55720 Income Statistics

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Comparison to Surrounding Areas

55720 Median Household Income

The median household income ($62,750) for 55720 is less than the median household income for 55810 ($78,573), 55718 ($85,677), 55726 ($71,667), 55733 ($111,833), 55779 ($100,231), 55707 ($81,250), St. Louis County ($66,491), Carlton County ($74,660), Big Lake CDP ($75,313), and Scanlon city ($73,125). But it's more than 55711 ($52,500), 55780 ($57,813), Cloquet city ($59,647), and Mahnomen CDP ($12,000).

55720	$62,750
Big Lake CDP	$75,313
Cloquet city	$59,647
Mahnomen CDP	$12,000
Scanlon city	$73,125
Carlton County	$74,660
St. Louis County	$66,491

55720 Average Household Income

The average household income ($84,115) for 55720 is less than the average household income for 55810 ($91,361), 55718 ($94,950), 55733 ($129,603), 55779 ($116,770), 55707 ($90,007), St. Louis County ($86,713), Carlton County ($91,973), and Big Lake CDP ($117,225). But it's more than 55711 ($69,706), 55726 ($79,867), 55780 ($71,484), Cloquet city ($80,159), Mahnomen CDP ($35,450), and Scanlon city ($82,055).

55720	$84,115
Big Lake CDP	$117,225
Cloquet city	$80,159
Mahnomen CDP	$35,450
Scanlon city	$82,055
Carlton County	$91,973
St. Louis County	$86,713

55720 Per-Capita Income

The per-capita income for 55720 is $35,169. The per capita income ($35,169) for 55720 is less than the per capita income for 55810 ($39,013), 55718 ($36,373), 55733 ($48,479), 55779 ($43,842), Carlton County ($35,642), St. Louis County ($37,850), Big Lake CDP ($41,837), and Scanlon city ($36,720). But it's more than 55707 ($34,015), 55711 ($24,454), 55726 ($30,661), 55780 ($23,762), Cloquet city ($34,514), and Mahnomen CDP ($8,325).

55720	$35,169
Big Lake CDP	$41,837
Cloquet city	$34,514
Mahnomen CDP	$8,325
Scanlon city	$36,720
Carlton County	$35,642
St. Louis County	$37,850

55720 High Income Households

5.8% of households make over $200,000 a year. The percent high income households (5.8%) for 55720 is more than 55810 (4.5%), 55711 (3.2%), 55718 (5.5%), 55726 (4.0%), 55733 (15.5%), 55779 (11.0%), 55780 (6.0%), 55707 (3.3%), St. Louis County (6.0%), Carlton County (6.5%), Big Lake CDP (7.7%), Cloquet city (5.3%), Mahnomen CDP (5.3%), and Scanlon city (2.4%).

55720	5.8%
Big Lake CDP	7.7%
Cloquet city	5.3%
Mahnomen CDP	5.3%
Scanlon city	2.4%
Carlton County	6.5%
St. Louis County	6.0%

55720 Median Household Income by Age of Householder

	under 25 years	25 to 44 years	45 to 64 years	65 years and over
55720	$40,417	$82,771	$80,371	$47,147
Big Lake CDP	$-1	$110,417	$76,406	$51,875
Cloquet city	$41,127	$77,523	$71,714	$46,224
Mahnomen CDP	$-1	$-1	$-1	$-1
Scanlon city	$-1	$69,167	$93,125	$44,583
Carlton County	$42,255	$92,618	$88,254	$48,997
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 55720 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+
55720	+/-$3,749	+/-$5,653	+/-$2,927	+/-2.0%	+/-$8,855	+/-$12,426	+/-$9,022	+/-$2,759
Big Lake CDP	+/-$20,368	+/-$47,418	+/-$16,687	+/-6.1%	+/-$-1	+/-$16,401	+/-$25,842	+/-$16,832
Cloquet city	+/-$4,100	+/-$7,229	+/-$3,926	+/-2.5%	+/-$19,270	+/-$15,994	+/-$21,917	+/-$4,908
Mahnomen CDP	+/-$9,483	+/-$18,492	+/-$4,241	+/-7.6%	+/-$-1	+/-$-1	+/-$-1	+/-$-1
Scanlon city	+/-$21,660	+/-$9,459	+/-$3,916	+/-2.3%	+/-$-1	+/-$49,477	+/-$9,572	+/-$18,739
Carlton County	+/-$4,154	+/-$3,743	+/-$1,510	+/-1.4%	+/-$27,100	+/-$6,220	+/-$5,792	+/-$2,235
St. Louis County	+/-$1,525	+/-$2,515	+/-$1,109	+/-0.6%	+/-$3,485	+/-$2,912	+/-$3,964	+/-$1,225