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The median household income ($123,582) for 55024 is less than the median household income for 55044 ($140,612), 55068 ($125,271), and Lakeville city ($138,119). But it's more than 55031 ($113,654), 55033 ($102,026), 55057 ($97,521), 55065 ($116,500), Dakota County ($105,212), and Farmington city ($118,556).
| 55024 | $123,582 |
| Farmington city | $118,556 |
| Lakeville city | $138,119 |
| Dakota County | $105,212 |
The average household income ($135,907) for 55024 is less than the average household income for 55044 ($170,042), 55068 ($150,505), and Lakeville city ($161,638). But it's more than 55031 ($127,426), 55033 ($117,540), 55057 ($115,330), 55065 ($135,690), Dakota County ($129,420), and Farmington city ($129,826).
| 55024 | $135,907 |
| Farmington city | $129,826 |
| Lakeville city | $161,638 |
| Dakota County | $129,420 |
The per-capita income for 55024 is $47,238. The per capita income ($47,238) for 55024 is less than the per capita income for 55031 ($50,372), 55033 ($47,269), 55044 ($59,644), 55068 ($54,598), Dakota County ($50,901), and Lakeville city ($56,494). But it's more than 55057 ($39,644), 55065 ($47,113), and Farmington city ($45,883).
| 55024 | $47,238 |
| Farmington city | $45,883 |
| Lakeville city | $56,494 |
| Dakota County | $50,901 |
19.1% of households make over $200,000 a year. The percent high income households (19.1%) for 55024 is less than the percent high income households for 55044 (28.3%), 55065 (22.8%), 55068 (22.2%), and Lakeville city (26.7%). But it's more than 55031 (12.4%), 55033 (14.6%), 55057 (11.0%), Dakota County (16.9%), and Farmington city (16.2%).
| 55024 | 19.1% |
| Farmington city | 16.2% |
| Lakeville city | 26.7% |
| Dakota County | 16.9% |
| under 25 years | 25 to 44 years | 45 to 64 years | 65 years and over | |
|---|---|---|---|---|
| 55024 | $76,540 | $132,576 | $141,886 | $65,341 |
| Farmington city | $76,228 | $133,137 | $137,266 | $57,432 |
| Lakeville city | $89,818 | $147,153 | $160,732 | $73,916 |
| Dakota County | $69,939 | $114,662 | $131,787 | $68,515 |
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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 2023 5-year estimates. You can find this information and other demographics for 55024 on the US Census Bureau’s website. These values are in 2023 inflation-adjusted dollars and were downloaded on 12 December 2024.
| 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 | +/-$9,078 | +/-$5,503 | +/-$1,891 | +/-2.6% | +/-$16,233 | +/-$9,617 | +/-$12,590 | +/-$12,612 |
| Farmington city | +/-$6,765 | +/-$5,729 | +/-$2,076 | +/-2.4% | +/-$9,593 | +/-$11,249 | +/-$10,520 | +/-$10,913 |
| Lakeville city | +/-$3,690 | +/-$5,639 | +/-$1,862 | +/-2.2% | +/-$19,837 | +/-$10,346 | +/-$10,018 | +/-$6,284 |
| Dakota County | +/-$1,290 | +/-$1,516 | +/-$592 | +/-0.6% | +/-$7,513 | +/-$2,658 | +/-$2,706 | +/-$2,741 |
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