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55031 Income Statistics

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Comparison to Surrounding Areas

55031 Median Household Income

The median household income ($105,833) for 55031 is less than the median household income for 55024 ($116,536) and 55065 ($111,250). But it's more than 55009 ($84,236), 55033 ($98,346), Dakota County ($101,360), Hampton city ($92,188), and New Trier city ($91,250).

55031$105,833
Hampton city$92,188
New Trier city$91,250
Dakota County$101,360

55031 Average Household Income

The average household income ($121,986) for 55031 is less than the average household income for 55024 ($127,638), 55065 ($126,694), and Dakota County ($124,697). But it's more than 55009 ($102,767), 55033 ($115,616), Hampton city ($95,367), and New Trier city ($94,596).

55031$121,986
Hampton city$95,367
New Trier city$94,596
Dakota County$124,697

55031 Per-Capita Income

The per-capita income for 55031 is $45,324. The per capita income ($45,324) for 55031 is less than the per capita income for 55033 ($46,425), 55065 ($45,635), and Dakota County ($48,894). But it's more than 55009 ($42,767), 55024 ($44,269), Hampton city ($34,369), and New Trier city ($34,451).

55031$45,324
Hampton city$34,369
New Trier city$34,451
Dakota County$48,894

55031 High Income Households

13.0% of households make over $200,000 a year. The percent high income households (13.0%) for 55031 is more than 55009 (10.1%), 55024 (14.1%), 55033 (13.7%), 55065 (19.8%), Dakota County (15.3%), Hampton city (6.7%), and New Trier city (10.7%).

5503113.0%
Hampton city6.7%
New Trier city10.7%
Dakota County15.3%

55031 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55031$167,813$112,500$109,375$92,083
Hampton city$-1$105,938$70,250$86,250
New Trier city$-1$82,500$92,500$110,000
Dakota County$68,279$110,560$126,253$64,353

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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 55031 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+
55031+/-$9,478+/-$9,896+/-$4,374+/-3.3%+/-$92,016+/-$19,594+/-$19,833+/-$44,922
Hampton city+/-$12,668+/-$12,066+/-$4,795+/-3.6%+/-$-1+/-$29,773+/-$23,586+/-$40,637
New Trier city+/-$17,616+/-$16,453+/-$9,125+/-9.1%+/-$-1+/-$33,896+/-$38,631+/-$90,111
Dakota County+/-$1,174+/-$1,287+/-$494+/-0.5%+/-$4,557+/-$2,190+/-$2,691+/-$2,015