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The median household income ($116,536) for 55024 is less than the median household income for 55044 ($133,085), 55068 ($122,785), and Lakeville city ($129,069). But it's more than 55031 ($105,833), 55033 ($98,346), 55057 ($90,066), 55065 ($111,250), Dakota County ($101,360), and Farmington city ($114,737).
| 55024 | $116,536 |
| Farmington city | $114,737 |
| Lakeville city | $129,069 |
| Dakota County | $101,360 |
The average household income ($127,638) for 55024 is less than the average household income for 55044 ($160,237), 55068 ($143,708), and Lakeville city ($150,638). But it's more than 55031 ($121,986), 55033 ($115,616), 55057 ($112,143), 55065 ($126,694), Dakota County ($124,697), and Farmington city ($124,213).
| 55024 | $127,638 |
| Farmington city | $124,213 |
| Lakeville city | $150,638 |
| Dakota County | $124,697 |
The per-capita income for 55024 is $44,269. The per capita income ($44,269) for 55024 is less than the per capita income for 55033 ($46,425), 55065 ($45,635), 55068 ($51,702), 55031 ($45,324), 55044 ($56,277), Dakota County ($48,894), and Lakeville city ($52,634). But it's more than 55057 ($39,536) and Farmington city ($44,105).
| 55024 | $44,269 |
| Farmington city | $44,105 |
| Lakeville city | $52,634 |
| Dakota County | $48,894 |
14.1% of households make over $200,000 a year. The percent high income households (14.1%) for 55024 is more than 55068 (19.6%), 55044 (26.4%), 55057 (10.5%), 55065 (19.8%), 55031 (13.0%), 55033 (13.7%), Dakota County (15.3%), Farmington city (12.9%), and Lakeville city (23.4%).
| 55024 | 14.1% |
| Farmington city | 12.9% |
| Lakeville city | 23.4% |
| Dakota County | 15.3% |
| under 25 years | 25 to 44 years | 45 to 64 years | 65 years and over | |
|---|---|---|---|---|
| 55024 | $93,059 | $127,665 | $131,444 | $62,823 |
| Farmington city | $86,100 | $129,278 | $130,482 | $54,734 |
| Lakeville city | $96,835 | $134,313 | $148,456 | $66,088 |
| Dakota County | $68,279 | $110,560 | $126,253 | $64,353 |
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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. You can find this information and other demographics for 55024 on the US Census Bureau’s website. These values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.
| 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+ | |||||
| 55024 | +/-$5,297 | +/-$5,626 | +/-$1,797 | +/-2.1% | +/-$10,990 | +/-$12,448 | +/-$12,024 | +/-$12,358 |
| Farmington city | +/-$7,384 | +/-$5,839 | +/-$1,920 | +/-2.5% | +/-$20,736 | +/-$12,320 | +/-$14,820 | +/-$9,487 |
| Lakeville city | +/-$6,766 | +/-$5,368 | +/-$1,695 | +/-1.9% | +/-$33,203 | +/-$8,676 | +/-$7,267 | +/-$8,885 |
| Dakota County | +/-$1,174 | +/-$1,287 | +/-$494 | +/-0.5% | +/-$4,557 | +/-$2,190 | +/-$2,691 | +/-$2,015 |
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