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55414 Map

55414 Income Statistics

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Comparison to Surrounding Areas

55414 Median Household Income

The median household income ($47,479) for 55414 is less than the median household income for 55413 ($78,064), 55401 ($118,188), 55406 ($87,751), 55104 ($70,280), 55108 ($85,318), 55113 ($84,854), 55114 ($68,242), Hennepin County ($92,595), and Minneapolis city ($76,332). But it's more than 55454 ($24,660) and 55455 ($-1).

55414$47,479
Minneapolis city$76,332
Hennepin County$92,595

55414 Average Household Income

The average household income ($74,771) for 55414 is less than the average household income for 55413 ($101,666), 55401 ($160,952), 55406 ($107,717), 55104 ($95,909), 55108 ($118,091), 55113 ($116,801), 55114 ($89,344), Hennepin County ($130,586), and Minneapolis city ($108,980). But it's more than 55454 ($34,434) and 55455 ($-1).

55414$74,771
Minneapolis city$108,980
Hennepin County$130,586

55414 Per-Capita Income

The per-capita income for 55414 is $30,950. The per capita income ($30,950) for 55414 is less than the per capita income for 55413 ($52,689), 55401 ($111,370), 55406 ($50,257), 55104 ($40,810), 55108 ($53,067), 55113 ($51,525), 55114 ($49,227), Hennepin County ($55,199), and Minneapolis city ($48,373). But it's more than 55454 ($15,084) and 55455 ($5,378).

55414$30,950
Minneapolis city$48,373
Hennepin County$55,199

55414 High Income Households

7.5% of households make over $200,000 a year. The percent high income households (7.5%) for 55414 is more than 55455 (0.0%), 55413 (10.8%), 55454 (0.0%), 55104 (9.6%), 55108 (11.1%), 55113 (12.6%), 55114 (8.0%), 55401 (19.3%), 55406 (11.8%), Hennepin County (17.2%), and Minneapolis city (12.6%).

554147.5%
Minneapolis city12.6%
Hennepin County17.2%

55414 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55414$31,714$63,467$56,045$91,490
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 55414 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+
55414+/-$5,864+/-$5,168+/-$2,264+/-1.5%+/-$5,918+/-$10,541+/-$16,291+/-$6,529
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