55616 Income Statistics

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Comparison to Surrounding Areas

55616 Median Household Income

The median household income ($77,242) for 55616 is less than the median household income for 55803 ($104,250) and 55804 ($108,231). But it's more than 55750 ($64,653), 55602 ($56,667), 55607 ($67,500), 55609 ($76,538), 55614 ($74,313), 55601 ($54,375), St. Louis County ($69,455), Lake County ($75,621), Knife River CDP ($76,106), and Two Harbors city ($62,885).

55616	$77,242
Knife River CDP	$76,106
Two Harbors city	$62,885
Lake County	$75,621
St. Louis County	$69,455

55616 Average Household Income

The average household income ($88,953) for 55616 is less than the average household income for 55803 ($116,212), 55804 ($140,218), and St. Louis County ($90,610). But it's more than 55750 ($73,671), 55607 ($82,530), 55609 ($65,780), 55614 ($87,207), 55601 ($68,027), 55602 ($80,351), Lake County ($87,480), Knife River CDP ($60,689), and Two Harbors city ($71,727).

55616	$88,953
Knife River CDP	$60,689
Two Harbors city	$71,727
Lake County	$87,480
St. Louis County	$90,610

55616 Per-Capita Income

The per-capita income for 55616 is $38,712. The per capita income ($38,712) for 55616 is less than the per capita income for 55602 ($43,480), 55614 ($46,020), 55803 ($49,116), 55804 ($55,395), Lake County ($40,666), and St. Louis County ($39,778). But it's more than 55601 ($33,413), 55607 ($36,301), 55609 ($37,814), 55750 ($29,087), Knife River CDP ($35,323), and Two Harbors city ($30,912).

55616	$38,712
Knife River CDP	$35,323
Two Harbors city	$30,912
Lake County	$40,666
St. Louis County	$39,778

55616 High Income Households

4.4% of households make over $200,000 a year. The percent high income households (4.4%) for 55616 is less than the percent high income households for 55614 (4.9%), 55750 (4.5%), 55803 (11.0%), 55804 (15.6%), and St. Louis County (6.6%). But it's more than 55601 (3.2%), 55607 (3.9%), 55609 (0.0%), Lake County (4.3%), Knife River CDP (0.0%), and Two Harbors city (2.0%). And it's the same as 55602 (4.4%).

55616	4.4%
Knife River CDP	0.0%
Two Harbors city	2.0%
Lake County	4.3%
St. Louis County	6.6%

55616 Median Household Income by Age of Householder

	under 25 years	25 to 44 years	45 to 64 years	65 years and over
55616	$100,905	$83,315	$86,154	$57,824
Knife River CDP	$-1	$-1	$-1	$76,106
Two Harbors city	$-1	$70,515	$79,769	$39,773
Lake County	$101,234	$84,511	$83,623	$58,713
St. Louis County	$35,944	$85,256	$84,653	$53,378

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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 2023 5-year estimates. You can find this information and other demographics for 55616 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
	Median Household Income	Average Household Income	Per Capita Income	High Income Households	under 25	25 to 44	45 to 64	65+
55616	+/-$5,863	+/-$5,906	+/-$2,533	+/-1.5%	+/-$23,290	+/-$12,692	+/-$11,955	+/-$5,369
Knife River CDP	+/-$49,219	+/-$23,586	+/-$8,248	+/-27.3%	+/-$-1	+/-$-1	+/-$-1	+/-$49,219
Two Harbors city	+/-$5,582	+/-$6,244	+/-$2,979	+/-1.6%	+/-$-1	+/-$14,194	+/-$18,853	+/-$20,836
Lake County	+/-$3,303	+/-$4,238	+/-$2,164	+/-1.2%	+/-$4,703	+/-$12,680	+/-$4,857	+/-$6,263
St. Louis County	+/-$1,665	+/-$2,591	+/-$1,059	+/-0.5%	+/-$3,588	+/-$2,878	+/-$3,914	+/-$1,663