55706 Zip Code

April 24, 2024

Zip Code:	55706
City/Town:	Babbitt
State:	Minnesota

Population:	1,825
Per Capita Income:	$23,986
Mean Household Income:	$48,875

Total Housing Units:	864
Median Home Value:	$46,600
Median Year Homes Built:	1958

Land Area:	61.5 sq miles 159.3 sq kilometers
Water Area:	11.3 sq miles 29.2 sq kilometers

Population Information (55706 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

1,825

Male:

893

48.9%

49.2%

Female:

932

51.1%

50.8%

Median Age:

52.4 yrs

37.2 yrs

Under 5 years:

4.3%

6.5%

5 to 9 years:

5.5%

6.6%

10 to 19 years:

182

10.0%

13.8%

20 to 29 years:

116

6.4%

13.8%

30 to 39 years:

149

8.2%

13.0%

40 to 49 years:

251

13.8%

14.2%

50 to 59 years:

279

15.3%

13.6%

60 to 69 years:

258

14.1%

9.4%

70 to 79 years:

285

15.6%

5.4%

80 years and over:

157

8.6%

3.7%

Housing Information (55706 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$46,600

$119,600

Median year homes build:

1958

1971

Median real estate taxes:

$216 / yr.

$1,334 / yr.

Median rent:

$286 / mo.

$519 / mo.

Total households:

864

Family households:

551

63.8%

66.4%

Nonfamily households:

313

36.2%

33.6%

Households with individuals under 18 years:

170

19.7%

33.4%

Households with individuals 65 years and over:

396

45.8%

24.9%

Average household size:

2.1

Average family size:

2.6

Total housing units:

1,198

Occupied housing units:

864

72.1%

88.6%

Vacant housing units:

334

27.9%

11.4%

For rent:

0.5%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

3.1%

1.4%

Sold, not occupied:

0.4%

0.3%

For seasonal, recreational, or occasional use:

233

19.4%

3.5%

All other vacants:

4.3%

2.8%

Homeowner vacancy rate:

4.7%

2.4%

Rental vacancy rate:

4.9%

9.2%

Owner-occupied housing units:

749

Population in owner-occupied housing units:

1,571

Average household size of owner-occupied units:

2.1

2.65

Renter-occupied housing units:

115

Population in renter-occupied housing units:

243

Average household size of renter-occupied units:

2.1

2.44

Educational Attainment (55706 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

1,574

Less than 9th grade:

106

6.7%

6.2%

9th to 12th grade, no diploma:

167

10.6%

8.7%

High school graduate (includes equivalency):

598

38.0%

29.0%

Some college, no degree:

392

24.9%

20.6%

Associate degree:

142

9.0%

7.5%

Bachelor's degree:

6.3%

17.6%

Graduate or professional degree:

4.4%

10.3%

Percent high school graduate or higher:

82.7%

85.0%

Percent bachelor's degree or higher:

10.7%

27.9%

Income Information (55706 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:

833

45.6%

50.4%

Median income:

$27,074 / yr.

$27,932 / yr.

Full-time, year-round workers:

312

17.1%

59.7%

Median income:

$41,250 / yr.

$38,349 / yr.

Females 15 years and over with income:

772

42.3%

49.6%

Median income:

$9,911 / yr.

$16,327 / yr.

Full-time, year-round workers:

114

6.2%

40.3%

Median income:

$27,750 / yr.

$28,135 / yr.

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