55057 Zip Code

April 20, 2024

Zip Code:	55057
City/Town:	Waterford
State:	Minnesota

Population:	24,602
Per Capita Income:	$24,288
Mean Household Income:	$74,046

Total Housing Units:	7,948
Median Home Value:	$150,500
Median Year Homes Built:	1975

Land Area:	125.0 sq miles 323.6 sq kilometers
Water Area:	2.6 sq miles 6.7 sq kilometers

Population Information (55057 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

24,602

Male:

11,841

48.1%

49.2%

Female:

12,761

51.9%

50.8%

Median Age:

30.5 yrs

37.2 yrs

Under 5 years:

1,270

5.2%

6.5%

5 to 9 years:

1,431

12.7%

6.6%

10 to 19 years:

4,560

18.5%

13.8%

20 to 29 years:

4,915

20.0%

13.8%

30 to 39 years:

2,365

9.6%

13.0%

40 to 49 years:

2,920

11.9%

14.2%

50 to 59 years:

3,010

12.2%

13.6%

60 to 69 years:

1,899

7.7%

9.4%

70 to 79 years:

1,231

5.0%

5.4%

80 years and over:

1,001

4.1%

3.7%

Housing Information (55057 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$150,500

$119,600

Median year homes build:

1975

1971

Median real estate taxes:

$1,670 / yr.

$1,334 / yr.

Median rent:

$499 / mo.

$519 / mo.

Total households:

7,948

Family households:

5,312

66.8%

66.4%

Nonfamily households:

2,636

33.2%

33.6%

Households with individuals under 18 years:

2,641

33.2%

33.4%

Households with individuals 65 years and over:

2,049

25.8%

24.9%

Average household size:

2.5

Average family size:

3.0

Total housing units:

8,572

Occupied housing units:

7,948

92.7%

88.6%

Vacant housing units:

624

7.3%

11.4%

For rent:

278

3.2%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

161

1.9%

1.4%

Sold, not occupied:

0.3%

For seasonal, recreational, or occasional use:

0.7%

3.5%

All other vacants:

0.9%

2.8%

Homeowner vacancy rate:

2.7%

2.4%

Rental vacancy rate:

11.6%

9.2%

Owner-occupied housing units:

5,838

Population in owner-occupied housing units:

15,461

Average household size of owner-occupied units:

2.7

2.65

Renter-occupied housing units:

2,110

Population in renter-occupied housing units:

4,434

Average household size of renter-occupied units:

2.1

2.44

Educational Attainment (55057 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

11,310

Less than 9th grade:

508

4.5%

6.2%

9th to 12th grade, no diploma:

753

6.7%

8.7%

High school graduate (includes equivalency):

2,647

23.4%

29.0%

Some college, no degree:

2,203

19.5%

20.6%

Associate degree:

696

6.2%

7.5%

Bachelor's degree:

2,607

23.1%

17.6%

Graduate or professional degree:

1,896

16.8%

10.3%

Percent high school graduate or higher:

88.9%

85.0%

Percent bachelor's degree or higher:

39.8%

27.9%

Income Information (55057 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

8,239

33.5%

50.4%

Median income:

$27,010 / yr.

$27,932 / yr.

Full-time, year-round workers:

3,720

15.1%

59.7%

Median income:

$42,443 / yr.

$38,349 / yr.

Females 15 years and over with income:

8,589

34.9%

49.6%

Median income:

$10,872 / yr.

$16,327 / yr.

Full-time, year-round workers:

2,154

8.8%

40.3%

Median income:

$30,071 / yr.

$28,135 / yr.

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