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55345 Income Statistics

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Comparison to Surrounding Areas

55345 Median Household Income

The median household income ($134,288) for 55345 is less than the median household income for 55331 ($156,308), 55346 ($134,315), and 55391 ($147,386). But it's more than 55305 ($104,380), 55317 ($126,455), 55343 ($79,726), 55344 ($90,861), Hennepin County ($92,595), and Minnetonka city ($114,867).

55345$134,288
Minnetonka city$114,867
Hennepin County$92,595

55345 Average Household Income

The average household income ($163,330) for 55345 is less than the average household income for 55317 ($174,570), 55331 ($237,717), and 55391 ($265,001). But it's more than 55305 ($143,186), 55343 ($103,917), 55344 ($119,120), 55346 ($159,130), Hennepin County ($130,586), and Minnetonka city ($155,963).

55345$163,330
Minnetonka city$155,963
Hennepin County$130,586

55345 Per-Capita Income

The per-capita income for 55345 is $66,442. The per capita income ($66,442) for 55345 is less than the per capita income for 55305 ($67,759), 55317 ($66,618), 55331 ($91,390), 55391 ($113,130), and Minnetonka city ($69,529). But it's more than 55343 ($51,781), 55344 ($53,937), 55346 ($60,402), and Hennepin County ($55,199).

55345$66,442
Minnetonka city$69,529
Hennepin County$55,199

55345 High Income Households

29.2% of households make over $200,000 a year. The percent high income households (29.2%) for 55345 is more than 55391 (37.4%), 55344 (11.8%), 55346 (28.0%), 55305 (17.0%), 55317 (32.5%), 55331 (41.0%), 55343 (10.0%), Hennepin County (17.2%), and Minnetonka city (22.9%).

5534529.2%
Minnetonka city22.9%
Hennepin County17.2%

55345 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55345$-1$176,719$153,685$86,652
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 55345 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+
55345+/-$7,125+/-$9,040+/-$3,523+/-2.7%+/-$-1+/-$11,521+/-$8,363+/-$13,319
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