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55357 Income Statistics

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55357 Compared to Surrounding Areas

Median Household Income

The median household income ($116,696) for 55357 is less than the median household income for 55340 ($149,000), 55374 ($131,114), Corcoran ($138,848), Independence ($180,357), Medina ($156,563), and Greenfield ($123,817). But it's more than 55313 ($80,520), 55341 ($112,414), 55373 ($80,408), 55359 ($106,081), Hennepin County ($81,169), Loretto ($73,942), and Hanover ($116,458).

55357$116,696
Hanover$116,458
Corcoran$138,848
Greenfield$123,817
Medina$156,563
Independence$180,357
Loretto$73,942
Hennepin County$81,169

Average Household Income

The average household income ($175,704) for 55357 is less than the average household income for 55340 ($200,183), Independence ($244,395), and Medina ($244,138). But it's more than 55359 ($162,863), 55313 ($104,565), 55341 ($135,502), 55373 ($111,861), 55374 ($139,286), Hennepin County ($114,194), Corcoran ($159,810), Hanover ($138,751), Loretto ($118,986), and Greenfield ($164,752).

55357$175,704
Hanover$138,751
Corcoran$159,810
Greenfield$164,752
Medina$244,138
Independence$244,395
Loretto$118,986
Hennepin County$114,194

Per-Capita Income

The per-capita income for 55357 is $61,826. The per capita income ($61,826) for 55357 is less than the per capita income for 55340 ($68,063), Independence ($71,824), and Medina ($83,221). But it's more than 55359 ($56,334), 55313 ($39,596), 55341 ($44,806), 55373 ($41,880), 55374 ($46,329), Hennepin County ($47,618), Corcoran ($60,449), Hanover ($45,761), Loretto ($47,536), and Greenfield ($56,987).

55357$61,826
Hanover$45,761
Corcoran$60,449
Greenfield$56,987
Medina$83,221
Independence$71,824
Loretto$47,536
Hennepin County$47,618

High Income Households

% of households make over $200,000 a year. The percent high income households (23.0%) for 55357 is less than the percent high income households for 55340 (34.2%), 55359 (29.2%), Independence (46.1%), Medina (42.3%), and Greenfield (23.9%). But it's more than 55374 (18.9%), 55313 (9.0%), 55341 (16.7%), 55373 (14.2%), Hennepin County (13.2%), Corcoran (19.8%), Hanover (17.0%), and Loretto (18.1%).

5535723.0%
Hanover17.0%
Corcoran19.8%
Greenfield23.9%
Medina42.3%
Independence46.1%
Loretto18.1%
Hennepin County13.2%

Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55357 $-1 $102,885 $145,250 $56,307
Hanover $-1 $122,024 $129,688 $95,000
Corcoran $-1 $150,653 $143,333 $100,114
Greenfield $-1 $140,903 $127,500 $58,958
Medina $-1 $185,694 $197,386 $71,420
Independence $-1 $250,001 $250,001 $88,661
Loretto $-1 $93,875 $121,250 $37,292
Hennepin County $42,318 $88,871 $99,600 $55,899

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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+
55357 +/-$19,303 +/-$30,641 +/-$8,772 +/-4.9% +/-$-1 +/-$23,641 +/-$32,998 +/-$14,810
Hanover +/-$13,075 +/-$17,263 +/-$5,048 +/-6.5% +/-$-1 +/-$27,156 +/-$20,501 +/-$28,928
Corcoran +/-$21,569 +/-$15,245 +/-$5,875 +/-5.2% +/-$-1 +/-$10,901 +/-$24,993 +/-$45,319
Greenfield +/-$3,672 +/-$29,703 +/-$9,904 +/-5.9% +/-$-1 +/-$30,261 +/-$21,388 +/-$45,362
Medina +/-$46,364 +/-$51,279 +/-$17,615 +/-8.5% +/-$-1 +/-$106,358 +/-$62,969 +/-$20,961
Independence +/-$58,652 +/-$46,418 +/-$15,120 +/-8.3% +/-$-1 +/-$-1 +/-$-1 +/-$55,875
Loretto +/-$24,304 +/-$32,172 +/-$11,428 +/-7.9% +/-$-1 +/-$9,725 +/-$39,263 +/-$12,358
Hennepin County +/-$943 +/-$1,159 +/-$474 +/-0.4% +/-$2,404 +/-$1,585 +/-$2,103 +/-$1,136