ZIP Code 55603
Located in Finland, MN (Lake County)
ZIP Code 55603 (Finland, MN): Quick Facts & Overview
- Population: 490 residents (1 people per sq. mi.)
- Average House Price: $233,712
- Average Household Income: $61,875
ZIP code 55603 primarily serves Finland, MN in Lake County. An estimated 490 people live within this area, with about 1 residents living in every square mile.
If you are looking for a home in ZIP code 55603, the average price is around $233,712. That makes local housing 10% lower than the Minnesota average of $260,056, and 24% lower than the national average of $308,592.
The average household in 55603 earns about $61,875 a year. This income is 25% lower than the average family in Minnesota ($82,068), and 21% lower than the national average ($78,686).
Population
490
Median Household Income
$61,875
Median Home Value
$233,712
Median Age
54.7 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $35,170 |
| Labor Force Participation | 47.9% |
| Unemployment Rate | 6.3% |
| Average Commute Time | 28.9 mins |
Housing & Community Metrics
| Home Ownership Rate | 90.0% |
| Median Rent | $675 |
| Rent Burdened (>30% Income) | 24.1% |
| Total Housing Units | 251 |
Additional Census & Housing Profile
Geographic Overview
| Primary City | Finland |
| County | Lake |
| County FIPS | 27075 |
| Metro Area (CBSA) | - |
| Population Density | 0.6/sq mi |
| Coordinates (lat/lng) | 47.5441, -91.1944 |
| Timezone | America/Chicago |
Household Structure
| Average Family Size | 2.46 |
| Dual Income Families | 47.7% |
Marital Status
| Married | 60.5% |
| Never Married | 26.2% |
| Divorced | 3.0% |
| Widowed | 10.3% |
Gender
| Male | 52.9% |
| Female | 47.1% |
Health & Poverty
| Uninsured Rate (Health) | 5.3% |
| Poverty Rate | 14.7% |
Key Population Groups
| Veterans | 8.7% |
| Disabled Population | 24.3% |
| Limited English Proficiency | 1.2% |
All ZIP Codes in Finland
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 55603 Current | 490 | $61,875 | $233,712 |
Nearby ZIP Codes
| ZIP Code | City / State | Distance | Population |
|---|---|---|---|
| 55613 | Schroeder, MN | 10.5 miles | 232 |
| 55614 | Silver Bay, MN | 15.8 miles | 2,485 |
| 55607 | Isabella, MN | 16 miles | 192 |
| 55615 | Tofte, MN | 20.3 miles | 379 |
| 55601 | Beaver Bay, MN | 22.8 miles | 128 |
| 55612 | Lutsen, MN | 28 miles | 535 |
| 55616 | Two Harbors, MN | 30.1 miles | 7,250 |
| 55706 | Babbitt, MN | 36.4 miles | 1,703 |
| 55602 | Brimson, MN | 36.5 miles | 346 |
| 55750 | Hoyt Lakes, MN | 37.4 miles | 2,068 |
| 55796 | Winton, MN | 38.6 miles | 135 |
| 55731 | Ely, MN | 40.1 miles | 5,361 |
| 55604 | Grand Marais, MN | 41.3 miles | 3,719 |
| 55732 | Embarrass, MN | 48.7 miles | 1,453 |
| 55609 | Knife River, MN | 48.8 miles | 131 |
| 54814 | Bayfield, WI | 49.2 miles | 2,762 |
| 55705 | Aurora, MN | 49.3 miles | 3,211 |
| 55763 | Makinen, MN | 50.3 miles | 495 |
| 54850 | La Pointe, WI | 50.6 miles | 321 |
| 55782 | Soudan, MN | 50.8 miles | 420 |