Comparison to Surrounding Areas
The median household income ($76,500) for 56240 is less than the median household income for 56210 ($83,750), 56211 ($83,250), 56225 ($95,978), 56236 ($79,750), and Barry city ($83,750). But it's more than 56221 ($74,583), 56296 ($53,527), Big Stone County ($70,400), Traverse County ($62,989), and Graceville city ($66,111).
| 56240 | $76,500 |
| Barry city | $83,750 |
| Graceville city | $66,111 |
| Big Stone County | $70,400 |
| Traverse County | $62,989 |
Get Median Household Income for all Zip Codes in Minnesota.
The average household income ($98,514) for 56240 is less than the average household income for 56210 ($121,620), 56211 ($115,773), 56225 ($110,709), 56236 ($113,185), and Barry city ($121,620). But it's more than 56221 ($81,861), 56296 ($73,575), Big Stone County ($95,274), Traverse County ($83,949), and Graceville city ($89,575).
| 56240 | $98,514 |
| Barry city | $121,620 |
| Graceville city | $89,575 |
| Big Stone County | $95,274 |
| Traverse County | $83,949 |
Get Average Household Income for all Zip Codes in Minnesota.
The per-capita income for 56240 is $44,764. The per capita income ($44,764) for 56240 is less than the per capita income for 56210 ($54,519), 56211 ($49,693), 56225 ($46,282), and Barry city ($54,519). But it's more than 56221 ($38,813), 56236 ($42,824), 56296 ($35,888), Big Stone County ($41,277), Traverse County ($37,082), and Graceville city ($43,549).
| 56240 | $44,764 |
| Barry city | $54,519 |
| Graceville city | $43,549 |
| Big Stone County | $41,277 |
| Traverse County | $37,082 |
Get Per-Capita Income for all Zip Codes in Minnesota.
9.5% of households make over $200,000 a year. The percent high income households (9.5%) for 56240 is less than the percent high income households for 56210 (20.0%), 56236 (16.8%), and Barry city (20.0%). But it's more than 56211 (8.4%), 56221 (5.0%), 56225 (6.1%), 56296 (5.4%), Traverse County (7.9%), Big Stone County (7.4%), and Graceville city (7.3%).
| 56240 | 9.5% |
| Barry city | 20.0% |
| Graceville city | 7.3% |
| Big Stone County | 7.4% |
| Traverse County | 7.9% |
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 | |
|---|---|---|---|---|
| 56240 | $-1 | $103,333 | $133,750 | $42,500 |
| Barry city | $-1 | $-1 | $-1 | $80,000 |
| Graceville city | $-1 | $81,719 | $152,917 | $32,500 |
| Big Stone County | $50,893 | $82,981 | $95,250 | $52,050 |
| Traverse County | $46,346 | $54,323 | $76,875 | $53,309 |
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 56240 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+ | |||||
| 56240 | +/-$16,907 | +/-$10,169 | +/-$5,644 | +/-4.5% | +/-$-1 | +/-$32,338 | +/-$57,616 | +/-$14,324 |
| Barry city | +/-$72,672 | +/-$48,367 | +/-$24,878 | +/-29.4% | +/-$-1 | +/-$-1 | +/-$-1 | +/-$46,527 |
| Graceville city | +/-$13,457 | +/-$12,390 | +/-$7,250 | +/-4.1% | +/-$-1 | +/-$35,640 | +/-$70,664 | +/-$12,509 |
| Big Stone County | +/-$5,652 | +/-$6,064 | +/-$2,743 | +/-2.2% | +/-$13,675 | +/-$11,174 | +/-$10,945 | +/-$7,656 |
| Traverse County | +/-$7,635 | +/-$5,987 | +/-$2,741 | +/-2.3% | +/-$2,382 | +/-$15,752 | +/-$9,555 | +/-$6,463 |