
Per Capita Income $49,167 $60,343
Median Age 36.1 37.1
Bachelor's Degree or Higher 37.5% 53.9%
Poverty Rate 3.9% 3.0%
Unemployment Rate 2.9% 2.2%
Median Home Value $378,700 $488,600
Median Rent (monthly) $1,483 $1,826
Homeownership Rate 88.7% 88.0%
Population Density (per sq mi) 141 284

Values highlighted in green indicate the better metric where applicable. Source: U.S. Census Bureau ACS 2023.

Full Profile
55024
Farmington, MN
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Full Profile
55044
Lakeville, MN
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What are common questions about this comparison?

How do ZIP codes 55024 and 55044 compare?
ZIP 55024 (Farmington, MN) has a population of 32,406 and a median household income of $127,280. ZIP 55044 (Lakeville, MN) has a population of 47,218 and a median household income of $141,551.
Which ZIP code has higher income, 55024 or 55044?
ZIP 55044 (Lakeville, MN) has a higher median household income of $141,551 compared to $127,280 for ZIP 55024.
How do I compare two ZIP codes on PlainZIP?
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All data sourced from the U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2023).

PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.

Data sourced from official U.S. Census ACS and HUD-USPS ZIP crosswalk data. See our methodology for details. Retrieved and formatted by PlainZIP Editorial.