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55060 Income Statistics

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Comparison to Surrounding Areas

55060 Median Household Income

The median household income ($80,313) for 55060 is less than the median household income for 55049 ($87,940), 55985 ($82,557), and 56026 ($90,167). But it's more than 55917 ($70,536), 55924 ($80,000), 56046 ($67,500), 56093 ($69,965), Steele County ($79,722), and Owatonna city ($78,295).

55060$80,313
Owatonna city$78,295
Steele County$79,722

55060 Average Household Income

The average household income ($99,403) for 55060 is more than 56093 ($92,829), 56026 ($93,240), 56046 ($73,152), 55049 ($98,851), 55917 ($89,493), 55924 ($92,860), 55985 ($94,570), Steele County ($97,853), and Owatonna city ($96,813).

55060$99,403
Owatonna city$96,813
Steele County$97,853

55060 Per-Capita Income

The per-capita income for 55060 is $41,359. The per capita income ($41,359) for 55060 is more than 56093 ($35,843), 56026 ($39,056), 56046 ($23,364), 55049 ($36,079), 55917 ($34,614), 55924 ($36,157), 55985 ($36,227), Steele County ($40,146), and Owatonna city ($40,889).

55060$41,359
Owatonna city$40,889
Steele County$40,146

55060 High Income Households

7.6% of households make over $200,000 a year. The percent high income households (7.6%) for 55060 is more than 56093 (5.9%), 56026 (5.4%), 56046 (0.0%), 55049 (6.8%), 55917 (5.8%), 55924 (4.2%), 55985 (5.7%), Steele County (7.3%), and Owatonna city (7.1%).

550607.6%
Owatonna city7.1%
Steele County7.3%

55060 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55060$45,089$89,003$100,574$52,881
Owatonna city$45,114$88,352$97,723$52,110
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 55060 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+
55060+/-$3,743+/-$6,307+/-$2,561+/-1.8%+/-$21,329+/-$7,198+/-$13,723+/-$4,738
Owatonna city+/-$5,356+/-$6,866+/-$2,762+/-2.0%+/-$22,785+/-$8,094+/-$12,425+/-$6,245
Steele County+/-$3,847+/-$5,204+/-$2,054+/-1.5%+/-$19,296+/-$7,060+/-$8,586+/-$3,882