55024 Income Statistics

Comparison to Surrounding Areas

55024 Median Household Income

The median household income ($127,280) for 55024 is less than the median household income for 55044 ($141,551), 55068 ($127,798), Empire city ($147,700), and Lakeville city ($139,041). But it's more than 55031 ($114,338), 55033 ($103,988), 55057 ($92,622), 55065 ($119,667), Dakota County ($106,318), and Farmington city ($123,673).

55024$127,280
Empire city$147,700
Farmington city$123,673
Lakeville city$139,041
Dakota County$106,318

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55024 Average Household Income

The average household income ($141,206) for 55024 is less than the average household income for 55044 ($171,606), 55068 ($157,006), Empire city ($157,279), and Lakeville city ($163,541). But it's more than 55031 ($128,137), 55033 ($118,889), 55057 ($114,620), 55065 ($137,001), Dakota County ($131,262), and Farmington city ($137,085).

55024$141,206
Empire city$157,279
Farmington city$137,085
Lakeville city$163,541
Dakota County$131,262

Get Average Household Income for all Zip Codes in Minnesota.

55024 Per-Capita Income

The per-capita income for 55024 is $49,167. The per capita income ($49,167) for 55024 is less than the per capita income for 55044 ($60,343), 55068 ($57,029), Dakota County ($52,084), Empire city ($51,680), and Lakeville city ($57,291). But it's more than 55031 ($48,954), 55033 ($47,501), 55057 ($39,360), 55065 ($47,675), and Farmington city ($48,512).

55024$49,167
Empire city$51,680
Farmington city$48,512
Lakeville city$57,291
Dakota County$52,084

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55024 High Income Households

20.9% of households make over $200,000 a year. The percent high income households (20.9%) for 55024 is less than the percent high income households for 55044 (30.1%), 55065 (24.6%), 55068 (25.3%), and Lakeville city (28.7%). But it's more than 55031 (15.5%), 55033 (14.6%), 55057 (12.2%), Dakota County (17.8%), Empire city (19.8%), and Farmington city (18.6%).

5502420.9%
Empire city19.8%
Farmington city18.6%
Lakeville city28.7%
Dakota County17.8%

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55024 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55024$63,125$130,849$153,183$71,906
Empire city$-1$145,197$182,609$106,944
Farmington city$78,782$131,761$143,537$68,250
Lakeville city$90,123$145,647$166,565$75,193
Dakota County$71,218$117,213$131,940$69,739

Get Median Household Income by Age of Householder for all Zip Codes in Minnesota.

55024 Map

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About the Data

Data Sources

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2024 5-year estimates. You can find this information and other demographics for 55024 on the US Census Bureau’s website. These values are in 2024 inflation-adjusted dollars and were downloaded on 29 January 2026.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars) By Age Of Householder

Margins of Error

Margins of error for the income data are:

Median Household Income Average Household Income Per Capita Income High Income Households Median Household Income by Age of Householder
under 25 25 to 44 45 to 64 65+
55024+/-$7,263+/-$6,107+/-$1,878+/-2.8%+/-$24,393+/-$10,577+/-$13,782+/-$9,473
Empire city+/-$19,256+/-$15,162+/-$5,951+/-6.5%+/-$-1+/-$18,807+/-$8,617+/-$58,261
Farmington city+/-$7,209+/-$6,195+/-$2,319+/-2.4%+/-$16,654+/-$11,554+/-$16,527+/-$13,112
Lakeville city+/-$6,972+/-$5,419+/-$1,905+/-2.2%+/-$34,685+/-$8,445+/-$11,834+/-$6,465
Dakota County+/-$1,455+/-$2,045+/-$751+/-0.6%+/-$8,139+/-$2,749+/-$3,921+/-$2,316