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55601 Income Statistics

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Comparison to Surrounding Areas

55601 Median Household Income

The median household income ($71,875) for 55601 is less than the median household income for 55616 ($75,966) and Lake County ($73,860). But it's more than 55614 ($69,924) and Beaver Bay city ($68,333).

55601$71,875
Beaver Bay city$68,333
Lake County$73,860

55601 Average Household Income

The average household income ($87,010) for 55601 is less than the average household income for 55614 ($88,454). But it's more than 55616 ($86,603), Lake County ($85,459), and Beaver Bay city ($65,852).

55601$87,010
Beaver Bay city$65,852
Lake County$85,459

55601 Per-Capita Income

The per-capita income for 55601 is $38,509. The per capita income ($38,509) for 55601 is less than the per capita income for 55614 ($45,877) and Lake County ($39,930). But it's more than 55616 ($38,489) and Beaver Bay city ($32,805).

55601$38,509
Beaver Bay city$32,805
Lake County$39,930

55601 High Income Households

14.7% of households make over $200,000 a year. The percent high income households (14.7%) for 55601 is more than 55614 (5.3%), 55616 (5.4%), Lake County (4.8%), and Beaver Bay city (4.5%).

5560114.7%
Beaver Bay city4.5%
Lake County4.8%

55601 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55601$-1$-1$-1$71,250
Beaver Bay city$-1$2,499$101,250$68,750
Lake County$99,219$88,591$81,750$57,661

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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 55601 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+
55601+/-$10,927+/-$31,710+/-$13,556+/-17.2%+/-$-1+/-$-1+/-$-1+/-$7,824
Beaver Bay city+/-$52,617+/-$28,285+/-$13,698+/-7.4%+/-$-1+/-$-1+/-$51,026+/-$54,087
Lake County+/-$3,386+/-$4,188+/-$2,131+/-1.4%+/-$11,149+/-$8,982+/-$6,210+/-$5,802