ZIP 56245 vs ZIP 56229

Source:

Hanley Falls, MN — Cottonwood, MN

This side-by-side compares ZIP 56245 (Hanley Falls, MN) and ZIP 56229 (Cottonwood, MN) using the same Census ACS 5-Year table fields for both — no averages swapped in, no national proxies. ZIP 56245 has a population of 535 at 4 people per square mile, while ZIP 56229 has 1,871 at 7 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 56245 reports a median household income of $84,583 against $104,375 in ZIP 56229, with per-capita income of $41,362 vs $49,715. The share of adults holding a bachelor's degree or higher is 10.0% in 56245 and 27.7% in 56229. Poverty rate reads 7.0% vs 6.7%, and unemployment 0.4% vs 5.1% — 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 $148,200 in 56245 versus $205,600 in 56229, with median rent of $630 and $756 per month respectively. Homeownership rate is 71.0% vs 83.6%. 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
56245
Hanley Falls, MN
56229
Cottonwood, MN
Population 535 1,871
Median Household Income $84,583 $104,375
Per Capita Income $41,362 $49,715
Median Age 40.6 41.6
Bachelor's Degree or Higher 10.0% 27.7%
Poverty Rate 7.0% 6.7%
Unemployment Rate 0.4% 5.1%
Median Home Value $148,200 $205,600
Median Rent (monthly) $630 $756
Homeownership Rate 71.0% 83.6%
Population Density (per sq mi) 4 7

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

Full Profile
56245
Hanley Falls, MN
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Full Profile
56229
Cottonwood, MN
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What are common questions about this comparison?

How do ZIP codes 56245 and 56229 compare?
ZIP 56245 (Hanley Falls, MN) has a population of 535 and a median household income of $84,583. ZIP 56229 (Cottonwood, MN) has a population of 1,871 and a median household income of $104,375.
Which ZIP code has higher income, 56245 or 56229?
ZIP 56229 (Cottonwood, MN) has a higher median household income of $104,375 compared to $84,583 for ZIP 56245.
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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.