Minneapolis, MN
55403
Hennepin County County · Minnesota · Pop. 28,340
Last updated: May 2026
Minneapolis, Minnesota (ZIP code 55403) is home to approximately 28,340 residents. The median household income in 55403 is $71,337, which is 1% above the national average of $70,784. The cost of living in 55403 is reflected in its housing market - the median home value is $268,878 and the average rent is $1,246/month. 55403 has a violent crime rate of 280.0 per 100,000 residents, which is 26% below the national average - earning it a safety grade of A+. 55403 is served by with an average school rating of 7.1/10. Air quality in 55403 is rated Good with an average AQI of 34.9. The average commute time in 55403 is 23 minutes, 4 minutes below the national average. Compare 55403 vs national averages and nearby neighborhoods using our free ZipScore intelligence platform.
On This Page
👥 Demographics
Race & Ethnicity
💰 Income & Economy
Affordability Assessment: Renters in this area spend approximately 21% of their income on rent, which is considered very affordable. Home prices are moderately affordable at 3.8x the median income.
🏠 Housing
🔒 Safety & Crime
Minneapolis (55403) has lower-than-average violent crime rates - 26% below the national average - making it a relatively safe place to live.
🎓 Schools & Education
Top Schools in 55403
| School | Type | Rating | Students |
|---|---|---|---|
| Riverside Elementary | public | 8/10 | 907 |
| Minneapolis Elementary School | public | 8/10 | 614 |
| Minneapolis Middle School | public | 8/10 | 856 |
| Minneapolis High School | public | 8/10 | 576 |
🌡️ Climate & Weather
🌫️ Air Quality
⚠️ Natural Disaster Risk
🚗 Commute
Nearby ZIP Codes
Compare 55403 With Another ZIP
Pros and Cons of Living in Minneapolis, MN (55403)
Based on crime, housing, income, schools, and air quality data
✅ Pros
- + Low crime rate - violent crime is 26% below the national average
- + Good air quality - average AQI of 34.9 (rated "Good" by EPA standards)
- + Strong schools - average school rating 7.1/10
- + Low natural disaster risk - minimal risk of flooding, earthquakes, and severe weather
⚠️ Cons
No significant concerns identified based on available data.
Data sourced from US Census Bureau, FBI Crime Statistics, and EPA. Individual experiences may vary.
Frequently Asked Questions about ZIP Code 55403
What is the population of 55403? ▼
The population of ZIP code 55403 in Minneapolis, Minnesota is approximately 28,340 people.
Is 55403 safe to live in? ▼
Minneapolis (55403) has lower-than-average violent crime rates - 26% below the national average - making it a relatively safe place to live. Safety Grade: A+.
What is the median income in 55403? ▼
The median household income in 55403 (Minneapolis, Minnesota) is $71,337. The per capita income is $46,369. The US national median household income is $70,784.
What is the cost of living in 55403? ▼
Renters in this area spend approximately 21% of their income on rent, which is considered very affordable. Home prices are moderately affordable at 3.8x the median income. Median home value: $268,878. Average rent: $1,246/month.
What are schools like in 55403? ▼
Schools in 55403 receive an Education Grade of C+. There are 4 schools with an average rating of 7.1/10 and a student-teacher ratio of 21:1. See the full schools section above for individual school listings.
What is the crime rate in 55403? ▼
The violent crime rate in 55403 is 280.0 per 100,000 residents, which is below the national average of 380.7. Property crime rate: 1731.0 per 100k (national avg: 1,958.2).
What is the average rent in 55403? ▼
The median monthly rent in 55403 (Minneapolis, Minnesota) is $1,246/month. The national median rent is $1,163/month.
What is the median home value in 55403? ▼
The median home value in 55403 (Minneapolis, Minnesota) is $268,878. The national median home value is $303,400. Homes in this ZIP code are more affordable than the national average.
Is 55403 a good place to live? ▼
55403 (Minneapolis, Minnesota) has a ZipScore of 68/100 - our composite score based on safety (25%), affordability (20%), schools (15%), air quality (10%), climate (10%), commute (10%), and disaster risk (10%). This is a good neighborhood with solid fundamentals.
What is the air quality in 55403? ▼
The average Air Quality Index (AQI) in 55403 is 34.9 - rated Good by EPA standards. Average PM2.5 level: 7 µg/m³.
Data sourced from U.S. Census Bureau (ACS), FBI Uniform Crime Report, EPA AirNow, FEMA National Risk Index, and Open-Meteo. Last updated: May 2026