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55040 Income Statistics

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Comparison to Surrounding Areas

55040 Median Household Income

The median household income ($82,440) for 55040 is less than the median household income for 55398 ($104,864), 55079 ($104,770), 55371 ($89,238), 55005 ($105,625), 55056 ($94,631), 55070 ($97,808), Isanti County ($84,063), and St. Francis city ($98,390). But it's more than 55008 ($80,877), Cambridge city ($64,286), and Isanti city ($76,146).

55040$82,440
Cambridge city$64,286
Isanti city$76,146
St. Francis city$98,390
Isanti County$84,063

55040 Average Household Income

The average household income ($98,659) for 55040 is less than the average household income for 55005 ($115,970), 55056 ($114,712), 55070 ($105,130), 55079 ($117,591), 55398 ($116,081), and St. Francis city ($105,635). But it's more than 55008 ($91,919), 55371 ($96,925), Isanti County ($98,379), Cambridge city ($76,531), and Isanti city ($86,240).

55040$98,659
Cambridge city$76,531
Isanti city$86,240
St. Francis city$105,635
Isanti County$98,379

55040 Per-Capita Income

The per-capita income for 55040 is $36,996. The per capita income ($36,996) for 55040 is less than the per capita income for 55005 ($43,108), 55008 ($39,053), 55056 ($44,041), 55079 ($44,812), 55398 ($41,348), and Isanti County ($38,609). But it's more than 55070 ($36,694), 55371 ($36,383), Cambridge city ($33,056), Isanti city ($32,781), and St. Francis city ($36,568).

55040$36,996
Cambridge city$33,056
Isanti city$32,781
St. Francis city$36,568
Isanti County$38,609

55040 High Income Households

6.2% of households make over $200,000 a year. The percent high income households (6.2%) for 55040 is more than 55398 (10.9%), 55056 (10.2%), 55070 (6.5%), 55079 (9.5%), 55371 (4.2%), 55005 (11.5%), 55008 (7.3%), Isanti County (7.6%), Cambridge city (4.7%), Isanti city (3.3%), and St. Francis city (6.2%).

550406.2%
Cambridge city4.7%
Isanti city3.3%
St. Francis city6.2%
Isanti County7.6%

55040 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55040$80,441$108,977$90,815$52,957
Cambridge city$38,478$78,267$92,206$34,370
Isanti city$66,607$103,523$67,875$44,583
St. Francis city$-1$108,262$123,438$59,559
Isanti County$49,821$94,318$98,956$50,339

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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 55040 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+
55040+/-$9,023+/-$6,899+/-$2,481+/-2.2%+/-$29,903+/-$8,950+/-$13,756+/-$9,000
Cambridge city+/-$6,752+/-$5,755+/-$2,674+/-2.6%+/-$29,662+/-$16,287+/-$19,694+/-$3,726
Isanti city+/-$14,280+/-$8,074+/-$3,326+/-2.8%+/-$35,241+/-$29,850+/-$22,512+/-$20,890
St. Francis city+/-$6,873+/-$6,122+/-$2,549+/-2.7%+/-$-1+/-$7,007+/-$29,746+/-$24,259
Isanti County+/-$3,713+/-$3,162+/-$1,232+/-1.2%+/-$31,163+/-$8,369+/-$4,465+/-$4,481