These Are The 10 Richest ZIP Codes In Minnesota: Report

EDINA, MN — The richest ZIP codes in Minnesota include several familiar names from the Twin Cities metro, according to new census data compiled by IncomeByZipcode.com.

The site analyzed the most recent five-year estimates from the U.S. Census Bureau’s American Community Survey to identify Minnesota’s wealthiest ZIP codes based on mean household income.

Each ZIP code included had at least 500 residents and a reasonable margin of error.

The report found that 55424 in Edina is Minnesota’s wealthiest ZIP code, with an average household income of $340,154 and a median household income of $241,875. The area, located just southwest of Minneapolis, is home to about 10,000 people.

To make the top 10 in Minnesota this year, ZIP codes needed an average household income above $200,000, a reflection of rising earnings and property values across the state’s most exclusive communities.

Here are the 10 wealthiest ZIP codes in Minnesota, based on 2023 Census data:

1. 55424 (Edina) — Average income: $340,154, Median: $241,875
2. 55356 (Long Lake / Orono) — Average: $309,302, Median: $171,333
3. 55391 (Wayzata) — Average: $279,373, Median: $170,115
4. 55982 (Wykoff area) — Average: $252,835, Median: $111,667
5. 55331 (Excelsior / Lake Minnetonka area) — Average: $250,938, Median: $160,029
6. 55439 (Edina) — Average: $236,379, Median: $173,925
7. 55340 (Hamel / Medina) — Average: $227,361, Median: $174,120
8. 55042 (Lake Elmo) — Average: $220,493, Median: $154,779
9. 55436 (Edina) — Average: $218,152, Median: $132,487
10. 55347 (Eden Prairie) — Average: $209,493, Median: $152,850

Beyond the ZIP codes:

• Minnesota households earn more than the national average, with an average household income of $115,861 (5% above U.S. average) and a median income of $87,556 (11% above national median).
  
• Householders ages 45–64 earn the most, with a median income of $108,458, while those under 25 earn a median of $51,213.
• About 13% of Minnesota households make $200,000 or more per year.
• The state’s wealth is largely concentrated in west-metro suburbs, especially around Lake Minnetonka and Edina.

Check out the full IncomeByZipCode report here.