| ZIP Code | 55706 |
|---|---|
| City | Babbitt |
| State | Minnesota (MN) |
| County | St. Louis County |
| Area Code | 218 |
| Elevation | 1,640 ft |
| Latitude | 47.667051 |
|---|---|
| Longitude | -91.985485 |
| Timezone | Chicago (DST) |
| FIPS | 27137 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 55.6 yrs ↑ 6% since 2019 |
|---|---|
| Avg Household Size | 2.06 |
| Below Poverty | 14.5% ▲ 45% above avg |
| College Grads | 43.0% ▲ 11% above avg |
| Unemployment | 3.7% ▼ 24% below avg |
| No HS Diploma | 5 (0.4%) |
| HS Graduate | 365 (27.3%) |
| Some College | 156 (11.7%) |
| Associates | 237 (17.7%) |
| Bachelors | 274 (20.5%) |
| Graduate Degree | 301 (22.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $60,096 ▼ 21% below avg ↑ 34% since 2019 |
|---|---|
| Median Home Value | $107,600 ▼ 61% below avg ↑ 33% since 2019 |
| Home/Income Ratio | 1.8x (nat avg ~3.5x) |
| Median Rent | $726/mo ↑ 9% since 2019 |
| Total Units | 1,132 |
| Vacant Units | 276 |
| Avg HH Size | 2.06 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 1,132 |
|---|---|
| Vacant | 276 |
| Owner Occupied | 85.5% |
| Renter Occupied | 14.5% |
| Avg HH Size | 2.06 |
ZIP code 55706 is located in Babbitt, Minnesota, within St. Louis County. With a population of 1,827, this is a sparsely populated ZIP code with an older community — the median age is 55.6 years. Economically, 55706 is a solidly middle-class ZIP code: the median household income of $60,096 is below the national average.
Real estate in ZIP code 55706 represents one of the more affordable housing markets in the country. The median home value of $107,600 is well below the national average. Renters can expect to pay around $726 per month in median rent. Homeownership is strong here — 85.5% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 33% since 2019.
The population of 55706 is primarily White (94.85%). Residents are well-educated — 43.0% hold a bachelor's degree or higher, which is near the national average. Poverty affects some residents at 14.5%. Household income has grown by 34% since 2019.
The unemployment rate in 55706 stands at 3.7%, which is below the national average. About 17% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 74%.
Overall, ZIP code 55706 in Babbitt, MN is characterized as solidly middle-class, well-educated, an older community, and predominantly owner-occupied. With 1,827 residents, a median household income of $60,096, and a median home value of $107,600, it offers a clear picture of life in this part of Minnesota.