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
National ZIP placement
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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 55616 (Two Harbors, MN) rose +3.1% from 2023 to 2024. The all-transactions index moved from 249.9 in 2023 to 257.7 in 2024 (2000 = 100).
ZIP code 55616 is a mid-sized community (a standard USPS delivery area) in Two Harbors, Lake County, Minnesota, home to 6,994 residents across 920.3 square miles, a density of 8 people per square mile, in the Chicago time zone.
ZIP 55616 lands in the middle-income range, with a median household income of $76,127 (7% below the average Minnesota ZIP), while per-capita income is $39,638. Both reported hardship measures are comparatively low in absolute terms: poverty is 7.9% and unemployment is 1.9%. Median home value is $259,200 (1% above the average Minnesota ZIP) and median rent is $1,096; 80.3% of occupied homes are owner-occupied.
Educational attainment sits below the national norm: 25.0% of adults hold a bachelor's degree or higher, the median age is 44.3, and the average commute is 26 minutes. No nearby ZIP peer set is available for this delivery area, so the Minnesota and national benchmarks above are the appropriate context for 55616.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 55616
Top 5 sectors by establishment count in Two Harbors, MN
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 + FHFA HPI ACS demographics and median rent, ZBP business establishments, 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; 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 ZIP avg
$39,638
Per Capita Income
7.9%
Poverty Rate
1.9%
Unemployment Rate
26.0 min
Mean Commute Time
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?
Housing stock: occupied vs vacant
4,159housing units
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 ZIP avg
$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.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 55616, both outside MN so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (6,994 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.