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55423 Income Statistics

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Comparison to Surrounding Areas

55423 Median Household Income

The median household income ($80,744) for 55423 is less than the median household income for 55410 ($146,724), 55417 ($117,475), 55419 ($135,769), 55431 ($105,290), and Hennepin County ($92,595). But it's more than 55420 ($73,527), 55425 ($65,810), 55435 ($71,664), 55450 ($-1), and Richfield city ($80,712).

55423$80,744
Richfield city$80,712
Hennepin County$92,595

55423 Average Household Income

The average household income ($101,853) for 55423 is less than the average household income for 55410 ($201,229), 55417 ($134,948), 55419 ($181,509), 55431 ($116,760), and Hennepin County ($130,586). But it's more than 55420 ($89,405), 55425 ($85,172), 55435 ($100,978), 55450 ($-1), and Richfield city ($101,792).

55423$101,853
Richfield city$101,792
Hennepin County$130,586

55423 Per-Capita Income

The per-capita income for 55423 is $44,113. The per capita income ($44,113) for 55423 is less than the per capita income for 55410 ($82,783), 55417 ($57,329), 55419 ($71,372), 55431 ($50,864), 55435 ($56,148), and Hennepin County ($55,199). But it's more than 55420 ($36,415), 55425 ($35,507), 55450 ($-1), and Richfield city ($44,059).

55423$44,113
Richfield city$44,059
Hennepin County$55,199

55423 High Income Households

9.8% of households make over $200,000 a year. The percent high income households (9.8%) for 55423 is more than 55450 (-1.0%), 55431 (12.9%), 55435 (11.1%), 55410 (34.2%), 55417 (18.3%), 55419 (31.5%), 55420 (6.6%), 55425 (4.8%), Hennepin County (17.2%), and Richfield city (9.8%).

554239.8%
Richfield city9.8%
Hennepin County17.2%

55423 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55423$47,040$89,728$90,238$66,124
Richfield city$47,040$89,814$90,278$66,124
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 55423 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+
55423+/-$3,277+/-$4,332+/-$1,528+/-1.5%+/-$9,153+/-$5,821+/-$7,704+/-$5,461
Richfield city+/-$3,303+/-$4,358+/-$1,536+/-1.5%+/-$9,153+/-$6,071+/-$7,829+/-$5,461
Hennepin County+/-$1,005+/-$1,140+/-$536+/-0.3%+/-$2,682+/-$1,642+/-$1,813+/-$1,337