ZIP Code 55603 — Finland CDP, MN Demographics & Data

ZIP code 55603 covers Finland, MN in Lake County with a population of about 448.

At a glance, the area shows median age of 55.8 versus a U.S. median of about 38.9.

It sits in telephone area code 218; U.S. House district MN-8; the DULUTH - SUPERIOR media market.

Finland, MN fits a retirement-oriented profile (older median age or known retirement-community context). Residents and relocators commonly research healthcare access, everyday amenities (dining, personal services), and housing costs rather than tech or campus life.

Median household income in ZIP 55603 is about $62,813 — about 16% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 12.1%; unemployment rate near 6.6%; 15.9% of adults with a bachelor’s degree or higher (about 17.8 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Construction, Education, and Healthcare; about 6.7% of workers reporting work-from-home (about 8.5 points below the U.S. share (15.2%)); a mean commute of about 168.0 minutes (U.S. average near 26.8).

Median home value is about $195,800 — about 44% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $396 (about 66% below the U.S. median rent ($1,163)), and owner-occupancy near 83.5% (about 18.1 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 55603 in Finland, MN, a household would need roughly $54,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,258. That sits below the local median household income ($62,813), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Finland CDP, MN as Very Low (composite score 33.9), which is relatively lower than many U.S. communities. The strongest component scores on US5 are wildfire (62.3) and flood (29.8). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Finland CDP, MN show little to no average snow and around 32.5 inches of annual precipitation.

IRS migration statistics show a net inflow of about 32 for ZIP 55603 (Finland CDP, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.