Zip Code 55416
Minneapolis, Minnesota — Hennepin County
📍 ZIP code 55416 is in Minneapolis, Hennepin County, Minnesota.
ZIP code 55416 is located in Minneapolis, Hennepin County, Minnesota. It is a zip code in the Central (CST/CDT) Time Zone with an estimated population of 34,905. The area code for ZIP code 55416 is 612.
Quick Answer
Zip code 55416 is in Minneapolis, Minnesota (Hennepin County). It has a population of 34,905, median household income of $105,926, and median home value of $457,300.
Population
34,905
Income
$105,926
Home Value
$457,300
Climate
82°F / 7°F
About Zip Code 55416
Zip code 55416 is located in Minneapolis, Minnesota, within Hennepin County. Home to approximately 34,905 residents, this area sits at an elevation of 892 ft and falls within the Central (CST/CDT) timezone. The local area code is 612.
The median household income is $105,926 per year, which is above the national median of $70,784. Homes in this zip code have a median value of $457,300, and the cost of living index is 146 (46% above the national average of 100).
Summers average a high of 82°F while winters drop to 7°F. The area receives about 35 in of rain and 54 in of snow annually. The zip code covers 7.3 square miles of land area and 1 square miles of water.
Key Statistics
34,905
$105,926
$457,300
Central (CST/CDT)
612
892 ft
7.3 sq mi
35.8
19,197
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Compare With Nearby Zip Codes
| Metric | 55416 | 55426 | 55408 | 55405 | 55410 | 55403 |
|---|---|---|---|---|---|---|
| City | Minneapolis, MN | Minneapolis, MN | Minneapolis, MN | Minneapolis, MN | Minneapolis, MN | Minneapolis, MN |
| Population | 34,905 | 25,451 | 32,534 | 16,915 | 20,361 | 17,354 |
| Median Income | $105,926 | $96,887 | $72,421 | $70,425 | $144,973 | $59,928 |
| Home Value | $457,300 | $345,000 | $387,500 | $450,200 | $597,400 | $285,200 |
| Cost of Living | 146 | 120 | 117 | 130 | 201 | 94 |
| Median Age | 35.8 | 36.8 | 30.1 | 31.4 | 40.4 | 34.3 |
Cost of Living
100 = National Average. Minneapolis's cost of living is 46% above the national average.
vs. State Avg
Above
Affordability
Expensive
Income-to-Home
4.3x
Demographics
Zip code 55416 has a population of 34,905 people with a median age of 35.8. There are 19,197 housing units in this area.
Racial & Ethnic Composition
Source: U.S. Census Bureau American Community Survey estimates.
Population History
Minneapolis (55416) population trend from 2010 to 2024
↑ 70.8%Source: U.S. Census Bureau estimates and American Community Survey data.
Climate & Weather
82°F
7°F
35 in
54 in
Minneapolis experiences warm summers with average highs around 82°F. Winters are cold with lows averaging 7°F. With 54 in of annual snowfall, residents should be prepared for significant winter weather.
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Housing & Economy
Median Home Value
$457,300
Median Household Income
$105,926
With 19,197 housing units across 7.3 square miles, 55416 has a housing density of 2,630 units per square mile. The home price-to-income ratio is 4.3x.
Location & Geography
Latitude
44.9502°
Longitude
-93.3363°
Land Area
7.3 sq mi
Water Area
1 sq mi
Nearby Zip Codes
Zip codes closest to 55416 (Minneapolis, MN) with distances:
All Zip Codes in Minneapolis, MN
Other zip codes serving Minneapolis:
Related Cities in Minnesota
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ZIP Codes with Similar Income Nationwide
The five U.S. ZIP codes whose median household income is closest to 55416's $105,926. A way to compare Minneapolis to economically similar communities elsewhere in the country.
Computed from U.S. Census Bureau ACS 5-Year Estimates by the Zip Code Near Me Data Team.
ZIP Codes with Similar Demographics
The five U.S. ZIP codes whose racial and ethnic composition most closely matches 55416 (Minneapolis, MN). Similarity is measured by cosine distance on the five-category ACS demographic vector.
Computed from U.S. Census Bureau ACS 5-Year Estimates by the Zip Code Near Me Data Team.
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People Also Ask
What zip code is Minneapolis, Minnesota?
Minneapolis, Minnesota uses zip code 55416 along with 12 other zip codes.
What county is zip code 55416 in?
Zip code 55416 is located in Hennepin County, Minnesota.
What is the population of zip code 55416?
The population of zip code 55416 is 34,905 with a median age of 35.8.
Is 55416 in Minneapolis, Minnesota?
Yes, zip code 55416 is in Minneapolis, Hennepin County, Minnesota. The area code is 612.
Frequently Asked Questions
What city is zip code 55416 in?
Zip code 55416 is in Minneapolis, Minnesota. It is part of Hennepin County and uses the Central (CST/CDT) timezone.
What is zip code 55416?
Zip code 55416 is a U.S. postal code in Minneapolis, Minnesota (Hennepin County). It has a population of 34,905 and covers 7.3 square miles.
What is the population of zip code 55416?
The population of zip code 55416 (Minneapolis, MN) is 34,905 with a median age of 35.8. There are approximately 19,197 housing units in this area.
What is the median income in zip code 55416?
The median household income in zip code 55416 (Minneapolis, MN) is $105,926 per year. The cost of living index is 146 (100 = national average).
What is the average home price in zip code 55416?
The median home value in zip code 55416 (Minneapolis, MN) is $457,300. The cost of living index is 146 compared to the national average of 100.
What county is zip code 55416 in?
Zip code 55416 is located in Hennepin County, Minnesota. The primary city is Minneapolis.
What is the area code for zip code 55416?
Zip code 55416 in Minneapolis, MN uses area code 612. It is located in the Central (CST/CDT) timezone.
Is zip code 55416 a good place to live?
Zip code 55416 (Minneapolis, MN) has a cost of living index of 146 (100 = national average), a median household income of $105,926, and median home values of $457,300. The median age is 35.8. Visit the full page for demographics, climate, and nearby zip code comparisons.
What is the cost of living in zip code 55416?
The cost of living index for zip code 55416 (Minneapolis, MN) is 146, where 100 represents the national average. This area is above the national average. Median home value: $457,300.
What schools serve zip code 55416?
Zip code 55416 in Minneapolis, Minnesota is served by the local school district of Hennepin County. For specific school information, check your state's department of education or GreatSchools.org.
All demographic data on this page is sourced from the U.S. Census Bureau American Community Survey (ACS) 5-Year Estimates. ZIP code boundary and delivery data is sourced from the United States Postal Service (USPS). Data is updated periodically and may not reflect the most current figures. Census Bureau ZIP Code Tabulation Areas (ZCTAs) may differ slightly from USPS ZIP code boundaries.
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Data Sources
- Population, income, housing, age, and demographics
- U.S. Census Bureau, American Community Survey 5-Year Estimates, 2019-2023 vintage.
- ZIP to city and county mapping
- USPS and HUD-USPS ZIP-County Crosswalk.
- Time zones and area codes
- IANA tz database and NANPA.
- Elevation
- U.S. Geological Survey National Elevation Dataset (NED), via the USGS Elevation Point Query Service. Mapped to each ZCTA centroid coordinates. Last refreshed 2026-05-19.
- Last refreshed
- 2026-05-18.