55042 Map

55042 Income Statistics

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55042 Compared to Surrounding Areas

Median Household Income

The median household income ($157,923) for 55042 is less than the median household income for Lake Elmo city ($158,269). But it's more than Washington County ($110,828).

55042$157,923
Lake Elmo city$158,269
Washington County$110,828

Average Household Income

The average household income ($221,762) for 55042 is more than Washington County ($143,126) and Lake Elmo city ($221,706).

55042$221,762
Lake Elmo city$221,706
Washington County$143,126

Per-Capita Income

The per-capita income for 55042 is $79,741. The per capita income ($79,741) for 55042 is more than Washington County ($54,418) and Lake Elmo city ($79,640).

55042$79,741
Lake Elmo city$79,640
Washington County$54,418

High Income Households

40.4% of households make over $200,000 a year. The percent high income households (40.4%) for 55042 is more than Washington County (19.8%) and Lake Elmo city (40.5%).

5504240.4%
Lake Elmo city40.5%
Washington County19.8%

Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55042$-1$234,500$189,426$77,340
Lake Elmo city$-1$231,641$196,098$87,045
Washington County$69,097$123,747$137,187$72,429

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About the Data

Sources & Margins of Error

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2022 5-year estimates. These values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above 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+
55042+/-$18,834+/-$24,628+/-$8,402+/-5.3%+/-$-1+/-$37,887+/-$19,578+/-$27,392
Lake Elmo city+/-$18,823+/-$26,021+/-$8,973+/-5.5%+/-$-1+/-$36,374+/-$21,619+/-$26,761
Washington County+/-$2,338+/-$2,621+/-$970+/-0.8%+/-$10,253+/-$5,079+/-$5,432+/-$2,618