55316 Map

55316 Income Statistics

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Comparison to Surrounding Areas

55316 Median Household Income

The median household income ($115,719) for 55316 is less than the median household income for 55327 ($133,721). But it's more than 55303 ($101,351), 55369 ($112,541), 55433 ($80,213), 55443 ($88,220), 55445 ($103,227), and Hennepin County ($96,339). And it's the same as Champlin city ($115,719).

55316$115,719
Champlin city$115,719
Hennepin County$96,339

55316 Average Household Income

The average household income ($133,534) for 55316 is less than the average household income for 55327 ($171,761), 55369 ($139,988), and Hennepin County ($135,302). But it's more than 55303 ($114,692), 55433 ($91,308), 55443 ($114,956), and 55445 ($119,514). And it's the same as Champlin city ($133,534).

55316$133,534
Champlin city$133,534
Hennepin County$135,302

55316 Per-Capita Income

The per-capita income for 55316 is $49,859. The per capita income ($49,859) for 55316 is less than the per capita income for 55327 ($66,574), 55369 ($58,626), and Hennepin County ($57,633). But it's more than 55303 ($44,303), 55433 ($38,709), 55443 ($41,264), and 55445 ($42,191). And it's the same as Champlin city ($49,859).

55316$49,859
Champlin city$49,859
Hennepin County$57,633

55316 High Income Households

19.3% of households make over $200,000 a year. The percent high income households (19.3%) for 55316 is less than the percent high income households for 55327 (30.6%). But it's more than 55303 (11.4%), 55369 (18.4%), 55433 (6.0%), 55443 (13.4%), 55445 (13.7%), and Hennepin County (18.5%). And it's the same as Champlin city (19.3%).

5531619.3%
Champlin city19.3%
Hennepin County18.5%

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$134,688$132,429$76,128
Champlin city$-1$134,688$132,429$76,128
Hennepin County$50,750$106,132$120,758$67,362

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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 2023 5-year estimates. You can find this information and other demographics for 55316 on the US Census Bureau’s website. These values are in 2023 inflation-adjusted dollars and were downloaded on 12 December 2024.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2023 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+/-$9,530+/-$7,087+/-$3,139+/-3.7%+/-$-1+/-$13,162+/-$10,144+/-$9,601
Champlin city+/-$9,530+/-$7,087+/-$3,139+/-3.7%+/-$-1+/-$13,162+/-$10,144+/-$9,601
Hennepin County+/-$1,033+/-$1,202+/-$564+/-0.4%+/-$3,219+/-$2,031+/-$3,168+/-$1,681