| ZIP Code | 55603 |
|---|---|
| City | Finland |
| State | Minnesota (MN) |
| County | Lake County |
| Area Code | 218 |
| Elevation | 1,863 ft |
| Latitude | 47.550775 |
|---|---|
| Longitude | -91.206393 |
| Timezone | Chicago (DST) |
| FIPS | 27075 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 55.8 yrs |
|---|---|
| Avg Household Size | 1.81 |
| Below Poverty | 12.1% ▲ 21% above avg |
| College Grads | 31.3% ▼ 19% below avg |
| Unemployment | 6.6% ▲ 35% above avg |
| No HS Diploma | 2 (0.6%) |
| HS Graduate | 137 (38.3%) |
| Some College | 44 (12.3%) |
| Associates | 63 (17.6%) |
| Bachelors | 50 (14%) |
| Graduate Degree | 62 (17.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $62,813 ▼ 18% below avg ↑ 21% since 2019 |
|---|---|
| Median Home Value | $195,800 ▼ 30% below avg ↑ 25% since 2019 |
| Home/Income Ratio | 3.1x (nat avg ~3.5x) |
| Median Rent | $696/mo ↑ 6% since 2019 |
| Total Units | 442 |
| Vacant Units | 194 |
| Avg HH Size | 1.81 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 442 |
|---|---|
| Vacant | 194 |
| Owner Occupied | 83.5% |
| Renter Occupied | 16.5% |
| Avg HH Size | 1.81 |
ZIP code 55603 is located in Finland, Minnesota, within Lake County. With a population of 448, this is a sparsely populated ZIP code with an older community — the median age is 55.8 years. Economically, 55603 is a solidly middle-class ZIP code: the median household income of $62,813 is below the national average.
Real estate in ZIP code 55603 represents an affordable housing market. The median home value of $195,800 is below the national average. Renters can expect to pay around $696 per month in median rent. Homeownership is strong here — 83.5% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 25% since 2019.
The population of 55603 is primarily White (97.10%). Residents are moderately educated — 31.3% hold a bachelor's degree or higher, which is below the national average. Poverty affects some residents at 12.1%. Household income has grown by 21% since 2019.
The unemployment rate in 55603 stands at 6.6%, which is above the national average. As in most parts of the country, driving alone is the dominant commute mode at 87%.
Overall, ZIP code 55603 in Finland, MN is characterized as solidly middle-class, moderately educated, an older community, and predominantly owner-occupied. With 448 residents, a median household income of $62,813, and a median home value of $195,800, it offers a clear picture of life in this part of Minnesota.