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50040 Income Statistics

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Comparison to Surrounding Areas

50040 Median Household Income

The median household income ($45,625) for 50040 is less than the median household income for 50212 ($76,680), 50217 ($61,667), and Boone County ($75,759). But it's more than 50223 ($38,516). And it's the same as Boxholm city ($45,625).

50040$45,625
Boxholm city$45,625
Boone County$75,759

50040 Average Household Income

The average household income ($54,889) for 50040 is less than the average household income for 50212 ($97,289), 50217 ($77,896), and Boone County ($91,134). But it's more than 50223 ($44,929). And it's the same as Boxholm city ($54,889).

50040$54,889
Boxholm city$54,889
Boone County$91,134

50040 Per-Capita Income

The per-capita income for 50040 is $26,443. The per capita income ($26,443) for 50040 is less than the per capita income for 50212 ($40,363), 50217 ($36,295), and Boone County ($38,479). But it's more than 50223 ($23,669). And it's the same as Boxholm city ($26,443).

50040$26,443
Boxholm city$26,443
Boone County$38,479

50040 High Income Households

1.5% of households make over $200,000 a year. The percent high income households (1.5%) for 50040 is more than 50212 (6.6%), 50217 (3.1%), 50223 (0.0%), Boone County (5.6%), and Boxholm city (1.5%).

500401.5%
Boxholm city1.5%
Boone County5.6%

50040 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
50040$-1$44,000$53,750$45,625
Boxholm city$-1$44,000$53,750$45,625
Boone County$34,351$96,288$92,065$52,662

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About the Data

Sources & Margins of Error

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. You can find this information and other demographics for 50040 on the US Census Bureau’s website. 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
under 25 25 to 44 45 to 64 65+
50040+/-$9,835+/-$13,719+/-$7,627+/-3.1%+/-$-1+/-$38,658+/-$39,494+/-$20,112
Boxholm city+/-$9,835+/-$13,719+/-$7,627+/-3.1%+/-$-1+/-$38,658+/-$39,494+/-$20,112
Boone County+/-$5,710+/-$4,562+/-$1,708+/-1.1%+/-$5,716+/-$5,570+/-$6,051+/-$11,272