55305 Map

55305 Income Statistics

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Comparison to Surrounding Areas

55305 Median Household Income

The median household income ($104,380) for 55305 is less than the median household income for 55345 ($134,288), 55391 ($147,386), 55447 ($128,759), and Minnetonka city ($114,867). But it's more than 55343 ($79,726), 55426 ($92,245), 55441 ($99,017), Hennepin County ($92,595), and Hopkins city ($70,058).

55305$104,380
Hopkins city$70,058
Minnetonka city$114,867
Hennepin County$92,595

55305 Average Household Income

The average household income ($143,186) for 55305 is less than the average household income for 55345 ($163,330), 55391 ($265,001), 55441 ($144,854), 55447 ($162,693), and Minnetonka city ($155,963). But it's more than 55343 ($103,917), 55426 ($115,557), Hennepin County ($130,586), and Hopkins city ($90,781).

55305$143,186
Hopkins city$90,781
Minnetonka city$155,963
Hennepin County$130,586

55305 Per-Capita Income

The per-capita income for 55305 is $67,759. The per capita income ($67,759) for 55305 is less than the per capita income for 55391 ($113,130) and Minnetonka city ($69,529). But it's more than 55345 ($66,442), 55441 ($63,607), 55447 ($67,349), 55343 ($51,781), 55426 ($54,602), Hennepin County ($55,199), and Hopkins city ($45,327).

55305$67,759
Hopkins city$45,327
Minnetonka city$69,529
Hennepin County$55,199

55305 High Income Households

17.0% of households make over $200,000 a year. The percent high income households (17.0%) for 55305 is more than 55447 (26.2%), 55391 (37.4%), 55426 (12.3%), 55441 (22.0%), 55343 (10.0%), 55345 (29.2%), Hennepin County (17.2%), Hopkins city (7.8%), and Minnetonka city (22.9%).

5530517.0%
Hopkins city7.8%
Minnetonka city22.9%
Hennepin County17.2%

55305 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55305$34,980$131,938$120,952$67,804
Hopkins city$32,903$82,630$72,039$48,558
Minnetonka city$42,424$143,602$138,260$81,355
Hennepin County$46,678$102,800$114,722$64,906

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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 55305 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+
55305+/-$8,540+/-$9,558+/-$5,056+/-2.4%+/-$14,556+/-$14,753+/-$25,125+/-$7,395
Hopkins city+/-$8,603+/-$6,478+/-$3,348+/-2.1%+/-$6,096+/-$9,771+/-$18,343+/-$14,977
Minnetonka city+/-$4,733+/-$5,750+/-$2,780+/-1.7%+/-$33,826+/-$12,690+/-$10,877+/-$6,037
Hennepin County+/-$1,005+/-$1,140+/-$536+/-0.3%+/-$2,682+/-$1,642+/-$1,813+/-$1,337