Cohasset, MN · standard
ZIP Code 55721
Itasca County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 3,410
- 15/sq mi Moderate-density area
- $86,429
- Median income Above-median income area
- $302,300
- Median home value Above-median home value
- 33.8%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Cohasset pairs an above-median household income with above-median home values, in a rural, homeowner-dominated area.
- Top 30%
- household income, US ZIPs
- Top 33%
- home value, US ZIPs
- 15
- people per sq mi
- 87%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55721 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 55721 (Cohasset, MN) rose +4.1% from 2023 to 2024. The all-transactions index moved from 245.4 in 2023 to 255.4 in 2024 (2000 = 100).
ZIP code 55721 covers 227.3 square miles in Cohasset, Itasca County, Minnesota (a standard USPS delivery area), with a modest 3,410 residents on file, a density of 15 people per square mile, in the Chicago time zone.
ZIP 55721 lands in the middle-income range, with a median household income of $86,429 (5% above the average Minnesota ZIP), while per-capita income is $47,156. Unemployment is 14.8%, an important qualifier alongside the household-income figure. Housing is both higher-cost and owner-heavy: median home value is $302,300 (18% above the average Minnesota ZIP), while 86.6% of occupied homes are owner-occupied and median rent is $763.
A solid share of residents have a four-year degree: 33.8% of adults hold a bachelor's degree or higher, the median age is 40.1, and the average commute is -. No nearby ZIP peer set is available for this delivery area, so the Minnesota and national benchmarks above are the appropriate context for 55721.
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 55721
Top 5 sectors by establishment count in Cohasset, MN
Which industries have the most business establishments in ZIP 55721.
- Construction
Construction
10 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
9 establishments
- Administrative and support and waste management and remediation services
Administrative and support and waste management and remediation services
8 establishments
- Retail trade
Retail trade
6 establishments
- Wholesale trade
Wholesale trade
5 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 55721, Cohasset, 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
3,410
Population
227.3
Area (sq mi)
15
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 55721?
40.1
Median Age
50.5%
Male
49.5%
Female
0.2%
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?
$86,429
Median Household Income
+5% vs state ZIP avg
$47,156
Per Capita Income
9.2%
Poverty Rate
14.8%
Unemployment Rate
How ZIP 55721 ranks among Minnesota ZIPs
Cohasset, MN household income vs. every Minnesota ZIP code
Median household income among 864 reporting Minnesota ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$86,429 Top 34% higher than 66% of 864 Minnesota ZIPs
Each bar is a $20K-wide band; taller bars hold more Minnesota 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?
Housing stock: occupied vs vacant
1,973housing units
1,973
Total Housing Units
1,496
Occupied Units
477
Vacant Units
2.68
Avg Household Size
Occupancy Type
$302,300
Median Home Value
+18% vs state ZIP avg
$763
Median Rent
1985
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
+4.1%
YoY Change (2024)
255
HPI Index (2000 = 100)
+155%
Total Change Since 2000
Home values in ZIP 55721 have increased 4.1% over the past year (2024). Since 2000, this ZIP has seen +155% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +7.5% | 180 |
| 2021 | +6.1% | 191 |
| 2022 | +24.7% | 238 |
| 2023 | +3.0% | 245 |
| 2024 | +4.1% | 255 |
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 69 business establishments in ZIP 55721, employing approximately 701 people with a combined annual payroll of $47,097,000.
69
Businesses
701
Employees
$47.1M
Annual Payroll
11
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 10 | 14.5% |
| Professional, scientific, and technical services | 9 | 13.0% |
| Administrative and support and waste management and remediation services | 8 | 11.6% |
| Retail trade | 6 | 8.7% |
| Wholesale trade | 5 | 7.3% |
| Health care and social assistance | 5 | 7.3% |
| Other services (except public administration) | 5 | 7.3% |
| Manufacturing | 4 | 5.8% |
| Transportation and warehousing | 4 | 5.8% |
| Accommodation and food services | 4 | 5.8% |
| Utilities | 3 | 4.3% |
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 55721, 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 (3,410 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Itasca County
Related Areas
Frequently Asked Questions
What county is ZIP code 55721 in?
ZIP code 55721 (Cohasset) is located in Itasca County, Minnesota. Itasca County contains multiple ZIP codes, see the full list at /counties/itasca-mn.
What is the population of ZIP code 55721?
ZIP code 55721 in Cohasset, MN has a population of 3,410 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55721?
The median household income in ZIP 55721 is $86,429, which is 13% above the national average of $76,288.
What is the average home value in ZIP 55721?
The median home value in ZIP 55721 is $302,300, which is 9% above the national average of $278,155.
What is the demographic makeup of ZIP 55721?
The largest racial group in ZIP 55721 is White at 89.1%. Hispanic or Latino residents make up 2.3% of the population.
How many businesses are in ZIP code 55721?
ZIP code 55721 has 69 business establishments employing approximately 701 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55721?
The top industries by establishment count in ZIP 55721 are: Construction (10), Professional, scientific, and technical services (9), Administrative and support and waste management and remediation services (8). There are 11 industry sectors represented in total.
How have home values changed in ZIP code 55721?
According to the FHFA House Price Index, home values in ZIP 55721 increased by 4.1% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 155%. 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 55721?
In ZIP code 55721, 60.8% of residents aged 25+ have a high school diploma or higher, and 33.8% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What percentage of residents own vs. rent in ZIP 55721?
In ZIP code 55721, approximately 86.6% of occupied housing units are owner-occupied and 13.4% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55721?
The poverty rate in ZIP code 55721 is 9.2% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 55721's numbers, next.
- See how ZIP 55721 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Cohasset, MN ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.