ZIP 55031 vs ZIP 55040
A side-by-side comparison of ZIP Code 55031 and ZIP Code 55040: population, income, housing, and more.
ZIP 55031 and ZIP 55040 are ZIP Code areas in Minnesota. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.
ZIP 55040 has the higher population (14,451 vs 1,682 in ZIP 55031). ZIP 55031 has the higher median household income ($113,654 vs $88,576 in ZIP 55040). ZIP 55031 has the higher median home value ($393,400 vs $287,700 in ZIP 55040).
Population, income & housing
| ZIP 55031 | ZIP 55040 | |
|---|---|---|
| Population | 1,682 | 14,451 |
| Median age | 44.3 yrs | 37.5 yrs |
| Median household income | $113,654 | $88,576 |
| Median home value | $393,400 | $287,700 |
| Median gross rent | $1,156 | $1,298 |
| Housing units | 726 | 5,635 |
| Homeownership rate | 93.6% | 87.5% |
| Bachelor's degree or higher | 20.3% | 18.4% |
| Unemployment rate | 2.9% | 4.8% |
Trends (ACS 5-year, 2019–2023)
| ZIP 55031 | ZIP 55040 | |
|---|---|---|
| Population | 2,008 → 1,682 (-16.2%) | 13,180 → 14,451 (+9.6%) |
| Median household income | $106,776 → $113,654 (+6.4%) | $81,379 → $88,576 (+8.8%) |
| Median home value | $285,200 → $393,400 (+37.9%) | $198,700 → $287,700 (+44.8%) |
| Median gross rent | $965 → $1,156 (+19.8%) | $1,103 → $1,298 (+17.7%) |
ZIP 55031
2,0081,682
$106,776$113,654
$285,200$393,400
$965$1,156
ZIP 55040
13,18014,451
$81,379$88,576
$198,700$287,700
$1,103$1,298
Age & race/ethnicity
Age distribution (share)
| ZIP 55031 | ZIP 55040 | |
|---|---|---|
| Under 5 | 4.6% | 6.3% |
| 5 to 17 | 15.7% | 17.5% |
| 18 to 24 | 6.9% | 7.1% |
| 25 to 34 | 9.7% | 13.5% |
| 35 to 44 | 14.3% | 13.7% |
| 45 to 54 | 10.3% | 12.6% |
| 55 to 64 | 20.1% | 14.3% |
| 65 to 74 | 10.6% | 9.2% |
| 75 and over | 7.7% | 5.7% |
Race & ethnicity (share)
| ZIP 55031 | ZIP 55040 | |
|---|---|---|
| White (non-Hispanic) | 92.0% | 91.8% |
| Black or African American | 0.4% | 0.2% |
| American Indian & Alaska Native | 0.1% | 0.0% |
| Asian | 0.5% | 2.1% |
| Native Hawaiian & Pacific Islander | 0.0% | 0.0% |
| Some other race | 0.0% | 0.0% |
| Two or more races | 3.3% | 2.5% |
| Hispanic or Latino | 3.6% | 3.4% |
Educational attainment (age 25+)
Share of adults 25+
| ZIP 55031 | ZIP 55040 | |
|---|---|---|
| No high school diploma | 5.0% | 10.1% |
| High school graduate | 38.2% | 35.6% |
| Some college or associate's | 36.5% | 35.9% |
| Bachelor's degree | 15.6% | 13.9% |
| Graduate or professional degree | 4.7% | 4.5% |
Commute to work
How workers get to work (share)
| ZIP 55031 | ZIP 55040 | |
|---|---|---|
| Drove alone | 79.0% | 78.8% |
| Carpooled | 6.4% | 5.6% |
| Public transit | 0.0% | 0.6% |
| Walked | 1.1% | 1.4% |
| Bicycle | 0.0% | 0.0% |
| Worked from home | 13.1% | 13.1% |
| Other means | 0.4% | 0.5% |
Housing
Units in structure (share)
| ZIP 55031 | ZIP 55040 | |
|---|---|---|
| 1-unit, detached | 87.3% | 85.4% |
| 1-unit, attached | 3.6% | 4.1% |
| 2 to 4 units | 2.8% | 0.3% |
| 5 to 19 units | 5.0% | 1.3% |
| 20 or more units | 0.0% | 7.5% |
| Mobile home & other | 1.4% | 1.3% |
Poverty & households
| ZIP 55031 | ZIP 55040 | |
|---|---|---|
| Poverty rate | 4.2% | 7.3% |
| Average household size | 2.55 | 2.74 |
| Mean commute (minutes) | 27 | 33 |
| Median year structure built | 1982 | 1992 |