55387 Income Statistics

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Comparison to Surrounding Areas

55387 Median Household Income

The median household income ($104,969) for 55387 is less than the median household income for 55331 ($156,308), 55375 ($115,685), 55386 ($173,536), 55322 ($107,179), 55360 ($114,563), Carver County ($116,308), and Minnetrista city ($162,474). But it's more than 55318 ($103,285), 55388 ($96,198), Hennepin County ($92,595), and Waconia city ($101,619).

55387	$104,969
Minnetrista city	$162,474
Waconia city	$101,619
Carver County	$116,308
Hennepin County	$92,595

55387 Average Household Income

The average household income ($129,725) for 55387 is less than the average household income for 55318 ($132,895), 55331 ($237,717), 55375 ($142,009), 55386 ($194,344), Hennepin County ($130,586), Carver County ($146,881), and Minnetrista city ($208,427). But it's more than 55322 ($123,808), 55360 ($126,478), 55388 ($110,667), and Waconia city ($125,276).

55387	$129,725
Minnetrista city	$208,427
Waconia city	$125,276
Carver County	$146,881
Hennepin County	$130,586

55387 Per-Capita Income

The per-capita income for 55387 is $49,992. The per capita income ($49,992) for 55387 is less than the per capita income for 55318 ($51,620), 55322 ($50,286), 55331 ($91,390), 55386 ($68,264), Hennepin County ($55,199), Carver County ($55,216), and Minnetrista city ($69,671). But it's more than 55360 ($43,906), 55375 ($46,049), 55388 ($42,328), and Waconia city ($48,432).

55387	$49,992
Minnetrista city	$69,671
Waconia city	$48,432
Carver County	$55,216
Hennepin County	$55,199

55387 High Income Households

18.3% of households make over $200,000 a year. The percent high income households (18.3%) for 55387 is more than 55388 (5.9%), 55331 (41.0%), 55360 (9.6%), 55375 (17.9%), 55386 (40.7%), 55318 (17.6%), 55322 (16.4%), Hennepin County (17.2%), Carver County (22.7%), Minnetrista city (37.2%), and Waconia city (17.3%).

55387	18.3%
Minnetrista city	37.2%
Waconia city	17.3%
Carver County	22.7%
Hennepin County	17.2%

55387 Median Household Income by Age of Householder

	under 25 years	25 to 44 years	45 to 64 years	65 years and over
55387	$55,505	$140,431	$132,860	$55,024
Minnetrista city	$-1	$187,734	$182,500	$88,214
Waconia city	$-1	$133,500	$129,491	$47,788
Carver County	$57,308	$134,894	$142,733	$62,512
Hennepin County	$46,678	$102,800	$114,722	$64,906

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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 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
	Median Household Income	Average Household Income	Per Capita Income	High Income Households	under 25	25 to 44	45 to 64	65+
55387	+/-$12,168	+/-$9,242	+/-$3,172	+/-3.2%	+/-$50,166	+/-$22,651	+/-$12,753	+/-$16,330
Minnetrista city	+/-$20,379	+/-$27,837	+/-$8,643	+/-7.1%	+/-$-1	+/-$43,758	+/-$38,054	+/-$22,341
Waconia city	+/-$11,510	+/-$10,147	+/-$3,563	+/-3.6%	+/-$-1	+/-$24,451	+/-$17,020	+/-$16,261
Carver County	+/-$3,386	+/-$3,447	+/-$1,220	+/-1.3%	+/-$13,517	+/-$8,792	+/-$7,617	+/-$4,143
Hennepin County	+/-$1,005	+/-$1,140	+/-$536	+/-0.3%	+/-$2,682	+/-$1,642	+/-$1,813	+/-$1,337