Two Harbors, MN · standard
ZIP Code 55616
Lake County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 6,994
- 8/sq mi
- $76,127
- Median income
- $259,200
- Median home value
- 25.0%
- Bachelor's or higher
The verdict
Two Harbors pairs an above-median household income with above-median home values, in a rural, homeowner-dominated area.
- Top 43%
- household income, US ZIPs
- Top 41%
- home value, US ZIPs
- 8
- people per sq mi
- 80%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55616 against every reporting US ZIP.
ZIP code 55616 is classified by USPS as a standard delivery area and covers roughly 920.3 square miles in Two Harbors, Lake County, Minnesota. The area is home to 6,994 residents, producing a population density of 8 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 55616 against Minnesota and the nation.
On the economic side, the median household income for ZIP 55616 sits at $76,127 (7% below the Minnesota average), while per-capita income is $39,638. The poverty rate stands at 7.9% and the unemployment rate at 1.9%. On housing, the median home value is $259,200 (1% above the state average) with median rent at $1,096 per month, and 80.3% of occupied units are owner-occupied, a direct signal of whether 55616 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 25.0% of adults hold a bachelor's degree or higher, the median age is 44.3, and the average commute is 26 minutes. Use the benchmarks above to see where 55616 sits relative to Minnesota and the national baseline rather than viewing the numbers in isolation. 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 55616
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 55616.
- Accommodation and food services
Accommodation and food services
41 establishments
- Retail trade
Retail trade
31 establishments
- Health care and social assistance
Health care and social assistance
26 establishments
- Other services (except public administration)
Other services (except public administration)
22 establishments
- Construction
Construction
19 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, 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 55616, Two Harbors, 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
6,994
Population
920.3
Area (sq mi)
8
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 55616?
44.3
Median Age
51.5%
Male
48.5%
Female
1.0%
Foreign-Born
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?
$76,127
Median Household Income
-7% vs state
$39,638
Per Capita Income
7.9%
Poverty Rate
1.9%
Unemployment Rate
26.0 min
Mean Commute Time
How ZIP 55616 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$76,127 Top 43% higher than 57% of 30,318 US ZIPs
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?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
4,159
Total Housing Units
3,070
Occupied Units
1,089
Vacant Units
2.31
Avg Household Size
Occupancy Type
$259,200
Median Home Value
+1% vs state
$1,096
Median Rent
1967
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
+3.1%
YoY Change (2024)
258
HPI Index (2000 = 100)
+158%
Total Change Since 2000
Home values in ZIP 55616 have increased 3.1% over the past year (2024). Since 2000, this ZIP has seen +158% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +1.4% | 184 |
| 2021 | +15.9% | 213 |
| 2022 | +16.3% | 248 |
| 2023 | +0.8% | 250 |
| 2024 | +3.1% | 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 205 business establishments in ZIP 55616, employing approximately 2,374 people with a combined annual payroll of $101,802,000.
205
Businesses
2,374
Employees
$101.8M
Annual Payroll
12
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Accommodation and food services | 41 | 20.0% |
| Retail trade | 31 | 15.1% |
| Health care and social assistance | 26 | 12.7% |
| Other services (except public administration) | 22 | 10.7% |
| Construction | 19 | 9.3% |
| Administrative and support and waste management and remediation services | 16 | 7.8% |
| Manufacturing | 14 | 6.8% |
| Professional, scientific, and technical services | 8 | 3.9% |
| Finance and insurance | 7 | 3.4% |
| Real estate and rental and leasing | 5 | 2.4% |
| Arts, entertainment, and recreation | 5 | 2.4% |
| Information | 4 | 1.9% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
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Frequently Asked Questions
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ZIP Code Research Guides
Official Data Resources for Two Harbors, MN
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