Residential delivery area · Minnesota
ZIP Code 55416: Minneapolis, MN
ZIP code 55416 uses the postal name Minneapolis, Minnesota and lies entirely in Hennepin County (Census 2020 ZIP-county file). About 35,000 people live there (Census Bureau, ACS 2020-2024), the 4th most populous of Minneapolis's 51 residential ZIP codes. Median household income is $105,958 (Census Bureau, ACS 2020-2024). Most of its land (68%) lies in the city of St. Louis Park; 16% is in Minneapolis.
- ACS2020-24
- Census2020
- FHFA2025
- ZBP2023
- IRS2022
- Town
- Minneapolis · 51 residential ZIPs
- County
- Hennepin County
- Census places
- St. Louis Park (68%); Minneapolis (16%); Golden Valley (13%)
- Metro area
- Minneapolis-St. Paul-Bloomington, MN-WI
- House district
- MN-5 119th Congress
- State
- Minnesota
- Time zone
- Central
- Land area
- 7.3 sq mi · 4,773 people per sq mi
- PO Box ZIPs
- 18 more ZIP codes use the name Minneapolis for PO boxes or single organizations
Where is ZIP code 55416?
55416 centers on 44.949°, -93.341° and covers 7.3 square miles of land plus 0.4 of water. It borders 9 ZIP codes: 55426, 55408, 55405, 55410, 55424, 55436, 55422, 55427, 55343.
The map draws ZIP code areas only. For the streets inside 55416, open its center on OpenStreetMap.
Source: U.S. Census Bureau, 2020 ZCTA cartographic boundaries and the 2023 Gazetteer (2020 ZCTAs); ZIP-to-county shares, Census places and House districts (119th Congress) from the Census 2020 relationship files (shares of land); metro area from the OMB delineation (July 2023); town name and time zone from simplemaps US ZIP Codes (CC BY 4.0).
How does 55416 compare with the rest of Minneapolis?
| Measure | 55416 | In Minneapolis | In Hennepin County | In MN |
|---|---|---|---|---|
| People (ACS 2020-2024) | 35,015 | 4th of 51 | 6th of 71 | 28th of 881 |
| Median household income | $106k | 15th of 47 | 33rd of 66 | 98th of 545 |
| Median home value | $462k | 11th of 48 | 24th of 66 | 42nd of 558 |
Its median household income is higher than in 85% of U.S. residential ZIP codes, and it is denser than 93% of all U.S. residential ZIP codes. ZIP codes at the ACS caps ($250,000 or more for household income, $2,000,000 or more for home value) share the top rank.
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B01003, B19013, B25077); ranks by PlainZIP over residential ZIP codes (ZCTAs).
How many people live in 55416?
The 2020 Census counted 34,129 people in 55416; the ACS, which samples households over 2020-2024, estimates 35,015. Between the 2010 and 2020 censuses its population grew 17.6% (its boundary stayed at least 90% the same).
- People, ACS 2020-2024
- 35,015
- 2020 Census count
- 34,129+17.6% since 2010 (29,027)
- Households
- 18,055
- Median age
- 35.6
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B01003, B01002, B11001); 2020 Census (DHC P1); 2010 Census (SF1 P1).
Who lives in 55416?
Of the 35,015 people the ACS estimates in 55416, 16.4% are under 18 and 16.9% are 65 or older. The largest group by race and Hispanic origin is White (not Hispanic) (78.3%).
- Under 1816.4%
- 18 to 6466.7%
- 65 and older16.9%
- White, not Hispanic78.3%
- Hispanic or Latino8.0%
- Other or two or more6.2%
- Black, not Hispanic4.7%
- Asian, not Hispanic2.9%
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B01001 age by sex, B03002 Hispanic or Latino origin by race); shares of the estimated population, small ZIP codes carry wide margins.
What do households in 55416 earn?
Median household income is $105,958 (ACS 2020-2024), the 33rd highest of the 66 ranked ZIP codes in Hennepin County. It is not measurably different from 2015-2019 ($104,427 in 2024 dollars): the change is within the surveys' margins of error.
- Median household income
- $105,958
- Income per person
- $74,220
- Below the poverty line
- 5.9%
- Unemployed (of the labor force)
- 3.3%
- Adults 25+ with a bachelor's degree
- 71.4%
- Adjusted gross income per tax return, 2022
- $128,60219,640 returns; wages 68% of AGI (IRS)
Source: U.S. Census Bureau, ACS 2020-2024 and 2015-2019 5-year estimates (B19013, B19301, B17001, B23025, B15003; 2015-2019 dollars converted with the BLS CPI-U, 1.22699); IRS Statistics of Income, ZIP code data, tax year 2022 (adjusted gross income per return, filed under the address on the return).
What are homes worth in 55416?
FHFA's house price index for 55416, built from repeat sales and appraisals of the same homes, rose 55% from 2015 to 2025 and rose 24% from 2020 to 2025, and moved +2.7% in 2025.
- Median home value (owners' estimate)
- $461,500
- Median gross rent
- $1,755
- Homes owned by their occupants
- 49.9%
- Housing units
- 19,444
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B25077, B25064, B25003, B25001); FHFA House Price Index, annual five-digit ZIP, updated 2026-03-31.
What businesses are in 55416?
1,559 business establishments had a location in this ZIP code in 2023, 46 fewer than in 2018; the most are in professional, scientific, and technical services (ZIP Code Business Patterns).
- Professional, scientific, and technical services330
- Health care and social assistance204
- Real estate and rental and leasing180
- Other services (except public administration)142
- Finance and insurance129
- Retail trade116
Source: U.S. Census Bureau, ZIP Code Business Patterns 2023 and 2018 (establishments with paid employees, by the business's ZIP code).
Which ZIP codes are next to 55416?
| ZIP | Town | People | Household income | Distance |
|---|---|---|---|---|
| 55426 | Minneapolis | 25,251 | $99k | 2.0 mi |
| 55408 | Minneapolis | 31,507 | $70k | 2.3 mi |
| 55405 | Minneapolis | 17,198 | $73k | 2.5 mi |
| 55410 | Minneapolis | 20,422 | $146k | 2.8 mi |
| 55424 | Minneapolis | 10,289 | $250k+ | 3.1 mi |
| 55436 | Minneapolis | 14,462 | $144k | 3.4 mi |
| 55422 | Minneapolis | 28,452 | $94k | 4.1 mi |
| 55427 | Minneapolis | 24,764 | $93k | 4.3 mi |
| 55343 | Hopkins | 27,102 | $83k | 4.4 mi |
| 55403 | Minneapolis | 17,601 | $61k | 3.1 mi (near) |
| 55409 | Minneapolis | 11,188 | $98k | 3.2 mi (near) |
Source: PlainZIP from the Census 2020 ZCTA boundaries (shared edges) and internal points; figures ACS 2020-2024.