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Wright County · Minnesota

ZIP code 55362

Population, income, housing costs and the sales tax rate charged on purchases inside ZIP 55362 — Census 2019-2023 ACS 5-year, no modelled estimates.
Population
20,125

ZCTA residents

Median income
$92,870

Household, past 12 months

Median home
$324,400

Owner-occupied value

Sales tax
6.875%

Minnesota state rate

Quick answer

ZIP 55362 sits in Wright County, Minnesota and is home to 20,125 people. Median household income is $92,870, the median home is worth $324,400 and median gross rent is $1,458. 73.7% of households own their home, and purchases are taxed at 6.875% (Minnesota state rate).

County
Wright County

FIPS 27171

State
Minnesota (MN)

880 ZIPs covered

Area codes
Not published

No NANPA match for this ZIP

Metro area
Outside covered metros

Rate jurisdiction used for tax

The numbers for 55362

American Community Survey 2019-2023 ACS 5-year estimates for this ZCTA.

Population
20,125ZIP 55362 residents
Median household income
$92,870Past 12 months, inflation adjusted
Median home value
$324,400Owner-occupied units
Median gross rent
$1,458Rent plus utilities, monthly
Median age
35.1 yrsAll residents
Homeownership rate
73.7%Owner-occupied households

ZIP 55362 in context

How this area compares with national benchmarks.

ZIP 55362 is a mid-size town in Wright County, Minnesota, with 20,125 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #97 of 880 ranked by population — larger than 89% of them. The median age here is 35.1 years against 39.1 nationally, a slightly younger 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 55362 earn a median of $92,870 a year, 18.2% above the national figure of $78,538. 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 6.8% of residents here, below the 12.4% national rate.

The typical owner-occupied home in ZIP 55362 is valued at $324,400, 6.9% above the national figure, while median gross rent runs $1,458 a month, 3.7% above the national figure, or roughly $17,496 across a full year. A household on the local median income would put about 18.8% 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 3.5×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 73.7% 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.

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.

Reading ZIP 55362 in context

How 55362 sits inside Wright County and Minnesota.

ZIP 55362 is tabulated inside Wright County, Minnesota, one of 12 ZIP areas the Census publishes for that county and 880 across Minnesota. This is a mid-sized ZIP that covers a large share of its county's addresses. 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 55362 can be handled by a post office in a neighbouring county even though the tabulation area is filed here.

Against its own county, 55362 reports a median household income of $92,870, 6% below the $99,171 county median, and 23% above the $75,417 typical MN ZIP. Owner-occupied homes are valued at a median of $324,400, close to the county figure and 46% above the statewide ZIP median. Rent is reported gross — the contract amount plus tenant-paid utilities — at $1,458 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 55362 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 55362 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.

Sales tax in 55362

What a purchase inside this ZIP costs at checkout.

Rate applied
6.875%State base rate only
Tax on $100
$7Rounded to the dollar
Tax on $1,000
$69Before any exemptions

Minnesota levies 6.875% statewide, and counties, cities and special districts inside this ZIP can add their own local rate on top. Check the county page for the local component before you quote a price.

Affordability in this ZIP

Derived from the Census medians above — indicative, not an offer.

Rent burden
19%Median rent ÷ median income
Price-to-income
3.5×Home value ÷ household income
Est. mortgage
$1,683/mo20% down, 30-yr at 6.75%
Poverty rate
6.8%Residents below poverty line

A rent burden above 30% is the federal threshold for cost-burdened households, and a price-to-income multiple above 4× is generally considered a stretched housing market. The mortgage figure is principal and interest only — taxes, insurance and HOA dues are extra.

How 55362 compares

ZIP 55362 against the median ZIP in Wright County and across Minnesota.

MeasureZIP 55362County medianState medianvs state
Median household income$92,870$99,171$75,417+23%
Median home value$324,400$316,600$221,650+46%
Median gross rent$1,458$1,189$925+58%
Population20,1256,5061,800+1018%

Medians are computed across the 12 ZIP areas in Wright County and the 880 ZIP areas in Minnesota.

Statewide rank

Where this ZIP places among all 880 Minnesota ZIP areas.

Income

richer than 78% of 862 state ZIPs

#193
Home value

above 82% of 856 state ZIPs

#157
Population

larger than 89% of 880 state ZIPs

#97

Comparable ZIP codes

Minnesota ZIP areas with almost the same household income.

ZIPCountyIncomeHome valueRent
55027Goodhue County$92,857$290,400$941
56239Lyon County$92,857$179,900$936
56044Sibley County$92,917$281,800$964
56368Stearns County$92,963$309,500$822
55923Fillmore County$93,446$251,100$709
55388Carver County$92,273$333,100$998

Nearby ZIP codes

Other ZIP codes filed under Wright County.

Adjacent ZIP Codes

Other ZIP codes in Wright County, Minnesota.

ZIP 55362 questions

Common questions about this ZIP code.

Where is ZIP code 55362?
ZIP 55362 lies mostly in Wright County, Minnesota. County assignment follows the largest share of land area, so a ZIP straddling a county line is filed under its dominant county.
What sales tax do I pay in 55362?
Minnesota charges 6.875% statewide, plus any county, city or district rate that applies locally.
Is 55362 expensive to live in?
Median rent runs $1,458 a month, about 19% of median household income, and the median home is worth $324,400 — +46% against the typical Minnesota ZIP.
Is a ZCTA the same as a postal ZIP code?
Not exactly. The Census builds ZIP Code Tabulation Areas from the ZIP codes of addresses inside each census block, so a ZCTA can differ slightly from the USPS delivery route of the same number, and PO-box-only ZIPs have no ZCTA at all.

Related pages for this area.

Sources & transparency

Every figure on this page is a published estimate for ZIP Code Tabulation Area 55362, except the affordability ratios and mortgage estimate, which we derive from those medians and label as estimates.

Last reviewed December 2024. Figures are published for reference and can change; verify with the source agency before filing or contracting. How we build and check this data.