56031 Income Statistics

Comparison to Surrounding Areas

56031 Median Household Income

The median household income ($54,847) for 56031 is less than the median household income for 56039 ($84,342), 56088 ($71,354), 56181 ($55,750), 50514 ($73,000), 56075 ($73,750), Martin County ($59,507), and Northrop city ($67,083). But it's more than 56121 ($49,042) and Fairmont city ($53,084).

56031$54,847
Fairmont city$53,084
Northrop city$67,083
Martin County$59,507

Get Median Household Income for all Zip Codes in Minnesota.

56031 Average Household Income

The average household income ($82,249) for 56031 is less than the average household income for 56039 ($93,123) and Martin County ($82,458). But it's more than 56075 ($77,050), 56121 ($65,433), 56181 ($65,836), 50514 ($82,143), 56088 ($81,611), Northrop city ($76,602), and Fairmont city ($78,558).

56031$82,249
Fairmont city$78,558
Northrop city$76,602
Martin County$82,458

Get Average Household Income for all Zip Codes in Minnesota.

56031 Per-Capita Income

The per-capita income for 56031 is $39,004. The per capita income ($39,004) for 56031 is more than 56181 ($27,445), 56075 ($30,340), 56088 ($33,702), 56121 ($31,183), 50514 ($37,607), 56039 ($36,946), Martin County ($37,332), Fairmont city ($37,825), and Northrop city ($31,660).

56031$39,004
Fairmont city$37,825
Northrop city$31,660
Martin County$37,332

Get Per-Capita Income for all Zip Codes in Minnesota.

56031 High Income Households

5.9% of households make over $200,000 a year. The percent high income households (5.9%) for 56031 is more than 56181 (2.6%), 56075 (0.0%), 56088 (3.4%), 56121 (1.1%), 50514 (1.1%), 56039 (5.2%), Martin County (5.6%), Fairmont city (5.4%), and Northrop city (0.0%).

560315.9%
Fairmont city5.4%
Northrop city0.0%
Martin County5.6%

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56031 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56031$-1$56,094$86,882$41,660
Fairmont city$-1$54,182$86,161$37,578
Northrop city$-1$102,500$92,679$37,500
Martin County$56,875$67,829$86,476$43,670

Get Median Household Income by Age of Householder for all Zip Codes in Minnesota.

56031 Map

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About the Data

Data Sources

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 56031 on the US Census Bureau’s website. These values are in 2024 inflation-adjusted dollars and were downloaded on 29 January 2026.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars) By Age Of Householder

Margins of Error

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+
56031+/-$3,964+/-$7,751+/-$3,617+/-2.0%+/-$-1+/-$9,774+/-$13,640+/-$8,160
Fairmont city+/-$3,861+/-$8,592+/-$4,068+/-2.1%+/-$-1+/-$7,019+/-$11,975+/-$9,439
Northrop city+/-$32,685+/-$9,906+/-$3,233+/-19.8%+/-$-1+/-$27,862+/-$23,987+/-$10,604
Martin County+/-$3,542+/-$4,587+/-$2,107+/-1.2%+/-$29,060+/-$12,970+/-$9,124+/-$4,892