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55316 Map

55316 Income Statistics

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Comparison to Surrounding Areas

55316 Median Household Income

The median household income ($113,570) for 55316 is less than the median household income for 55327 ($145,278). But it's more than 55303 ($100,722), 55369 ($109,543), 55433 ($77,721), 55443 ($87,306), 55445 ($101,820), and Hennepin County ($92,595). And it's the same as Champlin city ($113,570).

55316$113,570
Champlin city$113,570
Hennepin County$92,595

55316 Average Household Income

The average household income ($131,211) for 55316 is less than the average household income for 55327 ($189,486) and 55369 ($137,567). But it's more than 55303 ($115,054), 55433 ($88,436), 55443 ($111,645), 55445 ($117,397), and Hennepin County ($130,586). And it's the same as Champlin city ($131,211).

55316$131,211
Champlin city$131,211
Hennepin County$130,586

55316 Per-Capita Income

The per-capita income for 55316 is $48,641. The per capita income ($48,641) for 55316 is less than the per capita income for 55327 ($72,750), 55369 ($56,493), and Hennepin County ($55,199). But it's more than 55303 ($43,858), 55433 ($37,299), 55443 ($41,295), and 55445 ($41,102). And it's the same as Champlin city ($48,641).

55316$48,641
Champlin city$48,641
Hennepin County$55,199

55316 High Income Households

17.0% of households make over $200,000 a year. The percent high income households (17.0%) for 55316 is more than 55445 (12.7%), 55433 (4.4%), 55443 (12.2%), 55303 (12.0%), 55327 (30.0%), 55369 (17.0%), Hennepin County (17.2%), and Champlin city (17.0%).

5531617.0%
Champlin city17.0%
Hennepin County17.2%

55316 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55316$-1$126,750$132,846$69,853
Champlin city$-1$126,750$132,846$69,853
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 55316 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+
55316+/-$7,521+/-$6,573+/-$3,029+/-2.7%+/-$-1+/-$16,780+/-$19,856+/-$8,686
Champlin city+/-$7,521+/-$6,573+/-$3,029+/-2.7%+/-$-1+/-$16,780+/-$19,856+/-$8,686
Hennepin County+/-$1,005+/-$1,140+/-$536+/-0.3%+/-$2,682+/-$1,642+/-$1,813+/-$1,337