ZIP Code 55402 — Minneapolis city, MN Demographics & Data

ZIP code 55402 covers Minneapolis, MN in Hennepin County with a population of about 760.

At a glance, the area shows median age of 29.7 versus a U.S. median of about 38.9.

It sits in telephone area code 612; U.S. House district MN-5; the MINNEAPOLIS - ST. PAUL media market.

Minneapolis, MN sits in a university / college context (near capella university (0.1 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 55402 is about $69,808 — about 7% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 18.8%; unemployment rate near 0.0%; 59.7% of adults with a bachelor’s degree or higher (about 26.0 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Food services, Finance and insurance, and Professional services; about 20.4% of workers reporting work-from-home (about 5.2 points above the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Housing tenure and rents show median gross rent around $1,650 (about 42% above the U.S. median rent ($1,163)), and owner-occupancy near 0.0% (about 65.4 points below the national owner-occupancy rate (65.4%)).

FEMA’s National Risk Index rates natural-hazard risk for Minneapolis city, MN as Relatively High (composite score 98.3), which is among the highest nationally. The strongest component scores on US5 are flood (98.0) and wildfire (74.9). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Minneapolis city, MN show little to no average snow and around 34.4 inches of annual precipitation.

IRS migration statistics show a net inflow of about 54 for ZIP 55402 (Minneapolis city, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.