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Demographic Analysis of 55407 Zip Code: Transition to Majority-Minority Status
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The 55407 zip code in Minneapolis, Minnesota, is classified as a Majority-Minority community with Moderate Diversity as of 2022. The area has a population of 36,148 and a median income of $69,559. The white population stands at 50%, with significant representation from Hispanic (22%) and Black (19%) communities. No single racial group constitutes a majority.
Over the past decade, this zip code has undergone a transition. In 2013, it was classified as a White Plurality area, with whites making up 48% of the population. By 2022, the community shifted to a Majority-Minority status, with non-white groups collectively representing 50% of the population. The area has maintained Moderate Diversity throughout this period, with at least three racial groups having significant representation.
The Hispanic population decreased slightly from 23% in 2013 to 22% in 2022, while the Black population increased from 17% to 19%. The two-or-more races category grew from 4% in 2013 to 5% in 2022, indicating a trend towards increased diversity.
The median income in the zip code has shown significant growth, rising from $57,957 in 2013 to $69,559 in 2022, an increase of about 20%. This economic improvement coincides with the area's transition to a Majority-Minority status. The population has remained relatively stable, increasing from 35,179 in 2013 to 36,148 in 2022, a modest growth of about 2.7%.
The demographic shifts observed in this Minneapolis zip code align with broader national trends towards increased diversity in urban areas. The substantial increase in median income outpaces the national average, suggesting that this particular zip code may be experiencing more rapid economic development compared to many other urban areas in the country.
The stability in population numbers, despite economic growth, could indicate that the area is becoming more desirable or expensive. The 55407 zip code in Minneapolis represents a community in transition, moving towards greater diversity while experiencing significant economic growth. These changes reflect broader national trends but appear to be occurring at an accelerated pace.
