| ZIP Code | 55041 |
|---|---|
| City | Lake City |
| State | Minnesota (MN) |
| County | Wabasha County |
| Area Code | 651 |
| Elevation | 1,069 ft |
| Latitude | 44.392813 |
|---|---|
| Longitude | -92.333885 |
| Timezone | Chicago (DST) |
| FIPS | 27157 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 49.7 yrs |
|---|---|
| Avg Household Size | 2.25 |
| Below Poverty | 5.7% ▼ 43% below avg |
| College Grads | 46.5% ▲ 20% above avg |
| Unemployment | 0.8% ▼ 84% below avg |
| No HS Diploma | 11 (0.2%) |
| HS Graduate | 1,645 (30.7%) |
| Some College | 432 (8.1%) |
| Associates | 782 (14.6%) |
| Bachelors | 845 (15.8%) |
| Graduate Degree | 1,645 (30.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $83,673 ▲ 10% above avg ↑ 29% since 2019 |
|---|---|
| Median Home Value | $265,300 ≈ Avg ↑ 26% since 2019 |
| Home/Income Ratio | 3.2x (nat avg ~3.5x) |
| Median Rent | $992/mo ↑ 15% since 2019 |
| Total Units | 3,825 |
| Vacant Units | 545 |
| Avg HH Size | 2.25 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 3,825 |
|---|---|
| Vacant | 545 |
| Owner Occupied | 82.5% |
| Renter Occupied | 17.5% |
| Avg HH Size | 2.25 |
ZIP code 55041 is located in Lake City, Minnesota, within Wabasha County. With a population of 7,532, this is a lightly populated ZIP code with a mature community — the median age is 49.7 years. Economically, 55041 is a middle-income ZIP code: the median household income of $83,673 is near the national average.
Real estate in ZIP code 55041 represents a mid-range housing market. The median home value of $265,300 is near the national average. Renters can expect to pay around $992 per month in median rent. Homeownership is strong here — 82.5% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 26% since 2019.
The population of 55041 is primarily White (94.22%). Residents are well-educated — 46.5% hold a bachelor's degree or higher, which is above the national average. Poverty affects a relatively small share of residents at 5.7%. Household income has grown by 29% since 2019.
The unemployment rate in 55041 stands at 0.8%, which is well below the national average. About 11% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 74%.
Overall, ZIP code 55041 in Lake City, MN is characterized as middle-income, well-educated, a mature community, and predominantly owner-occupied. With 7,532 residents, a median household income of $83,673, and a median home value of $265,300, it offers a clear picture of life in this part of Minnesota.