PlainZIP

Lake City, MN · standard

ZIP Code 55041

Wabasha County, Minnesota — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

7,601
20/sq mi
$78,672
Median income
$275,200
Median home value
29.3%
Bachelor's or higher

The verdict

Lake City pairs an above-median household income with above-median home values, in a rural, homeowner-dominated area.

Top 40%
household income, US ZIPs
Top 38%
home value, US ZIPs
20
people per sq mi
83%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55041 against every reporting US ZIP.

ZIP code 55041 is classified by USPS as a standard delivery area and covers roughly 380.1 square miles in Lake City, Wabasha County, Minnesota. The area is home to 7,601 residents, producing a population density of 20 people per square mile, and falls within the Chicago time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 55041 against Minnesota and the nation.

On the economic side, the median household income for ZIP 55041 sits at $78,672 (4% below the Minnesota average), while per-capita income is $43,876. The poverty rate stands at 5.6% and the unemployment rate at 0.7%. On housing, the median home value is $275,200 (8% above the state average) with median rent at $881 per month, and 82.8% of occupied units are owner-occupied, a direct signal of whether 55041 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 29.3% of adults hold a bachelor's degree or higher, the median age is 50.1, and the average commute is 21 minutes. We also surface 4 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Wabasha County, so you can benchmark 55041 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →

Top industries in ZIP 55041

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 55041.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 55041, Lake City, MN · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.

Quick Facts

7,601

Population

380.1

Area (sq mi)

20

People / sq mi

Chicago

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 55041?

50.1

Median Age

47.8%

Male

52.2%

Female

2.3%

Foreign-Born

White 94.2%
African American 0.5%
Asian 1.0%
American Indian or Alaska Native 0.2%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 3.4%
Hispanic or Latino 2.4%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$78,672

Median Household Income

-4% vs state

$43,876

Per Capita Income

5.6%

Poverty Rate

0.7%

Unemployment Rate

21.4 min

Mean Commute Time

How ZIP 55041 ranks nationally

Household income vs. every US ZIP code

Median household income — the full national distribution, with this ZIP marked

$78,672 Top 40% higher than 60% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). This entry sits in this band. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau — ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 63.9%
Bachelor's Degree or Higher 29.3%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

3,810

Total Housing Units

3,289

Occupied Units

521

Vacant Units

2.23

Avg Household Size

Occupancy Type

Owner 82.8%
Renter 17.2%

$275,200

Median Home Value

+8% vs state

$881

Median Rent

1975

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How have home values changed over time?

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+12.2%

YoY Change (2024)

258

HPI Index (2000 = 100)

+158%

Total Change Since 2000

Home values in ZIP 55041 have increased 12.2% over the past year (2024). Since 2000, this ZIP has seen +158% cumulative appreciation.

Year Annual Change HPI Index
2020 +0.8% 165
2021 +13.9% 187
2022 +13.6% 213
2023 +8.0% 230
2024 +12.2% 258

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 181 business establishments in ZIP 55041, employing approximately 2,893 people with a combined annual payroll of $183,336,000.

181

Businesses

2,893

Employees

$183.3M

Annual Payroll

15

Industry Sectors

Industry Establishments % of Total
Other services (except public administration) 26 14.4%
Retail trade 25 13.8%
Accommodation and food services 21 11.6%
Health care and social assistance 20 11.1%
Professional, scientific, and technical services 18 9.9%
Construction 14 7.7%
Manufacturing 9 5.0%
Transportation and warehousing 9 5.0%
Finance and insurance 9 5.0%
Administrative and support and waste management and remediation services 6 3.3%
Arts, entertainment, and recreation 6 3.3%
Wholesale trade 5 2.8%
Real estate and rental and leasing 5 2.8%
Information 4 2.2%
Management of companies and enterprises 3 1.7%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 55041 vs 55026 →

ZIP 55041 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 55041 ranks the most populous — useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 55041 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 55041 ranks #3 of 5 neighboring ZIPs — local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
55026 Frontenac, MN 455 9.3 mi
55957 Millville, MN 756 10.1 mi
54769 Stockholm, WI 502 9.3 mi
55991 Zumbro Falls, MN 1,490 10.6 mi

More ZIP Codes in Wabasha County

55964 standard
Plainview, MN
Pop: 4,389
55981 standard
Wabasha, MN
Pop: 3,961
55932 standard
Elgin, MN
Pop: 2,042
55956 standard
Mazeppa, MN
Pop: 1,962
55991 standard
Zumbro Falls, MN
Pop: 1,490
55945 standard
Kellogg, MN
Pop: 1,458

Related Areas

Wabasha County Lake City, MN Minnesota

Frequently Asked Questions

What county is ZIP code 55041 in? ▼
ZIP code 55041 (Lake City) is located in Wabasha County, Minnesota. Wabasha County contains multiple ZIP codes, see the full list at /counties/wabasha-mn.
What is the population of ZIP code 55041? ▼
ZIP code 55041 in Lake City, MN has a population of 7,601 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55041? ▼
The median household income in ZIP 55041 is $78,672, which is 3% above the national average of $76,288.
What is the average home value in ZIP 55041? ▼
The median home value in ZIP 55041 is $275,200, which is 1% below the national average of $278,155.
What is the demographic makeup of ZIP 55041? ▼
The largest racial group in ZIP 55041 is White at 94.2%. Hispanic or Latino residents make up 2.4% of the population.
How many businesses are in ZIP code 55041? ▼
ZIP code 55041 has 181 business establishments employing approximately 2,893 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55041? ▼
The top industries by establishment count in ZIP 55041 are: Other services (except public administration) (26), Retail trade (25), Accommodation and food services (21). There are 15 industry sectors represented in total.
How have home values changed in ZIP code 55041? ▼
According to the FHFA House Price Index, home values in ZIP 55041 increased by 12.2% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 158%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 55041? ▼
In ZIP code 55041, 63.9% of residents aged 25+ have a high school diploma or higher, and 29.3% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 55041? ▼
The mean commute time for workers in ZIP code 55041 is 21.4 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 55041? ▼
In ZIP code 55041, approximately 82.8% of occupied housing units are owner-occupied and 17.2% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55041? ▼
The poverty rate in ZIP code 55041 is 5.6% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Reading Census Demographics
How to interpret population, income, and education data from the Census Bureau.
Understanding ZIP Code Data
What ZIP codes are, how ZCTAs differ, and what the data reveals.
Best ZIP Codes for Families
Key factors to evaluate when choosing a family-friendly neighborhood.
ZIP Codes for Relocation
Data-driven tips for evaluating ZIP codes before a move.

Official Data Resources for Lake City, MN

Verify and explore additional data for this area using these official government sources.

U.S. Census Bureau
Official demographic, economic, and housing data from the American Community Survey.
HUD Fair Market Rents
Department of Housing and Urban Development rental cost estimates by metropolitan area.
FBI Uniform Crime Reports
Official crime statistics compiled from law enforcement agencies nationwide.
FHFA House Price Index
Federal Housing Finance Agency home value trends based on repeat sales and appraisals.

Read our methodology to see how this data is sourced, computed, and verified.