Graceville, MN · standard
ZIP Code 56240
Big Stone County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 1,042
- 3/sq mi Low-density area
- $76,500
- Median income Near-median income area
- $153,400
- Median home value Below-median home value
- 16.0%
- Bachelor's or higher Below-average bachelor's attainment
National ZIP placement
Graceville pairs an above-median household income with below-median home values, in a rural, homeowner-dominated area.
- Top 43%
- household income, US ZIPs
- 27th pct
- home value, US ZIPs
- 3
- people per sq mi
- 66%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 56240 against every reporting US ZIP.
ZIP code 56240 is a sparsely populated ZIP (a standard USPS delivery area) in Graceville, Big Stone County, Minnesota, home to just 1,042 residents across 385.9 square miles, a density of 3 people per square mile, in the Chicago time zone.
ZIP 56240 lands in the middle-income range, with a median household income of $76,500 (7% below the average Minnesota ZIP), while per-capita income is $44,764. The poverty rate is 17.3%, with unemployment at 2.8%; those measures add context to the income figure. Home values sit below the statewide ZIP benchmark: the median is $153,400 (40% below the average Minnesota ZIP), and median rent is $739; owner occupancy is 65.8%.
Educational attainment sits below the national norm: 16.0% of adults hold a bachelor's degree or higher, the median age is 48.8, and the average commute is -. The page also surfaces 3 ZIP codes within roughly 10 miles and 6 more in Big Stone County, so 56240 can be compared with both its immediate and county-level context.
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 56240
Top 5 sectors by establishment count in Graceville, MN
Which industries have the most business establishments in ZIP 56240.
- Construction
Construction
5 establishments
- Health care and social assistance
Health care and social assistance
5 establishments
- Other services (except public administration)
Other services (except public administration)
4 establishments
- Retail trade
Retail trade
3 establishments
- Finance and insurance
Finance and insurance
3 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 56240, Graceville, 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
1,042
Population
385.9
Area (sq mi)
3
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 56240?
48.8
Median Age
47.6%
Male
52.4%
Female
0.0%
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?
$76,500
Median Household Income
-7% vs state ZIP avg
$44,764
Per Capita Income
17.3%
Poverty Rate
2.8%
Unemployment Rate
How ZIP 56240 ranks among Minnesota ZIPs
Graceville, 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)
$76,500 48th percentile higher than 48% 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
422housing units
422
Total Housing Units
348
Occupied Units
74
Vacant Units
2.18
Avg Household Size
Occupancy Type
$153,400
Median Home Value
-40% vs state ZIP avg
$739
Median Rent
1971
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What businesses operate in this ZIP?
Census Bureau data shows 27 business establishments in ZIP 56240, employing approximately 231 people with a combined annual payroll of $11,246,000.
27
Businesses
231
Employees
$11.2M
Annual Payroll
5
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 5 | 18.5% |
| Health care and social assistance | 5 | 18.5% |
| Other services (except public administration) | 4 | 14.8% |
| Retail trade | 3 | 11.1% |
| Finance and insurance | 3 | 11.1% |
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 56240 vs 56210 →
ZIP 56240 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56240
Graceville (56240)
1,042 residents
- 56225
Clinton (56225)
834 residents
- 56236 359
Dumont (56236)
359 residents
- 56210 13
Barry (56210)
13 residents
What this shows Among its immediate neighbors, ZIP 56240 ranks the most populous - useful context the national average alone can't give.
ZIP 56240 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56225
Clinton (56225)
$95,978 median income
- 56210
Barry (56210)
$83,750 median income
- 56236
Dumont (56236)
$79,750 median income
- 56240
Graceville (56240)
$76,500 median income
What this shows By household income, ZIP 56240 ranks #4 of 4 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 56240, 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 (1,042 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Big Stone County
Related Areas
Frequently Asked Questions
What county is ZIP code 56240 in?
ZIP code 56240 (Graceville) is located in Big Stone County, Minnesota. Big Stone County contains multiple ZIP codes, see the full list at /counties/big-stone-mn.
What is the population of ZIP code 56240?
ZIP code 56240 in Graceville, MN has a population of 1,042 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 56240?
The median household income in ZIP 56240 is $76,500, which is 0% above the national average of $76,288.
What is the average home value in ZIP 56240?
The median home value in ZIP 56240 is $153,400, which is 45% below the national average of $278,155.
What is the demographic makeup of ZIP 56240?
The largest racial group in ZIP 56240 is White at 94.7%. Hispanic or Latino residents make up 0.5% of the population.
How many businesses are in ZIP code 56240?
ZIP code 56240 has 27 business establishments employing approximately 231 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 56240?
The top industries by establishment count in ZIP 56240 are: Construction (5), Health care and social assistance (5), Other services (except public administration) (4). There are 5 industry sectors represented in total.
What is the education level in ZIP code 56240?
In ZIP code 56240, 50.9% of residents aged 25+ have a high school diploma or higher, and 16.0% 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 56240?
In ZIP code 56240, approximately 65.8% of occupied housing units are owner-occupied and 34.2% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 56240?
The poverty rate in ZIP code 56240 is 17.3% 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 56240's numbers, next.
- See how ZIP 56240 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Graceville, MN ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.