Minneapolis, MN population, income and ZIP codes

Minneapolis city is a mid-size city in Minnesota, with 426,845 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it first of 914 ranked by population. The median age here is 33 years against 39.1 nationally, a distinctly younger profile, typical of places with students, military posts or a fast-growing family population. At this size the Census also publishes one-year estimates; the five-year values used here are steadier and let you compare against smaller neighbours on the same basis.

Households in Minneapolis city earn a median of $80,269 a year, 2.2% above the national figure of $78,538 and 6% above the $75,469 median for the 361 Minnesota cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 16.4% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Minneapolis city is valued at $345,600, 13.9% above the national figure and 44% above the $240,400 peer median, while median gross rent runs $1,329 a month, 5.5% below the national figure, or roughly $15,948 across a full year. A household on the local median income would put about 19.9% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 4.3×, against roughly 3.9× nationally, so buying is harder here than in the average US market. 48% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

Median income runs above the national figure while poverty also runs above it — a split distribution, not a uniformly comfortable place. Averages hide that; the two numbers together do not.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.