Comparison to Surrounding Areas
The median household income ($85,182) for 55423 is less than the median household income for 55410 ($146,425), 55417 ($126,261), 55419 ($148,350), 55431 ($101,484), and Hennepin County ($97,653). But it's more than 55420 ($82,170), 55425 ($76,274), 55435 ($79,884), 55450 ($-1), and Richfield city ($85,132).
| 55423 | $85,182 |
| Richfield city | $85,132 |
| Hennepin County | $97,653 |
Get Median Household Income for all Zip Codes in Minnesota.
The average household income ($107,532) for 55423 is less than the average household income for 55419 ($193,594), 55410 ($214,991), 55417 ($148,025), 55435 ($110,379), 55420 ($108,066), 55431 ($121,644), and Hennepin County ($138,433). But it's more than 55425 ($101,847), 55450 ($-1), and Richfield city ($107,345).
| 55423 | $107,532 |
| Richfield city | $107,345 |
| Hennepin County | $138,433 |
Get Average Household Income for all Zip Codes in Minnesota.
The per-capita income for 55423 is $47,924. The per capita income ($47,924) for 55423 is less than the per capita income for 55410 ($90,906), 55417 ($64,671), 55419 ($77,923), 55431 ($54,370), 55435 ($60,475), and Hennepin County ($59,401). But it's more than 55420 ($42,049), 55425 ($42,563), 55450 ($-1), and Richfield city ($47,856).
| 55423 | $47,924 |
| Richfield city | $47,856 |
| Hennepin County | $59,401 |
Get Per-Capita Income for all Zip Codes in Minnesota.
11.7% of households make over $200,000 a year. The percent high income households (11.7%) for 55423 is less than the percent high income households for 55410 (35.5%), 55417 (22.9%), 55419 (36.9%), 55431 (14.1%), 55435 (13.0%), and Hennepin County (19.2%). But it's more than 55420 (10.3%), 55425 (8.1%), 55450 (0.0%), and Richfield city (11.6%).
| 55423 | 11.7% |
| Richfield city | 11.6% |
| Hennepin County | 19.2% |
Get High Income Households for all Zip Codes in Minnesota.
| under 25 years | 25 to 44 years | 45 to 64 years | 65 years and over | |
|---|---|---|---|---|
| 55423 | $60,278 | $99,028 | $97,703 | $59,323 |
| Richfield city | $60,278 | $98,681 | $97,669 | $59,323 |
| Hennepin County | $52,540 | $107,913 | $123,742 | $68,042 |
Get Median Household Income by Age of Householder for all Zip Codes in Minnesota.
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All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2024 5-year estimates. You can find this information and other demographics for 55423 on the US Census Bureau’s website. These values are in 2024 inflation-adjusted dollars and were downloaded on 29 January 2026.
Margins of error for the 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+ | |||||
| 55423 | +/-$4,434 | +/-$4,649 | +/-$1,971 | +/-1.5% | +/-$28,619 | +/-$6,945 | +/-$10,645 | +/-$5,564 |
| Richfield city | +/-$4,429 | +/-$4,660 | +/-$1,979 | +/-1.5% | +/-$28,619 | +/-$7,003 | +/-$10,782 | +/-$5,564 |
| Hennepin County | +/-$1,190 | +/-$1,439 | +/-$663 | +/-0.3% | +/-$3,766 | +/-$1,614 | +/-$3,107 | +/-$1,513 |