ZIP code 55118

ZIP 55118 is a small city in Dakota County, Minnesota, with 29,396 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #56 of 880 ranked by population — larger than 93% of them. The median age here is 42.1 years against 39.1 nationally, a slightly older profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in ZIP 55118 earn a median of $85,229 a year, 8.5% above the national figure of $78,538. Household income here is measured before tax and pooled across everyone at the address, which is why it reads higher than typical individual earnings in the same area. Poverty reaches 7.5% of residents here, below the 12.4% national rate.

The typical owner-occupied home in ZIP 55118 is valued at $331,800, 9.4% above the national figure, while median gross rent runs $1,215 a month, 13.6% below the national figure, or roughly $14,580 across a full year. A household on the local median income would put about 17.1% 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 3.9×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 66.9% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. 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.

ZIP 55118 is tabulated inside Dakota County, Minnesota, one of 19 ZIP areas the Census publishes for that county and 880 across Minnesota. This is a mid-sized suburban ZIP inside a county that is split across many delivery areas. County assignment on this page follows the largest share of the ZIP's land area, which matters where a delivery route crosses a county line: mail addressed to 55118 can be handled by a post office in a neighbouring county even though the tabulation area is filed here.

Against its own county, 55118 reports a median household income of $85,229, 16% below the $102,026 county median, and 13% above the $75,417 typical MN ZIP. Owner-occupied homes are valued at a median of $331,800, 5% below the county figure and 50% above the statewide ZIP median. Rent is reported gross — the contract amount plus tenant-paid utilities — at $1,215 a month, which is why it reads higher than the advertised rent on a listing for the same unit.

Minnesota charges 6.875% statewide, and local governments overlapping 55118 may add county, city or special-district levies on top. We publish the state floor for this ZIP rather than guessing a combined figure, because ZIP boundaries and taxing-district boundaries were drawn for different purposes and do not line up.

Everything above comes from the Census Bureau American Community Survey 2019-2023 ACS 5-year estimates for this ZIP Code Tabulation Area, with sales tax rates traced to the state revenue agency. Five-year estimates pool sixty months of responses, so they are stable enough to compare 55118 with its neighbours but always trail the current year, and any value the Census suppressed for sample size is shown as unpublished rather than filled in with a model.