| ZIP Code | 55616 |
|---|---|
| City | Two Harbors |
| State | Minnesota (MN) |
| County | Lake County |
| Area Code | 218 |
| Elevation | 1,255 ft |
| Latitude | 47.251465 |
|---|---|
| Longitude | -91.69186 |
| Timezone | Chicago (DST) |
| FIPS | 27075 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 44.5 yrs ↓ 2% since 2019 |
|---|---|
| Avg Household Size | 2.28 |
| Below Poverty | 7.6% ▼ 24% below avg |
| College Grads | 41.4% ≈ Avg |
| Unemployment | 2.0% ▼ 59% below avg |
| No HS Diploma | 31 (0.6%) |
| HS Graduate | 1,438 (29.4%) |
| Some College | 600 (12.3%) |
| Associates | 801 (16.4%) |
| Bachelors | 794 (16.2%) |
| Graduate Degree | 1,233 (25.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $77,242 ≈ Avg ↑ 21% since 2019 |
|---|---|
| Median Home Value | $237,000 ▼ 15% below avg ↑ 25% since 2019 |
| Home/Income Ratio | 3.1x (nat avg ~3.5x) |
| Median Rent | $1,045/mo ↑ 60% since 2019 |
| Total Units | 4,103 |
| Vacant Units | 974 |
| Avg HH Size | 2.28 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 4,103 |
|---|---|
| Vacant | 974 |
| Owner Occupied | 81.9% |
| Renter Occupied | 18.2% |
| Avg HH Size | 2.28 |
ZIP code 55616 is located in Two Harbors, Minnesota, within Lake County. With a population of 7,277, this is a lightly populated ZIP code with a middle-aged community — the median age is 44.5 years. Economically, 55616 is a middle-income ZIP code: the median household income of $77,242 is near the national average.
Real estate in ZIP code 55616 represents an affordable housing market. The median home value of $237,000 is near the national average. Renters can expect to pay around $1,045 per month in median rent. Homeownership is strong here — 81.9% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 25% since 2019.
The population of 55616 is primarily White (95.44%). Residents are well-educated — 41.4% hold a bachelor's degree or higher, which is near the national average. Poverty affects a relatively small share of residents at 7.6%. Household income has grown by 21% since 2019.
The unemployment rate in 55616 stands at 2.0%, 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 77%.
Overall, ZIP code 55616 in Two Harbors, MN is characterized as middle-income, well-educated, a middle-aged community, and predominantly owner-occupied. With 7,277 residents, a median household income of $77,242, and a median home value of $237,000, it offers a clear picture of life in this part of Minnesota.