55416 Map

55416 Income Statistics

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55416 Compared to Surrounding Areas

Median Household Income

The median household income ($99,383) for 55416 is less than the median household income for Edina city ($125,506) and Golden Valley city ($110,026). But it's more than Hennepin County ($92,595), Minneapolis city ($76,332), and St. Louis Park city ($94,263).

55416$99,383
Edina city$125,506
Golden Valley city$110,026
Minneapolis city$76,332
St. Louis Park city$94,263
Hennepin County$92,595

Average Household Income

The average household income ($139,346) for 55416 is less than the average household income for Edina city ($194,947) and Golden Valley city ($141,436). But it's more than Hennepin County ($130,586), Minneapolis city ($108,980), and St. Louis Park city ($122,725).

55416$139,346
Edina city$194,947
Golden Valley city$141,436
Minneapolis city$108,980
St. Louis Park city$122,725
Hennepin County$130,586

Per-Capita Income

The per-capita income for 55416 is $71,422. The per capita income ($71,422) for 55416 is less than the per capita income for Edina city ($84,049). But it's more than Hennepin County ($55,199), Golden Valley city ($62,819), Minneapolis city ($48,373), and St. Louis Park city ($60,434).

55416$71,422
Edina city$84,049
Golden Valley city$62,819
Minneapolis city$48,373
St. Louis Park city$60,434
Hennepin County$55,199

High Income Households

21.0% of households make over $200,000 a year. The percent high income households (21.0%) for 55416 is more than Hennepin County (17.2%), Edina city (32.1%), Golden Valley city (22.6%), Minneapolis city (12.6%), and St. Louis Park city (15.4%).

5541621.0%
Edina city32.1%
Golden Valley city22.6%
Minneapolis city12.6%
St. Louis Park city15.4%
Hennepin County17.2%

Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55416$63,164$111,756$127,368$74,217
Edina city$55,972$147,122$192,583$73,094
Golden Valley city$65,985$146,641$116,185$65,443
Minneapolis city$41,369$86,499$86,818$54,736
St. Louis Park city$63,306$108,704$115,239$59,674
Hennepin County$46,678$102,800$114,722$64,906

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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+
55416+/-$6,594+/-$5,908+/-$3,046+/-2.0%+/-$3,120+/-$11,131+/-$11,406+/-$6,578
Edina city+/-$7,558+/-$9,443+/-$3,608+/-2.1%+/-$15,586+/-$13,601+/-$18,803+/-$7,162
Golden Valley city+/-$8,636+/-$9,263+/-$3,766+/-2.8%+/-$20,642+/-$20,725+/-$14,881+/-$7,120
Minneapolis city+/-$1,389+/-$2,030+/-$897+/-0.5%+/-$3,326+/-$2,080+/-$4,415+/-$2,553
St. Louis Park city+/-$3,376+/-$3,896+/-$2,299+/-1.2%+/-$6,139+/-$6,904+/-$10,308+/-$6,358
Hennepin County+/-$1,005+/-$1,140+/-$536+/-0.3%+/-$2,682+/-$1,642+/-$1,813+/-$1,337