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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 ($92,273) for 55388 is less than 55387 ($109,279), 55359 ($129,508), 55360 ($118,036), 55363 ($98,287), 55364 ($111,083), 55375 ($136,250), 55328 ($118,036), Hennepin County ($96,339), Wright County ($106,666), Carver County ($123,144), Minnetrista city ($156,346), and Watertown city ($93,008).

55388$92,273
Minnetrista city$156,346
Watertown city$93,008
Carver County$123,144
Hennepin County$96,339
Wright County$106,666

55388 Average Household Income

The average household income ($107,645) for 55388 is less than the average household income for 55387 ($131,941), 55359 ($198,696), 55360 ($132,416), 55364 ($171,987), 55375 ($166,421), 55328 ($143,797), Hennepin County ($135,302), Wright County ($123,045), Carver County ($154,466), and Minnetrista city ($198,510). But it's more than 55363 ($99,692) and Watertown city ($107,297).

55388$107,645
Minnetrista city$198,510
Watertown city$107,297
Carver County$154,466
Hennepin County$135,302
Wright County$123,045

55388 Per-Capita Income

The per-capita income for 55388 is $41,807. The per capita income ($41,807) for 55388 is less than the per capita income for 55387 ($51,790), 55359 ($72,411), 55360 ($45,311), 55364 ($77,130), 55375 ($55,512), 55328 ($52,589), Hennepin County ($57,633), Wright County ($44,946), Carver County ($58,254), and Minnetrista city ($68,976). But it's more than 55363 ($35,380) and Watertown city ($41,419).

55388$41,807
Minnetrista city$68,976
Watertown city$41,419
Carver County$58,254
Hennepin County$57,633
Wright County$44,946

55388 High Income Households

11.6% of households make over $200,000 a year. The percent high income households (11.6%) for 55388 is less than the percent high income households for 55387 (19.1%), 55328 (18.2%), 55359 (33.4%), 55360 (12.9%), 55364 (28.2%), 55375 (25.3%), Hennepin County (18.5%), Wright County (13.1%), Carver County (25.1%), Minnetrista city (37.7%), and Watertown city (11.7%). But it's more than 55363 (7.5%).

5538811.6%
Minnetrista city37.7%
Watertown city11.7%
Carver County25.1%
Hennepin County18.5%
Wright County13.1%

55388 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55388$73,514$97,375$140,259$51,629
Minnetrista city$-1$188,000$173,697$92,120
Watertown city$73,345$96,952$155,588$49,872
Carver County$70,321$143,743$153,862$67,675
Hennepin County$50,750$106,132$120,758$67,362
Wright County$76,932$125,335$119,944$55,642

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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 55388 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+
55388+/-$12,306+/-$7,799+/-$3,600+/-5.0%+/-$20,892+/-$4,862+/-$34,907+/-$16,637
Minnetrista city+/-$36,532+/-$22,959+/-$8,304+/-7.6%+/-$-1+/-$59,515+/-$52,092+/-$20,869
Watertown city+/-$15,451+/-$9,699+/-$4,514+/-6.7%+/-$21,562+/-$4,196+/-$40,546+/-$16,399
Carver County+/-$3,157+/-$4,079+/-$1,437+/-1.3%+/-$20,319+/-$6,856+/-$11,948+/-$3,892
Hennepin County+/-$1,033+/-$1,202+/-$564+/-0.4%+/-$3,219+/-$2,031+/-$3,168+/-$1,681
Wright County+/-$3,433+/-$2,922+/-$1,016+/-1.1%+/-$15,991+/-$3,417+/-$5,970+/-$3,292