55616 Income Statistics

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Comparison to Surrounding Areas

55616 Median Household Income

The median household income ($75,966) for 55616 is less than the median household income for 55803 ($99,619) and 55804 ($103,176). But it's more than 55750 ($70,750), 55602 ($61,250), 55607 ($61,042), 55609 ($73,958), 55614 ($69,924), 55601 ($71,875), St. Louis County ($66,491), Lake County ($73,860), Knife River CDP ($73,583), and Two Harbors city ($63,565).

55616	$75,966
Knife River CDP	$73,583
Two Harbors city	$63,565
Lake County	$73,860
St. Louis County	$66,491

55616 Average Household Income

The average household income ($86,603) for 55616 is less than the average household income for 55601 ($87,010), 55614 ($88,454), 55803 ($112,828), 55804 ($132,807), and St. Louis County ($86,713). But it's more than 55602 ($83,358), 55607 ($80,709), 55609 ($62,532), 55750 ($73,187), Lake County ($85,459), Knife River CDP ($58,062), and Two Harbors city ($70,986).

55616	$86,603
Knife River CDP	$58,062
Two Harbors city	$70,986
Lake County	$85,459
St. Louis County	$86,713

55616 Per-Capita Income

The per-capita income for 55616 is $38,489. The per capita income ($38,489) for 55616 is less than the per capita income for 55601 ($38,509), 55602 ($46,833), 55614 ($45,877), 55803 ($48,300), 55804 ($52,008), and Lake County ($39,930). But it's more than 55607 ($32,376), 55609 ($36,710), 55750 ($29,762), St. Louis County ($37,850), Knife River CDP ($34,633), and Two Harbors city ($32,222).

55616	$38,489
Knife River CDP	$34,633
Two Harbors city	$32,222
Lake County	$39,930
St. Louis County	$37,850

55616 High Income Households

5.4% of households make over $200,000 a year. The percent high income households (5.4%) for 55616 is more than 55804 (14.5%), 55609 (0.0%), 55614 (5.3%), 55750 (0.8%), 55803 (9.9%), 55601 (14.7%), 55602 (5.4%), 55607 (4.3%), St. Louis County (6.0%), Lake County (4.8%), Knife River CDP (0.0%), and Two Harbors city (1.8%).

55616	5.4%
Knife River CDP	0.0%
Two Harbors city	1.8%
Lake County	4.8%
St. Louis County	6.0%

55616 Median Household Income by Age of Householder

	under 25 years	25 to 44 years	45 to 64 years	65 years and over
55616	$98,889	$87,793	$85,139	$56,354
Knife River CDP	$-1	$-1	$-1	$73,583
Two Harbors city	$110,170	$72,847	$77,056	$40,583
Lake County	$99,219	$88,591	$81,750	$57,661
St. Louis County	$32,962	$81,189	$79,808	$51,597

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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 55616 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
	Median Household Income	Average Household Income	Per Capita Income	High Income Households	under 25	25 to 44	45 to 64	65+
55616	+/-$4,258	+/-$5,313	+/-$2,272	+/-1.9%	+/-$3,656	+/-$13,800	+/-$13,507	+/-$6,144
Knife River CDP	+/-$27,000	+/-$21,248	+/-$7,615	+/-25.1%	+/-$-1	+/-$-1	+/-$-1	+/-$27,000
Two Harbors city	+/-$7,834	+/-$6,877	+/-$3,398	+/-1.5%	+/-$102,691	+/-$14,425	+/-$25,046	+/-$20,937
Lake County	+/-$3,386	+/-$4,188	+/-$2,131	+/-1.4%	+/-$11,149	+/-$8,982	+/-$6,210	+/-$5,802
St. Louis County	+/-$1,525	+/-$2,515	+/-$1,109	+/-0.6%	+/-$3,485	+/-$2,912	+/-$3,964	+/-$1,225