55403 Map

55403 Income Statistics

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Comparison to Surrounding Areas

55403 Median Household Income

The median household income ($58,895) for 55403 is less than the median household income for 55401 ($118,188), 55402 ($73,508), 55405 ($66,901), Hennepin County ($92,595), and Minneapolis city ($76,332). But it's more than 55404 ($40,817).

55403$58,895
Minneapolis city$76,332
Hennepin County$92,595

55403 Average Household Income

The average household income ($100,893) for 55403 is less than the average household income for 55401 ($160,952), 55405 ($108,154), Hennepin County ($130,586), and Minneapolis city ($108,980). But it's more than 55402 ($92,029) and 55404 ($60,946).

55403$100,893
Minneapolis city$108,980
Hennepin County$130,586

55403 Per-Capita Income

The per-capita income for 55403 is $67,098. The per capita income ($67,098) for 55403 is less than the per capita income for 55401 ($111,370). But it's more than 55402 ($57,063), 55404 ($27,729), 55405 ($54,616), Hennepin County ($55,199), and Minneapolis city ($48,373).

55403$67,098
Minneapolis city$48,373
Hennepin County$55,199

55403 High Income Households

9.8% of households make over $200,000 a year. The percent high income households (9.8%) for 55403 is more than 55401 (19.3%), 55402 (6.8%), 55404 (5.0%), 55405 (12.1%), Hennepin County (17.2%), and Minneapolis city (12.6%).

554039.8%
Minneapolis city12.6%
Hennepin County17.2%

55403 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55403$35,109$62,796$54,683$71,667
Minneapolis city$41,369$86,499$86,818$54,736
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 55403 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+
55403+/-$6,331+/-$10,769+/-$6,437+/-2.0%+/-$10,151+/-$5,813+/-$13,569+/-$15,624
Minneapolis city+/-$1,389+/-$2,030+/-$897+/-0.5%+/-$3,326+/-$2,080+/-$4,415+/-$2,553
Hennepin County+/-$1,005+/-$1,140+/-$536+/-0.3%+/-$2,682+/-$1,642+/-$1,813+/-$1,337