This data is based on ZIP code 55304, which covers Andover and Coon Rapids and Ham Lake and Oak Grove.
The U.S. Census reports business data by ZIP code, not city boundaries. All numbers reflect the combined ZIP code 55304 area shared across these towns.
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Andover ZIP Area Economy · 2022
Wages -18% vs. avg. Anoka Co. town
Andover's ZIP area supports 9,776 jobs across 1,166 businesses, with workers earning an average of $47K per year, 18% below the Anoka County average. The economy is well-diversified (0.89 index), led by construction and professional services. 91.4% of businesses have fewer than 20 employees, and each business employs an average of 8.4 people. Jobs grew 10.7% from the prior year while business count grew 3.7%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Anoka Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
1,166 businesses by employee count. 91.4% are small businesses (under 20 employees).
Micro (<5)
Small (5-9)
Small (10-19)
Medium (20-49)
Medium (50-99)
Large (100-249)
Economic Densityi
0.30
jobs per resident
8.4
employees per business
County avg: 14.0-40%
$14K
payroll per resident
$395K
payroll per business
Andover ZIP Area vs. Avg. Anoka Co. Towni
All Industries in ZIP Areai
| Sector | Andover ZIP | Avg. Anoka Co. | Spec. |
|---|---|---|---|
| Construction | 288 | 287 | 1.4x |
| Professional Services | 107 | 154 | 1.0x |
| Retail Trade | 106 | 172 | 0.9x |
| Other Services | 103 | 156 | 0.9x |
| Healthcare | 96 | 177 | 0.8x |
| Real Estate | 88 | 94 | 1.3x |
| Admin Services | 82 | 96 | 1.2x |
| Manufacturing | 68 | 109 | 0.9x |
| Finance & Insurance | 57 | 87 | 0.9x |
| Food & Accommodation | 46 | 98 | 0.7x |
| Transportation | 37 | 59 | 0.9x |
| Wholesale Trade | 36 | 72 | 0.7x |
| Arts & Entertainment | 23 | 28 | 1.1x |
| Education | 16 | 17 | 1.3x |
| Information | 8 | 17 | 0.7x |