Minneapolis, MN
55408
Hennepin County County · Minnesota · Pop. 31,420
Last updated: May 2026
Minneapolis, Minnesota (ZIP code 55408) is home to approximately 31,420 residents. The median household income in 55408 is $74,013, which is 5% above the national average of $70,784. The cost of living in 55408 is reflected in its housing market - the median home value is $357,891 and the average rent is $1,125/month. 55408 has a violent crime rate of 294.0 per 100,000 residents, which is 23% below the national average - earning it a safety grade of A+. 55408 is served by with an average school rating of 6.0/10. Air quality in 55408 is rated Good with an average AQI of 41.1. The average commute time in 55408 is 28 minutes, 0 minutes above the national average. Compare 55408 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 18% of their income on rent, which is considered very affordable. Home prices are moderately affordable at 4.8x the median income.
🏠 Housing
🔒 Safety & Crime
Minneapolis (55408) has lower-than-average violent crime rates - 23% below the national average - making it a relatively safe place to live.
🎓 Schools & Education
Top Schools in 55408
| School | Type | Rating | Students |
|---|---|---|---|
| St. Mary's School of Minneapolis | public | 7/10 | 447 |
| Minneapolis Charter School | public | 6/10 | 735 |
🌡️ Climate & Weather
🌫️ Air Quality
⚠️ Natural Disaster Risk
🚗 Commute
Nearby ZIP Codes
Compare 55408 With Another ZIP
Pros and Cons of Living in Minneapolis, MN (55408)
Based on crime, housing, income, schools, and air quality data
✅ Pros
- + Low crime rate - violent crime is 23% below the national average
- + Good air quality - average AQI of 41.1 (rated "Good" by EPA standards)
- + 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 55408
What is the population of 55408? ▼
The population of ZIP code 55408 in Minneapolis, Minnesota is approximately 31,420 people.
Is 55408 safe to live in? ▼
Minneapolis (55408) has lower-than-average violent crime rates - 23% below the national average - making it a relatively safe place to live. Safety Grade: A+.
What is the median income in 55408? ▼
The median household income in 55408 (Minneapolis, Minnesota) is $74,013. The per capita income is $48,108. The US national median household income is $70,784.
What is the cost of living in 55408? ▼
Renters in this area spend approximately 18% of their income on rent, which is considered very affordable. Home prices are moderately affordable at 4.8x the median income. Median home value: $357,891. Average rent: $1,125/month.
What are schools like in 55408? ▼
Schools in 55408 receive an Education Grade of C. There are 2 schools with an average rating of 6.0/10 and a student-teacher ratio of 19:1. See the full schools section above for individual school listings.
What is the crime rate in 55408? ▼
The violent crime rate in 55408 is 294.0 per 100,000 residents, which is below the national average of 380.7. Property crime rate: 1849.0 per 100k (national avg: 1,958.2).
What is the average rent in 55408? ▼
The median monthly rent in 55408 (Minneapolis, Minnesota) is $1,125/month. The national median rent is $1,163/month. This ZIP code is more affordable than the national average for renters.
What is the median home value in 55408? ▼
The median home value in 55408 (Minneapolis, Minnesota) is $357,891. The national median home value is $303,400.
Is 55408 a good place to live? ▼
55408 (Minneapolis, Minnesota) has a ZipScore of 63/100 - 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 55408? ▼
The average Air Quality Index (AQI) in 55408 is 41.1 - rated Good by EPA standards. Average PM2.5 level: 5.8 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