55331 Income Statistics

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55331 Compared to Surrounding Areas

Median Household Income

The median household income ($140,520) for 55331 is less than the median household income for 55386 ($165,568), Victoria ($166,477), Greenwood ($183,750), Orono ($169,557), Shorewood ($146,029), and Minnetrista ($144,188). But it's more than 55318 ($92,094), 55364 ($99,485), 55387 ($101,085), 55391 ($126,284), 55317 ($119,690), 55375 ($117,667), 55345 ($112,907), Hennepin County ($81,169), Carver County ($104,011), Excelsior ($80,750), Tonka Bay ($135,167), Chanhassen ($124,184), and Deephaven ($132,813).

55331$140,520
Victoria$166,477
Shorewood$146,029
Tonka Bay$135,167
Chanhassen$124,184
Deephaven$132,813
Excelsior$80,750
Greenwood$183,750
Minnetrista$144,188
Orono$169,557
Hennepin County$81,169
Carver County$104,011

Average Household Income

The average household income ($205,792) for 55331 is less than the average household income for 55391 ($237,803), Deephaven ($232,771), Tonka Bay ($227,655), Greenwood ($339,522), Shorewood ($213,032), Minnetrista ($208,665), and Orono ($331,803). But it's more than 55318 ($115,123), 55387 ($116,320), 55317 ($162,588), 55375 ($123,649), 55345 ($142,556), 55386 ($180,128), 55364 ($162,042), Hennepin County ($114,194), Carver County ($132,120), Excelsior ($143,613), Chanhassen ($167,892), and Victoria ($182,095).

55331$205,792
Victoria$182,095
Shorewood$213,032
Tonka Bay$227,655
Chanhassen$167,892
Deephaven$232,771
Excelsior$143,613
Greenwood$339,522
Minnetrista$208,665
Orono$331,803
Hennepin County$114,194
Carver County$132,120

Per-Capita Income

The per-capita income for 55331 is $78,338. The per capita income ($78,338) for 55331 is less than the per capita income for 55391 ($100,104), Greenwood ($143,500), Deephaven ($92,201), Tonka Bay ($89,631), and Orono ($137,417). But it's more than 55318 ($45,362), 55364 ($71,022), 55387 ($42,725), 55317 ($59,497), 55375 ($38,582), 55345 ($57,965), 55386 ($62,594), Hennepin County ($47,618), Carver County ($48,492), Shorewood ($77,829), Victoria ($61,819), Chanhassen ($61,069), Minnetrista ($71,024), and Excelsior ($67,808).

55331$78,338
Victoria$61,819
Shorewood$77,829
Tonka Bay$89,631
Chanhassen$61,069
Deephaven$92,201
Excelsior$67,808
Greenwood$143,500
Minnetrista$71,024
Orono$137,417
Hennepin County$47,618
Carver County$48,492

High Income Households

% of households make over $200,000 a year. The percent high income households (35.2%) for 55331 is less than the percent high income households for 55391 (35.3%), 55386 (41.0%), Tonka Bay (35.4%), Orono (45.1%), Victoria (40.6%), Minnetrista (36.4%), Shorewood (39.3%), and Greenwood (48.4%). But it's more than 55318 (13.7%), 55364 (22.0%), 55387 (14.6%), 55317 (26.5%), 55375 (16.5%), 55345 (24.0%), Hennepin County (13.2%), Carver County (18.1%), Excelsior (21.8%), Chanhassen (27.3%), and Deephaven (32.6%).

5533135.2%
Victoria40.6%
Shorewood39.3%
Tonka Bay35.4%
Chanhassen27.3%
Deephaven32.6%
Excelsior21.8%
Greenwood48.4%
Minnetrista36.4%
Orono45.1%
Hennepin County13.2%
Carver County18.1%

Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55331 $44,688 $150,625 $162,854 $99,143
Victoria $-1 $198,125 $193,952 $89,656
Shorewood $-1 $162,240 $197,277 $97,895
Tonka Bay $-1 $202,917 $142,500 $108,750
Chanhassen $-1 $138,727 $158,301 $57,399
Deephaven $-1 $175,938 $133,250 $98,576
Excelsior $43,750 $68,810 $105,227 $99,250
Greenwood $-1 $119,500 $230,833 $88,750
Minnetrista $-1 $184,194 $148,182 $112,083
Orono $-1 $153,785 $231,806 $89,531
Hennepin County $42,318 $88,871 $99,600 $55,899
Carver County $50,735 $118,323 $125,734 $54,446

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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 2020 5-year estimates. These values are in 2020 inflation-adjusted dollars and were downloaded on 17 March 2022.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2020 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+
55331 +/-$12,106 +/-$15,597 +/-$6,546 +/-4.1% +/-$10,984 +/-$25,912 +/-$22,126 +/-$13,922
Victoria +/-$19,527 +/-$13,861 +/-$4,432 +/-5.0% +/-$-1 +/-$49,552 +/-$22,458 +/-$20,854
Shorewood +/-$17,705 +/-$31,492 +/-$12,727 +/-7.5% +/-$-1 +/-$71,127 +/-$50,174 +/-$19,790
Tonka Bay +/-$13,390 +/-$43,695 +/-$19,426 +/-6.3% +/-$-1 +/-$64,602 +/-$25,725 +/-$23,309
Chanhassen +/-$7,389 +/-$8,776 +/-$3,133 +/-2.4% +/-$-1 +/-$13,284 +/-$12,835 +/-$7,307
Deephaven +/-$17,487 +/-$48,019 +/-$20,865 +/-6.6% +/-$-1 +/-$60,507 +/-$28,429 +/-$16,331
Excelsior +/-$22,502 +/-$32,027 +/-$14,579 +/-8.7% +/-$15,278 +/-$6,777 +/-$58,538 +/-$25,970
Greenwood +/-$58,227 +/-$113,387 +/-$36,158 +/-11.5% +/-$-1 +/-$77,740 +/-$77,677 +/-$32,057
Minnetrista +/-$40,369 +/-$33,134 +/-$10,667 +/-9.2% +/-$-1 +/-$25,564 +/-$50,359 +/-$28,211
Orono +/-$33,671 +/-$65,162 +/-$30,357 +/-6.9% +/-$-1 +/-$34,381 +/-$31,361 +/-$85,202
Hennepin County +/-$943 +/-$1,159 +/-$474 +/-0.4% +/-$2,404 +/-$1,585 +/-$2,103 +/-$1,136
Carver County +/-$3,161 +/-$3,147 +/-$1,058 +/-1.1% +/-$21,707 +/-$6,524 +/-$4,306 +/-$4,200