55409 Map

55409 Income Statistics

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Comparison to Surrounding Areas

55409 Median Household Income

The median household income ($98,056) for 55409 is less than the median household income for 55410 ($144,973) and 55419 ($143,254). But it's more than 55407 ($78,206), 55408 ($72,421), Hennepin County ($96,339), and Minneapolis city ($80,269).

55409$98,056
Minneapolis city$80,269
Hennepin County$96,339

55409 Average Household Income

The average household income ($125,111) for 55409 is less than the average household income for 55410 ($205,390), 55419 ($186,648), and Hennepin County ($135,302). But it's more than 55407 ($101,109), 55408 ($99,219), and Minneapolis city ($112,607).

55409$125,111
Minneapolis city$112,607
Hennepin County$135,302

55409 Per-Capita Income

The per-capita income for 55409 is $56,287. The per capita income ($56,287) for 55409 is less than the per capita income for 55410 ($86,094), 55419 ($73,455), and Hennepin County ($57,633). But it's more than 55407 ($40,939), 55408 ($52,740), and Minneapolis city ($50,605).

55409$56,287
Minneapolis city$50,605
Hennepin County$57,633

55409 High Income Households

15.5% of households make over $200,000 a year. The percent high income households (15.5%) for 55409 is less than the percent high income households for 55410 (34.8%), 55419 (34.3%), and Hennepin County (18.5%). But it's more than 55407 (9.2%), 55408 (10.3%), and Minneapolis city (13.8%).

5540915.5%
Minneapolis city13.8%
Hennepin County18.5%

55409 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55409$-1$103,224$122,854$67,438
Minneapolis city$43,333$91,467$93,401$57,144
Hennepin County$50,750$106,132$120,758$67,362

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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 55409 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+
55409+/-$7,578+/-$8,981+/-$3,919+/-3.2%+/-$-1+/-$16,802+/-$18,002+/-$8,030
Minneapolis city+/-$1,569+/-$2,269+/-$1,007+/-0.6%+/-$3,086+/-$1,889+/-$5,461+/-$3,062
Hennepin County+/-$1,033+/-$1,202+/-$564+/-0.4%+/-$3,219+/-$2,031+/-$3,168+/-$1,681