ZIP 55407 vs ZIP 55423

Source:

Minneapolis, MN — Minneapolis, MN

This side-by-side compares ZIP 55407 (Minneapolis, MN) and ZIP 55423 (Minneapolis, MN) using the same Census ACS 5-Year table fields for both — no averages swapped in, no national proxies. ZIP 55407 has a population of 37,881 at 3,620 people per square mile, while ZIP 55423 has 35,375 at 1,962 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 55407 reports a median household income of $78,464 against $85,182 in ZIP 55423, with per-capita income of $40,979 vs $47,924. The share of adults holding a bachelor's degree or higher is 49.0% in 55407 and 43.8% in 55423. Poverty rate reads 17.4% vs 8.2%, and unemployment 6.5% vs 5.3% — 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 $335,400 in 55407 versus $343,900 in 55423, with median rent of $1,291 and $1,393 per month respectively. Homeownership rate is 58.9% vs 61.6%. 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
55407
Minneapolis, MN
55423
Minneapolis, MN
Population 37,881 35,375
Median Household Income $78,464 $85,182
Per Capita Income $40,979 $47,924
Median Age 33.8 39.4
Bachelor's Degree or Higher 49.0% 43.8%
Poverty Rate 17.4% 8.2%
Unemployment Rate 6.5% 5.3%
Median Home Value $335,400 $343,900
Median Rent (monthly) $1,291 $1,393
Homeownership Rate 58.9% 61.6%
Population Density (per sq mi) 3,620 1,962

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

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55407
Minneapolis, MN
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55423
Minneapolis, MN
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What are common questions about this comparison?

How do ZIP codes 55407 and 55423 compare?
ZIP 55407 (Minneapolis, MN) has a population of 37,881 and a median household income of $78,464. ZIP 55423 (Minneapolis, MN) has a population of 35,375 and a median household income of $85,182.
Which ZIP code has higher income, 55407 or 55423?
ZIP 55423 (Minneapolis, MN) has a higher median household income of $85,182 compared to $78,464 for ZIP 55407.
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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.