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55409 Income Statistics

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Comparison to Surrounding Areas

55409 Median Household Income

The median household income ($94,162) for 55409 is less than the median household income for 55410 ($146,724) and 55419 ($135,769). But it's more than 55407 ($74,518), 55408 ($70,158), Hennepin County ($92,595), and Minneapolis city ($76,332).

55409$94,162
Minneapolis city$76,332
Hennepin County$92,595

55409 Average Household Income

The average household income ($124,669) for 55409 is less than the average household income for 55410 ($201,229), 55419 ($181,509), and Hennepin County ($130,586). But it's more than 55407 ($95,147), 55408 ($97,359), and Minneapolis city ($108,980).

55409$124,669
Minneapolis city$108,980
Hennepin County$130,586

55409 Per-Capita Income

The per-capita income for 55409 is $54,814. The per capita income ($54,814) for 55409 is less than the per capita income for 55410 ($82,783), 55419 ($71,372), and Hennepin County ($55,199). But it's more than 55407 ($38,584), 55408 ($50,766), and Minneapolis city ($48,373).

55409$54,814
Minneapolis city$48,373
Hennepin County$55,199

55409 High Income Households

15.0% of households make over $200,000 a year. The percent high income households (15.0%) for 55409 is more than 55407 (7.6%), 55408 (10.0%), 55410 (34.2%), 55419 (31.5%), Hennepin County (17.2%), and Minneapolis city (12.6%).

5540915.0%
Minneapolis city12.6%
Hennepin County17.2%

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$96,667$118,860$63,696
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 55409 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+
55409+/-$7,741+/-$9,904+/-$4,541+/-3.0%+/-$-1+/-$8,384+/-$12,796+/-$3,807
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