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55049 Income Statistics

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Comparison to Surrounding Areas

55049 Median Household Income

The median household income ($87,940) for 55049 is less than the median household income for Medford city ($98,036). But it's more than 56093 ($69,965), 55060 ($80,313), 55946 ($79,267), 55985 ($82,557), 55021 ($66,742), 55052 ($78,958), Steele County ($79,722), Rice County ($78,214), and Owatonna city ($78,295).

55049$87,940
Medford city$98,036
Owatonna city$78,295
Rice County$78,214
Steele County$79,722

55049 Average Household Income

The average household income ($98,851) for 55049 is less than the average household income for 55060 ($99,403), Rice County ($99,972), and Medford city ($105,345). But it's more than 55052 ($95,938), 55985 ($94,570), 56093 ($92,829), 55021 ($88,411), 55946 ($88,592), Steele County ($97,853), and Owatonna city ($96,813).

55049$98,851
Medford city$105,345
Owatonna city$96,813
Rice County$99,972
Steele County$97,853

55049 Per-Capita Income

The per-capita income for 55049 is $36,079. The per capita income ($36,079) for 55049 is less than the per capita income for 55985 ($36,227), 55052 ($39,207), 55060 ($41,359), 55946 ($36,630), Rice County ($37,050), Steele County ($40,146), Medford city ($38,652), and Owatonna city ($40,889). But it's more than 55021 ($34,198) and 56093 ($35,843).

55049$36,079
Medford city$38,652
Owatonna city$40,889
Rice County$37,050
Steele County$40,146

55049 High Income Households

6.8% of households make over $200,000 a year. The percent high income households (6.8%) for 55049 is more than 56093 (5.9%), 55052 (6.6%), 55060 (7.6%), 55946 (4.0%), 55985 (5.7%), 55021 (5.8%), Steele County (7.3%), Rice County (7.9%), Medford city (6.1%), and Owatonna city (7.1%).

550496.8%
Medford city6.1%
Owatonna city7.1%
Rice County7.9%
Steele County7.3%

55049 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55049$39,219$89,423$93,438$69,063
Medford city$-1$99,732$118,125$70,750
Owatonna city$45,114$88,352$97,723$52,110
Rice County$42,857$80,475$98,468$55,717
Steele County$46,071$89,478$99,521$52,350

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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 55049 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+
55049+/-$6,930+/-$7,263+/-$2,367+/-2.9%+/-$25,623+/-$14,278+/-$22,168+/-$11,756
Medford city+/-$11,976+/-$10,265+/-$3,415+/-3.2%+/-$-1+/-$8,758+/-$14,790+/-$10,979
Owatonna city+/-$5,356+/-$6,866+/-$2,762+/-2.0%+/-$22,785+/-$8,094+/-$12,425+/-$6,245
Rice County+/-$3,088+/-$3,571+/-$1,324+/-0.8%+/-$23,549+/-$4,251+/-$5,220+/-$4,318
Steele County+/-$3,847+/-$5,204+/-$2,054+/-1.5%+/-$19,296+/-$7,060+/-$8,586+/-$3,882