56240 Income Statistics

Comparison to Surrounding Areas

56240 Median Household Income

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

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56240 Average Household Income

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.

56240 Per-Capita Income

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.

56240 High Income Households

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%).

562409.5%
Barry city20.0%
Graceville city7.3%
Big Stone County7.4%
Traverse County7.9%

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56240 Median Household Income by Age of Householder

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.

56240 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 56240 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+
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