Lake Park, MN · standard
ZIP Code 56554
Becker County, Minnesota — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 2,709
- 9/sq mi
- $94,792
- Median income
- $376,400
- Median home value
- 38.9%
- Bachelor's or higher
The verdict
Lake Park pairs an upper-quartile household income with upper-quartile home values, in a rural, homeowner-dominated area.
- Top 23%
- household income, US ZIPs
- Top 23%
- home value, US ZIPs
- 9
- people per sq mi
- 90%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 56554 against every reporting US ZIP.
ZIP code 56554 is classified by USPS as a standard delivery area and covers roughly 304.4 square miles in Lake Park, Becker County, Minnesota. The area is home to 2,709 residents, producing a population density of 9 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 56554 against Minnesota and the nation.
On the economic side, the median household income for ZIP 56554 sits at $94,792 (15% above the Minnesota average), while per-capita income is $48,499. The poverty rate stands at 5.5% and the unemployment rate at 1.3%. On housing, the median home value is $376,400 (47% above the state average) with median rent at $888 per month, and 90.3% of occupied units are owner-occupied, a direct signal of whether 56554 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 38.9% of adults hold a bachelor's degree or higher, the median age is 47.5, and the average commute is 31 minutes. We also surface 2 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Becker County, so you can benchmark 56554 against its immediate geography rather than a national average alone. 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 56554
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 56554.
- Construction
Construction
14 establishments
- Retail trade
Retail trade
7 establishments
- Accommodation and food services
Accommodation and food services
7 establishments
- Other services (except public administration)
Other services (except public administration)
7 establishments
- Professional, scientific, and technical services 5
Professional, scientific, and technical services
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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 56554, Lake Park, 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
2,709
Population
304.4
Area (sq mi)
9
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 56554?
47.5
Median Age
49.5%
Male
50.5%
Female
0.9%
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?
$94,792
Median Household Income
+15% vs state
$48,499
Per Capita Income
5.5%
Poverty Rate
1.3%
Unemployment Rate
31.1 min
Mean Commute Time
How ZIP 56554 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$94,792 Top 23% higher than 77% 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?
1,813
Total Housing Units
1,104
Occupied Units
709
Vacant Units
2.46
Avg Household Size
Occupancy Type
$376,400
Median Home Value
+47% vs state
$888
Median Rent
1983
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What businesses operate in this ZIP?
Census Bureau data shows 59 business establishments in ZIP 56554, employing approximately 263 people with a combined annual payroll of $12,305,000.
59
Businesses
263
Employees
$12.3M
Annual Payroll
8
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 14 | 23.7% |
| Retail trade | 7 | 11.9% |
| Accommodation and food services | 7 | 11.9% |
| Other services (except public administration) | 7 | 11.9% |
| Professional, scientific, and technical services | 5 | 8.5% |
| Wholesale trade | 4 | 6.8% |
| Finance and insurance | 3 | 5.1% |
| Real estate and rental and leasing | 3 | 5.1% |
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 56554 vs 56511 →
ZIP 56554 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56554
Lake Park (56554)
2,709 residents
- 56511
Audubon (56511)
1,878 residents
- 56552 429
Hitterdal (56552)
429 residents
What this shows Among its immediate neighbors, ZIP 56554 ranks the most populous — useful context the national average alone can't give.
ZIP 56554 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56554
Lake Park (56554)
$94,792 median income
- 56511
Audubon (56511)
$89,875 median income
- 56552
Hitterdal (56552)
$51,786 median income
What this shows By household income, ZIP 56554 ranks the highest of 3 neighboring ZIPs — local affluence varies block to block, not just metro to metro.
More ZIP Codes in Becker County
Related Areas
Frequently Asked Questions
What county is ZIP code 56554 in? ▼
What is the population of ZIP code 56554? ▼
What is the median household income in ZIP 56554? ▼
What is the average home value in ZIP 56554? ▼
What is the demographic makeup of ZIP 56554? ▼
How many businesses are in ZIP code 56554? ▼
What are the main industries in ZIP code 56554? ▼
What is the education level in ZIP code 56554? ▼
What is the average commute time in ZIP 56554? ▼
What percentage of residents own vs. rent in ZIP 56554? ▼
What is the poverty rate in ZIP code 56554? ▼
ZIP Code Research Guides
Official Data Resources for Lake Park, MN
Verify and explore additional data for this area using these official government sources.
Read our methodology to see how this data is sourced, computed, and verified.