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55920 Income Statistics

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Comparison to Surrounding Areas

55920 Median Household Income

The median household income ($127,566) for 55920 is less than the median household income for 55955 ($129,375). But it's more than 55976 ($94,107), 55960 ($118,750), 55963 ($100,977), 55901 ($85,890), 55902 ($107,017), 55940 ($79,310), 55944 ($92,342), Olmsted County ($90,420), and Byron city ($126,250).

55920$127,566
Byron city$126,250
Olmsted County$90,420

55920 Average Household Income

The average household income ($147,451) for 55920 is less than the average household income for 55902 ($174,953), 55955 ($148,688), and 55960 ($158,313). But it's more than 55940 ($94,818), 55963 ($115,344), 55976 ($106,321), 55901 ($107,025), 55944 ($113,488), Olmsted County ($122,239), and Byron city ($144,366).

55920$147,451
Byron city$144,366
Olmsted County$122,239

55920 Per-Capita Income

The per-capita income for 55920 is $53,331. The per capita income ($53,331) for 55920 is less than the per capita income for 55902 ($77,860), 55955 ($55,189), and 55960 ($57,730). But it's more than 55940 ($38,653), 55963 ($44,184), 55976 ($41,314), 55901 ($42,864), 55944 ($42,262), Olmsted County ($49,799), and Byron city ($51,185).

55920$53,331
Byron city$51,185
Olmsted County$49,799

55920 High Income Households

18.9% of households make over $200,000 a year. The percent high income households (18.9%) for 55920 is more than 55976 (8.1%), 55960 (21.7%), 55963 (11.0%), 55901 (9.2%), 55902 (27.5%), 55940 (7.1%), 55944 (7.7%), 55955 (20.6%), Olmsted County (13.9%), and Byron city (17.8%).

5592018.9%
Byron city17.8%
Olmsted County13.9%

55920 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
55920$68,750$128,261$157,500$53,060
Byron city$-1$126,222$153,750$46,765
Olmsted County$53,890$99,909$117,516$60,684

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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 55920 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+
55920+/-$10,734+/-$15,224+/-$5,319+/-4.9%+/-$67,527+/-$11,906+/-$13,873+/-$13,511
Byron city+/-$15,178+/-$19,934+/-$6,689+/-6.5%+/-$-1+/-$17,479+/-$22,999+/-$9,715
Olmsted County+/-$3,217+/-$2,670+/-$1,055+/-0.9%+/-$3,320+/-$5,589+/-$4,454+/-$4,727