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55397 Income Statistics

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Comparison to Surrounding Areas

55397 Median Household Income

The median household income ($77,250) for 55397 is less than the median household income for 55360 ($114,563), 55322 ($107,179), 55354 ($92,241), 55370 ($96,250), 55367 ($89,167), 55368 ($83,472), and Carver County ($116,308). But it's more than McLeod County ($73,296) and Norwood Young America city ($76,538).

55397$77,250
Norwood Young America city$76,538
Carver County$116,308
McLeod County$73,296

55397 Average Household Income

The average household income ($94,214) for 55397 is less than the average household income for 55360 ($126,478), 55322 ($123,808), 55354 ($103,795), 55370 ($102,602), 55367 ($108,369), 55368 ($105,911), and Carver County ($146,881). But it's more than McLeod County ($93,548) and Norwood Young America city ($86,717).

55397$94,214
Norwood Young America city$86,717
Carver County$146,881
McLeod County$93,548

55397 Per-Capita Income

The per-capita income for 55397 is $35,231. The per capita income ($35,231) for 55397 is less than the per capita income for 55370 ($35,402), 55367 ($40,879), 55368 ($42,769), 55322 ($50,286), 55354 ($38,408), 55360 ($43,906), McLeod County ($39,361), and Carver County ($55,216). But it's more than Norwood Young America city ($32,640).

55397$35,231
Norwood Young America city$32,640
Carver County$55,216
McLeod County$39,361

55397 High Income Households

4.5% of households make over $200,000 a year. The percent high income households (4.5%) for 55397 is more than 55370 (6.0%), 55360 (9.6%), 55367 (8.7%), 55368 (7.8%), 55322 (16.4%), 55354 (8.9%), McLeod County (6.9%), Carver County (22.7%), and Norwood Young America city (2.7%).

553974.5%
Norwood Young America city2.7%
Carver County22.7%
McLeod County6.9%

55397 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55397$-1$109,886$87,798$57,250
Norwood Young America city$-1$108,977$74,975$46,932
Carver County$57,308$134,894$142,733$62,512
McLeod County$44,974$87,861$93,750$50,974

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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 55397 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+
55397+/-$15,246+/-$9,288+/-$3,735+/-3.1%+/-$-1+/-$30,226+/-$32,994+/-$9,719
Norwood Young America city+/-$9,287+/-$8,098+/-$3,086+/-2.7%+/-$-1+/-$14,049+/-$19,859+/-$21,209
Carver County+/-$3,386+/-$3,447+/-$1,220+/-1.3%+/-$13,517+/-$8,792+/-$7,617+/-$4,143
McLeod County+/-$4,073+/-$5,914+/-$2,353+/-1.4%+/-$21,110+/-$6,243+/-$10,992+/-$5,649