55031 Map

55031 Income Statistics

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Comparison to Surrounding Areas

55031 Median Household Income

The median household income ($113,654) for 55031 is less than the median household income for 55024 ($123,582) and 55065 ($116,500). But it's more than 55009 ($89,023), 55033 ($102,026), Dakota County ($105,212), Hampton city ($106,111), and New Trier city ($94,063).

55031$113,654
Hampton city$106,111
New Trier city$94,063
Dakota County$105,212

55031 Average Household Income

The average household income ($127,426) for 55031 is less than the average household income for 55024 ($135,907), 55065 ($135,690), and Dakota County ($129,420). But it's more than 55009 ($106,280), 55033 ($117,540), Hampton city ($123,897), and New Trier city ($100,361).

55031$127,426
Hampton city$123,897
New Trier city$100,361
Dakota County$129,420

55031 Per-Capita Income

The per-capita income for 55031 is $50,372. The per capita income ($50,372) for 55031 is less than the per capita income for Dakota County ($50,901). But it's more than 55009 ($44,646), 55024 ($47,238), 55033 ($47,269), 55065 ($47,113), Hampton city ($45,325), and New Trier city ($43,332).

55031$50,372
Hampton city$45,325
New Trier city$43,332
Dakota County$50,901

55031 High Income Households

12.4% of households make over $200,000 a year. The percent high income households (12.4%) for 55031 is less than the percent high income households for 55024 (19.1%), 55033 (14.6%), 55065 (22.8%), and Dakota County (16.9%). But it's more than 55009 (10.3%), Hampton city (10.3%), and New Trier city (12.1%).

5503112.4%
Hampton city10.3%
New Trier city12.1%
Dakota County16.9%

55031 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55031$-1$131,500$122,000$74,688
Hampton city$-1$122,083$96,875$-1
New Trier city$-1$106,250$86,250$83,750
Dakota County$69,939$114,662$131,787$68,515

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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 2023 5-year estimates. You can find this information and other demographics for 55031 on the US Census Bureau’s website. These values are in 2023 inflation-adjusted dollars and were downloaded on 12 December 2024.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2023 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+/-$9,255+/-$10,452+/-$3,573+/-3.9%+/-$-1+/-$12,646+/-$16,802+/-$30,522
Hampton city+/-$4,699+/-$17,366+/-$7,323+/-5.1%+/-$-1+/-$25,718+/-$16,364+/-$-1
New Trier city+/-$29,174+/-$27,895+/-$8,462+/-12.5%+/-$-1+/-$65,910+/-$57,158+/-$35,275
Dakota County+/-$1,290+/-$1,516+/-$592+/-0.6%+/-$7,513+/-$2,658+/-$2,706+/-$2,741