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55388 Income Statistics

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55388 Compared to Surrounding Areas

Median Household Income

The median household income ($94,481) for 55388 is less than the median household income for 55359 ($106,081), 55387 ($101,085), 55328 ($99,444), 55375 ($117,667), 55364 ($99,485), 55360 ($100,107), Carver County ($104,011), Minnetrista ($144,188), and Watertown ($94,922). But it's more than 55363 ($73,555), Wright County ($87,772), and Hennepin County ($81,169).

55388$94,481
Minnetrista$144,188
Watertown$94,922
Carver County$104,011
Hennepin County$81,169
Wright County$87,772

Average Household Income

The average household income ($104,526) for 55388 is less than the average household income for 55359 ($162,863), 55387 ($116,320), 55328 ($113,381), 55375 ($123,649), 55364 ($162,042), 55360 ($105,558), Hennepin County ($114,194), Carver County ($132,120), and Minnetrista ($208,665). But it's more than 55363 ($79,600), Wright County ($102,526), and Watertown ($99,590).

55388$104,526
Minnetrista$208,665
Watertown$99,590
Carver County$132,120
Hennepin County$114,194
Wright County$102,526

Per-Capita Income

The per-capita income for 55388 is $37,367. The per capita income ($37,367) for 55388 is less than the per capita income for 55359 ($56,334), 55364 ($71,022), 55387 ($42,725), 55328 ($40,312), 55375 ($38,582), Wright County ($37,416), Hennepin County ($47,618), Carver County ($48,492), and Minnetrista ($71,024). But it's more than 55360 ($35,857), 55363 ($28,055), and Watertown ($34,756).

55388$37,367
Minnetrista$71,024
Watertown$34,756
Carver County$48,492
Hennepin County$47,618
Wright County$37,416

High Income Households

% of households make over $200,000 a year. The percent high income households (5.8%) for 55388 is less than the percent high income households for 55359 (29.2%), 55364 (22.0%), 55387 (14.6%), 55328 (12.2%), 55375 (16.5%), Wright County (7.1%), Hennepin County (13.2%), Carver County (18.1%), and Minnetrista (36.4%). But it's more than 55360 (5.1%), 55363 (2.8%), and Watertown (3.4%).

553885.8%
Minnetrista36.4%
Watertown3.4%
Carver County18.1%
Hennepin County13.2%
Wright County7.1%

Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55388 $39,444 $91,518 $125,183 $42,500
Minnetrista $-1 $184,194 $148,182 $112,083
Watertown $38,403 $90,096 $125,809 $40,000
Carver County $50,735 $118,323 $125,734 $54,446
Hennepin County $42,318 $88,871 $99,600 $55,899
Wright County $55,908 $101,294 $100,719 $47,347

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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+
55388 +/-$8,283 +/-$9,281 +/-$4,008 +/-2.4% +/-$36,724 +/-$15,241 +/-$19,057 +/-$7,603
Minnetrista +/-$40,369 +/-$33,134 +/-$10,667 +/-9.2% +/-$-1 +/-$25,564 +/-$50,359 +/-$28,211
Watertown +/-$16,786 +/-$11,124 +/-$5,043 +/-2.9% +/-$35,900 +/-$17,712 +/-$20,607 +/-$17,149
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
Wright County +/-$2,821 +/-$2,486 +/-$851 +/-0.8% +/-$16,195 +/-$2,545 +/-$4,204 +/-$3,031