55423 Map

55423 Income Statistics

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Comparison to Surrounding Areas

55423 Median Household Income

The median household income ($84,102) for 55423 is less than the median household income for 55410 ($144,973), 55417 ($122,639), 55419 ($143,254), 55431 ($103,125), and Hennepin County ($96,339). But it's more than 55420 ($77,539), 55425 ($68,517), 55435 ($75,829), 55450 ($-1), and Richfield city ($84,055).

55423$84,102
Richfield city$84,055
Hennepin County$96,339

55423 Average Household Income

The average household income ($106,518) for 55423 is less than the average household income for 55410 ($205,390), 55417 ($142,945), 55419 ($186,648), 55431 ($119,172), 55435 ($106,977), and Hennepin County ($135,302). But it's more than 55420 ($97,658), 55425 ($92,794), 55450 ($-1), and Richfield city ($106,445).

55423$106,518
Richfield city$106,445
Hennepin County$135,302

55423 Per-Capita Income

The per-capita income for 55423 is $46,976. The per capita income ($46,976) for 55423 is less than the per capita income for 55410 ($86,094), 55417 ($61,464), 55419 ($73,455), 55431 ($52,333), 55435 ($59,808), and Hennepin County ($57,633). But it's more than 55420 ($39,087), 55425 ($39,892), 55450 ($-1), and Richfield city ($46,914).

55423$46,976
Richfield city$46,914
Hennepin County$57,633

55423 High Income Households

11% of households make over $200,000 a year. The percent high income households (11.0%) for 55423 is less than the percent high income households for 55410 (34.8%), 55417 (21.4%), 55419 (34.3%), 55431 (13.3%), 55435 (12.7%), and Hennepin County (18.5%). But it's more than 55420 (8.7%), 55425 (6.3%), and 55450 (-1.0%). And it's the same as Richfield city (11.0%).

5542311.0%
Richfield city11.0%
Hennepin County18.5%

55423 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55423$61,645$95,824$95,000$65,934
Richfield city$61,645$95,926$95,000$65,934
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 55423 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+
55423+/-$3,298+/-$4,517+/-$1,691+/-1.6%+/-$22,240+/-$4,729+/-$7,741+/-$8,714
Richfield city+/-$3,302+/-$4,511+/-$1,689+/-1.6%+/-$22,240+/-$4,709+/-$7,791+/-$8,714
Hennepin County+/-$1,033+/-$1,202+/-$564+/-0.4%+/-$3,219+/-$2,031+/-$3,168+/-$1,681