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55388 Map

55388 Income Statistics

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Comparison to Surrounding Areas

55388 Median Household Income

The median household income ($96,198) for 55388 is less than the median household income for 55387 ($104,969), 55359 ($125,435), 55360 ($114,563), 55364 ($119,063), 55375 ($115,685), 55328 ($109,098), Wright County ($102,980), Carver County ($116,308), Minnetrista city ($162,474), and Watertown city ($101,667). But it's more than 55363 ($88,581) and Hennepin County ($92,595).

55388$96,198
Minnetrista city$162,474
Watertown city$101,667
Carver County$116,308
Hennepin County$92,595
Wright County$102,980

55388 Average Household Income

The average household income ($110,667) for 55388 is less than the average household income for 55387 ($129,725), 55328 ($131,648), 55359 ($216,050), 55360 ($126,478), 55364 ($160,635), 55375 ($142,009), Hennepin County ($130,586), Wright County ($117,983), Carver County ($146,881), Minnetrista city ($208,427), and Watertown city ($112,685). But it's more than 55363 ($91,824).

55388$110,667
Minnetrista city$208,427
Watertown city$112,685
Carver County$146,881
Hennepin County$130,586
Wright County$117,983

55388 Per-Capita Income

The per-capita income for 55388 is $42,328. The per capita income ($42,328) for 55388 is less than the per capita income for 55387 ($49,992), 55328 ($47,651), 55359 ($76,809), 55360 ($43,906), 55364 ($70,991), 55375 ($46,049), Hennepin County ($55,199), Wright County ($43,067), Carver County ($55,216), Minnetrista city ($69,671), and Watertown city ($42,718). But it's more than 55363 ($33,120).

55388$42,328
Minnetrista city$69,671
Watertown city$42,718
Carver County$55,216
Hennepin County$55,199
Wright County$43,067

55388 High Income Households

5.9% of households make over $200,000 a year. The percent high income households (5.9%) for 55388 is more than 55387 (18.3%), 55359 (32.6%), 55360 (9.6%), 55363 (2.2%), 55364 (25.4%), 55375 (17.9%), 55328 (17.0%), Hennepin County (17.2%), Wright County (11.4%), Carver County (22.7%), Minnetrista city (37.2%), and Watertown city (4.6%).

553885.9%
Minnetrista city37.2%
Watertown city4.6%
Carver County22.7%
Hennepin County17.2%
Wright County11.4%

55388 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55388$70,743$104,097$129,375$53,281
Minnetrista city$-1$187,734$182,500$88,214
Watertown city$70,676$102,708$145,136$62,604
Carver County$57,308$134,894$142,733$62,512
Hennepin County$46,678$102,800$114,722$64,906
Wright County$72,697$119,046$115,778$54,500

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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 55388 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+
55388+/-$13,865+/-$9,319+/-$4,308+/-2.9%+/-$18,466+/-$21,682+/-$33,651+/-$15,123
Minnetrista city+/-$20,379+/-$27,837+/-$8,643+/-7.1%+/-$-1+/-$43,758+/-$38,054+/-$22,341
Watertown city+/-$20,570+/-$10,832+/-$5,059+/-3.3%+/-$18,490+/-$28,643+/-$32,663+/-$28,819
Carver County+/-$3,386+/-$3,447+/-$1,220+/-1.3%+/-$13,517+/-$8,792+/-$7,617+/-$4,143
Hennepin County+/-$1,005+/-$1,140+/-$536+/-0.3%+/-$2,682+/-$1,642+/-$1,813+/-$1,337
Wright County+/-$3,863+/-$3,144+/-$1,015+/-1.1%+/-$15,750+/-$2,951+/-$7,412+/-$2,815