56554 Zip Code Detailed Profile

Profiles Lake Park, MN (56554) houses, apartments, residents, cars, jobs...

City: Lake Park, MN
Becker County, MN
Zip code population (2000): 2,471
Estimated zip code population in 2007: 2,555

Age and Sex of Residents in zip code 56554

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Houses and condos: 1,670
Renter-occupied apartments: 124

% of renters here:	12%
State:	25%

2008 cost of living index in zip code 56554: 80.1 (low, U.S. average is 100)

Land area: 114.2 sq. mi.
Water area: 12.4 sq. mi.

Population density: 22 people per square mile

(very low).

Estimate of real estate property taxes paid for housing units in 2007:

This zip code:	1.4% ($877)
Minnesota:	1.6% ($1,297)

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Males: 1,280	(51.8%)
Females: 1,191	(48.2%)

Zip code 56554 races chart

Recent posts about zip code 56554 area on our local forum with over 700,000 registered users:

	Do us Minnesotans have an accent? (143 replies)
	Schools for Gifted Children (46 replies)
	Can't buy a SFH in Twin Cities for 200K? (81 replies)
	Relocating to Maple Grove Area (18 replies)
	Job in Coon Rapids - Where to Live? (33 replies)
	Confused about suburbs tell me where to go????? (17 replies)

100% rural population.

Estimated median house/condo value in 2007: $168,022

56554:	$168,022
Minnesota:	$213,600

According to our research of public records there were no registered sex offenders living in this zip code in early 2007.

Median resident age:	42.9 years
Minnesota median age:	35.4 years

Average household size:

This zip code:	2.4 people
Minnesota:	2.5 people

Averages for the 2004 tax year for zip code 56554, filed in 2005:

Average Adjusted Gross Income (AGI) in 2004: $42,902 (Individual Income Tax Returns)

Here: $42,902
State: $53,560

Salary/wage: $35,027 (reported on 82.4% of returns)

Here: $35,027
State: $46,177

(% of AGI for various income ranges: 111.6% for AGIs below $10k, 66.6% for AGIs $10k-25k, 72.4% for AGIs $25k-50k, 76.2% for AGIs $50k-75k, 72.8% for AGIs $75k-100k, 50.7% for AGIs over 100k)

Taxable interest for individuals: $1,318 (reported on 51.6% of returns)

This zip code: $1,318
Minnesota: $1,796

(% of AGI for various income ranges: 5.4% for AGIs below $10k, 2.8% for AGIs $10k-25k, 1.4% for AGIs $25k-50k, 0.9% for AGIs $50k-75k, 1.6% for AGIs $75k-100k, 1.5% for AGIs over 100k)

Taxable dividends: $1,587 (reported on 26.3% of returns)

Here: $1,587
State: $3,096

(% of AGI for various income ranges: 2.3% for AGIs below $10k, 1.4% for AGIs $10k-25k, 0.7% for AGIs $25k-50k, 0.3% for AGIs $50k-75k, 0.8% for AGIs $75k-100k, 1.6% for AGIs over 100k)

Net capital gain/loss: +$8,735 (reported on 22.8% of returns)

Here: +$8,735
State: +$10,864

(% of AGI for various income ranges: 1.4% for AGIs below $10k, 1.1% for AGIs $10k-25k, 0.4% for AGIs $25k-50k, 1.4% for AGIs $50k-75k, 3.1% for AGIs $75k-100k, 12.6% for AGIs over 100k)

Profit/loss from business: +$8,726 (reported on 21.1% of returns)

Here: +$8,726
State: +$10,442

(% of AGI for various income ranges: 5.8% for AGIs below $10k, 5.0% for AGIs $10k-25k, 5.2% for AGIs $25k-50k, 4.0% for AGIs $50k-75k, 2.9% for AGIs $75k-100k, 4.2% for AGIs over 100k)

Profit/loss from farming: +$937 (reported on 6.3% of returns)

Here: +$937
State: $-962

(% of AGI for various income ranges: -8.0% for AGIs below $10k, 1.2% for AGIs $10k-25k, 1.2% for AGIs $25k-50k, -0.4% for AGIs $50k-75k)

IRA payment deduction: $3,000 (reported on 3.6% of returns)

56554: $3,000
Minnesota: $2,955

Total itemized deductions: $17,281 (1% of AGI, reported on 29.9% of returns)

Here: $17,281
State: $20,035

(% of AGI for various income ranges: 9.7% for AGIs below $10k, 7.8% for AGIs $10k-25k, 8.5% for AGIs $25k-50k, 11.0% for AGIs $50k-75k, 17.0% for AGIs $75k-100k, 14.4% for AGIs over 100k)

Charity contributions deductions: $2,762 (3.4% of AGI, reported on 25.3% of returns)

Here: $2,762
Minnesota: $3,333

Here: 3.4% of AGI
State: 3.4% of AGI

(% of AGI for various income ranges: 1.4% for AGIs $10k-25k, 0.9% for AGIs $25k-50k, 1.5% for AGIs $50k-75k, 2.3% for AGIs $75k-100k, 2.1% for AGIs over 100k)

Total tax: $5,749 (reported on 80.2% of returns)

56554: $5,749
State: $8,485

(% of AGI for various income ranges: 4.1% for AGIs below $10k, 4.6% for AGIs $10k-25k, 7.0% for AGIs $25k-50k, 8.4% for AGIs $50k-75k, 10.4% for AGIs $75k-100k, 18.1% for AGIs over 100k)

Earned income credit: $1,467 (reported on 11.9% of returns)

Here: $1,467
State: $1,523

(% of AGI for various income ranges: 4.7% for AGIs below $10k, 2.7% for AGIs $10k-25k, 0.3% for AGIs $25k-50k)

Percentage of individuals using paid preparers for their 2004 taxes: 69.9%

Here: 70%
State: 59%

(% for various income ranges: 56.7% for AGIs below $10k, 67.6% for AGIs $10k-25k, 75.2% for AGIs $25k-50k, 71.4% for AGIs $50k-75k, 76.8% for AGIs $75k-100k, 82.8% for AGIs over 100k)