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55387 Income Statistics

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55387 Compared to Surrounding Areas

Median Household Income

The median household income ($101,085) for 55387 is less than the median household income for 55375 ($117,667), 55386 ($165,568), 55331 ($140,520), Carver County ($104,011), and Minnetrista ($144,188). But it's more than 55360 ($100,107), 55388 ($94,481), 55318 ($92,094), 55322 ($99,263), Hennepin County ($81,169), Crown College ($-1), and Waconia ($100,583).

55387$101,085
Crown College$-1
Minnetrista$144,188
Waconia$100,583
Carver County$104,011
Hennepin County$81,169

Average Household Income

The average household income ($116,320) for 55387 is less than the average household income for 55375 ($123,649), 55386 ($180,128), 55331 ($205,792), Carver County ($132,120), and Minnetrista ($208,665). But it's more than 55360 ($105,558), 55388 ($104,526), 55318 ($115,123), 55322 ($114,862), Hennepin County ($114,194), Crown College ($57,038), and Waconia ($113,322).

55387$116,320
Crown College$57,038
Minnetrista$208,665
Waconia$113,322
Carver County$132,120
Hennepin County$114,194

Per-Capita Income

The per-capita income for 55387 is $42,725. The per capita income ($42,725) for 55387 is less than the per capita income for 55386 ($62,594), 55318 ($45,362), 55331 ($78,338), Hennepin County ($47,618), Carver County ($48,492), and Minnetrista ($71,024). But it's more than 55360 ($35,857), 55375 ($38,582), 55388 ($37,367), 55322 ($41,382), Waconia ($41,597), and Crown College ($8,218).

55387$42,725
Crown College$8,218
Minnetrista$71,024
Waconia$41,597
Carver County$48,492
Hennepin County$47,618

High Income Households

% of households make over $200,000 a year. The percent high income households (14.6%) for 55387 is less than the percent high income households for 55375 (16.5%), 55386 (41.0%), 55331 (35.2%), Carver County (18.1%), and Minnetrista (36.4%). But it's more than 55360 (5.1%), 55388 (5.8%), 55318 (13.7%), 55322 (5.5%), Hennepin County (13.2%), Crown College (0.0%), and Waconia (13.7%).

5538714.6%
Crown College0.0%
Minnetrista36.4%
Waconia13.7%
Carver County18.1%
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
55387 $-1 $123,571 $121,370 $51,921
Crown College $-1 $-1 $-1 $-1
Minnetrista $-1 $184,194 $148,182 $112,083
Waconia $-1 $122,929 $120,409 $50,417
Carver County $50,735 $118,323 $125,734 $54,446
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+
55387 +/-$7,023 +/-$5,617 +/-$2,240 +/-3.1% +/-$-1 +/-$25,920 +/-$17,248 +/-$10,100
Crown College +/-$-1 +/-$38,482 +/-$2,955 +/-43.2% +/-$-1 +/-$-1 +/-$-1 +/-$-1
Minnetrista +/-$40,369 +/-$33,134 +/-$10,667 +/-9.2% +/-$-1 +/-$25,564 +/-$50,359 +/-$28,211
Waconia +/-$8,504 +/-$5,859 +/-$2,239 +/-3.3% +/-$-1 +/-$24,798 +/-$16,807 +/-$9,143
Carver County +/-$3,161 +/-$3,147 +/-$1,058 +/-1.1% +/-$21,707 +/-$6,524 +/-$4,306 +/-$4,200
Hennepin County +/-$943 +/-$1,159 +/-$474 +/-0.4% +/-$2,404 +/-$1,585 +/-$2,103 +/-$1,136