55340 Zip Code

April 25, 2024

Zip Code:	55340
City/Town:	Medina
State:	Minnesota

Population:	6,327
Per Capita Income:	$46,577
Mean Household Income:	$137,910

Total Housing Units:	2,162
Median Home Value:	$208,900
Median Year Homes Built:	1978

Land Area:	36.1 sq miles 93.6 sq kilometers
Water Area:	0.7 sq miles 1.7 sq kilometers

Population Information (55340 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

6,327

Male:

3,213

50.8%

49.2%

Female:

3,114

49.2%

50.8%

Median Age:

42.6 yrs

37.2 yrs

Under 5 years:

313

4.9%

6.5%

5 to 9 years:

521

8.5%

6.6%

10 to 19 years:

1,157

18.3%

13.8%

20 to 29 years:

438

6.9%

13.8%

30 to 39 years:

495

7.8%

13.0%

40 to 49 years:

1,258

19.9%

14.2%

50 to 59 years:

1,164

18.4%

13.6%

60 to 69 years:

585

9.2%

9.4%

70 to 79 years:

271

4.3%

5.4%

80 years and over:

125

2.0%

3.7%

Housing Information (55340 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$208,900

$119,600

Median year homes build:

1978

1971

Median real estate taxes:

$2,544 / yr.

$1,334 / yr.

Median rent:

$663 / mo.

$519 / mo.

Total households:

2,162

Family households:

1,766

81.7%

66.4%

Nonfamily households:

396

18.3%

33.6%

Households with individuals under 18 years:

864

40.0%

33.4%

Households with individuals 65 years and over:

432

20.0%

24.9%

Average household size:

2.9

Average family size:

3.3

Total housing units:

2,236

Occupied housing units:

2,162

96.7%

88.6%

Vacant housing units:

3.3%

11.4%

For rent:

0.3%

3.1%

Rented, not occupied:

0.0%

0.2%

For sale only:

1.4%

Sold, not occupied:

0.1%

0.3%

For seasonal, recreational, or occasional use:

0.6%

3.5%

All other vacants:

0.8%

2.8%

Homeowner vacancy rate:

1.5%

2.4%

Rental vacancy rate:

3.3%

9.2%

Owner-occupied housing units:

1,988

Population in owner-occupied housing units:

5,870

Average household size of owner-occupied units:

3.0

2.65

Renter-occupied housing units:

174

Population in renter-occupied housing units:

457

Average household size of renter-occupied units:

2.6

2.44

Educational Attainment (55340 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

3,553

Less than 9th grade:

2.2%

6.2%

9th to 12th grade, no diploma:

101

2.8%

8.7%

High school graduate (includes equivalency):

978

27.5%

29.0%

Some college, no degree:

908

25.6%

20.6%

Associate degree:

318

9.0%

7.5%

Bachelor's degree:

807

22.7%

17.6%

Graduate or professional degree:

364

10.2%

10.3%

Percent high school graduate or higher:

95.0%

85.0%

Percent bachelor's degree or higher:

33.0%

27.9%

Income Information (55340 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:

2,050

32.4%

50.4%

Median income:

$44,082 / yr.

$27,932 / yr.

Full-time, year-round workers:

1,484

23.5%

59.7%

Median income:

$51,281 / yr.

$38,349 / yr.

Females 15 years and over with income:

1,881

29.7%

49.6%

Median income:

$24,961 / yr.

$16,327 / yr.

Full-time, year-round workers:

877

13.9%

40.3%

Median income:

$34,972 / yr.

$28,135 / yr.

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