55416 Map

55416 Income Statistics

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Comparison to Surrounding Areas

55416 Median Household Income

The median household income ($105,926) for 55416 is less than the median household income for 55410 ($144,973), 55424 ($241,875), 55436 ($132,487), Edina city ($129,225), and Golden Valley city ($114,435). But it's more than 55427 ($92,013), 55408 ($72,421), 55422 ($91,173), 55426 ($96,887), 55343 ($82,415), 55405 ($70,425), Hennepin County ($96,339), Minneapolis city ($80,269), and St. Louis Park city ($100,250).

55416$105,926
Edina city$129,225
Golden Valley city$114,435
Minneapolis city$80,269
St. Louis Park city$100,250
Hennepin County$96,339

55416 Average Household Income

The average household income ($145,944) for 55416 is less than the average household income for 55410 ($205,390), 55424 ($340,154), 55436 ($218,152), Edina city ($205,682), and Golden Valley city ($161,246). But it's more than 55427 ($113,783), 55408 ($99,219), 55422 ($127,636), 55426 ($117,740), 55343 ($105,834), 55405 ($110,663), Hennepin County ($135,302), Minneapolis city ($112,607), and St. Louis Park city ($127,020).

55416$145,944
Edina city$205,682
Golden Valley city$161,246
Minneapolis city$112,607
St. Louis Park city$127,020
Hennepin County$135,302

55416 Per-Capita Income

The per-capita income for 55416 is $74,673. The per capita income ($74,673) for 55416 is less than the per capita income for 55410 ($86,094), 55424 ($119,374), 55436 ($92,161), and Edina city ($88,868). But it's more than 55427 ($49,082), 55405 ($55,059), 55408 ($52,740), 55422 ($55,995), 55426 ($55,213), 55343 ($54,599), Hennepin County ($57,633), Golden Valley city ($71,455), Minneapolis city ($50,605), and St. Louis Park city ($62,550).

55416$74,673
Edina city$88,868
Golden Valley city$71,455
Minneapolis city$50,605
St. Louis Park city$62,550
Hennepin County$57,633

55416 High Income Households

22% of households make over $200,000 a year. The percent high income households (22.0%) for 55416 is less than the percent high income households for 55410 (34.8%), 55424 (58.0%), 55436 (34.7%), Edina city (33.3%), and Golden Valley city (25.0%). But it's more than 55427 (12.8%), 55408 (10.3%), 55422 (14.4%), 55426 (13.2%), 55343 (10.5%), 55405 (13.7%), Hennepin County (18.5%), Minneapolis city (13.8%), and St. Louis Park city (16.7%).

5541622.0%
Edina city33.3%
Golden Valley city25.0%
Minneapolis city13.8%
St. Louis Park city16.7%
Hennepin County18.5%

55416 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55416$66,750$116,019$136,598$74,966
Edina city$51,172$150,337$200,047$79,831
Golden Valley city$73,289$149,784$120,594$67,361
Minneapolis city$43,333$91,467$93,401$57,144
St. Louis Park city$67,917$113,775$121,661$62,203
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 55416 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+
55416+/-$6,993+/-$8,242+/-$4,237+/-2.4%+/-$4,689+/-$8,558+/-$7,166+/-$7,067
Edina city+/-$8,474+/-$9,795+/-$4,097+/-2.3%+/-$15,975+/-$19,989+/-$13,675+/-$5,240
Golden Valley city+/-$7,644+/-$12,854+/-$5,305+/-2.8%+/-$16,311+/-$16,961+/-$13,319+/-$5,984
Minneapolis city+/-$1,569+/-$2,269+/-$1,007+/-0.6%+/-$3,086+/-$1,889+/-$5,461+/-$3,062
St. Louis Park city+/-$4,674+/-$5,111+/-$2,551+/-1.9%+/-$11,927+/-$6,615+/-$10,592+/-$4,909
Hennepin County+/-$1,033+/-$1,202+/-$564+/-0.4%+/-$3,219+/-$2,031+/-$3,168+/-$1,681