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The median household income ($83,906) for 55940 is less than the median household income for 55927 ($91,536), 55973 ($88,750), 55982 ($111,667), 55920 ($126,102), 55944 ($90,673), Olmsted County ($93,494), and Dodge County ($92,943). But it's more than 55917 ($76,310), 55976 ($79,044), Mower County ($71,495), and Hayfield city ($69,688).
| 55940 | $83,906 |
| Hayfield city | $69,688 |
| Dodge County | $92,943 |
| Mower County | $71,495 |
| Olmsted County | $93,494 |
The average household income ($98,325) for 55940 is less than the average household income for 55982 ($252,835), 55973 ($117,627), 55976 ($106,256), 55920 ($148,704), 55927 ($109,118), 55944 ($115,554), Olmsted County ($128,162), and Dodge County ($113,969). But it's more than 55917 ($94,264), Mower County ($91,617), and Hayfield city ($78,410).
| 55940 | $98,325 |
| Hayfield city | $78,410 |
| Dodge County | $113,969 |
| Mower County | $91,617 |
| Olmsted County | $128,162 |
The per-capita income for 55940 is $39,922. The per capita income ($39,922) for 55940 is less than the per capita income for 55982 ($61,708), 55973 ($50,615), 55976 ($41,674), 55920 ($52,935), 55927 ($43,894), 55944 ($42,789), Olmsted County ($52,059), and Dodge County ($43,903). But it's more than 55917 ($38,776), Mower County ($35,609), and Hayfield city ($32,928).
| 55940 | $39,922 |
| Hayfield city | $32,928 |
| Dodge County | $43,903 |
| Mower County | $35,609 |
| Olmsted County | $52,059 |
7.3% of households make over $200,000 a year. The percent high income households (7.3%) for 55940 is less than the percent high income households for 55982 (38.4%), 55973 (11.3%), 55976 (8.9%), 55920 (21.1%), 55927 (11.1%), 55944 (7.7%), Olmsted County (15.5%), and Dodge County (10.4%). But it's more than 55917 (6.6%), Mower County (6.7%), and Hayfield city (1.1%).
| 55940 | 7.3% |
| Hayfield city | 1.1% |
| Dodge County | 10.4% |
| Mower County | 6.7% |
| Olmsted County | 15.5% |
| under 25 years | 25 to 44 years | 45 to 64 years | 65 years and over | |
|---|---|---|---|---|
| 55940 | $35,083 | $109,250 | $99,412 | $53,958 |
| Hayfield city | $-1 | $91,346 | $75,469 | $39,375 |
| Dodge County | $60,117 | $107,500 | $112,969 | $56,886 |
| Mower County | $68,427 | $82,438 | $83,528 | $55,487 |
| Olmsted County | $53,985 | $105,936 | $121,425 | $64,164 |
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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 55940 on the US Census Bureau’s website. These values are in 2023 inflation-adjusted dollars and were downloaded on 12 December 2024.
| 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+ | |||||
| 55940 | +/-$12,998 | +/-$7,201 | +/-$2,653 | +/-2.1% | +/-$11,092 | +/-$17,324 | +/-$16,267 | +/-$19,095 |
| Hayfield city | +/-$7,411 | +/-$8,786 | +/-$3,177 | +/-0.9% | +/-$-1 | +/-$25,690 | +/-$15,012 | +/-$20,933 |
| Dodge County | +/-$3,341 | +/-$7,124 | +/-$2,729 | +/-1.8% | +/-$23,901 | +/-$8,992 | +/-$9,019 | +/-$7,817 |
| Mower County | +/-$4,338 | +/-$3,742 | +/-$1,224 | +/-1.0% | +/-$6,484 | +/-$6,061 | +/-$5,609 | +/-$5,291 |
| Olmsted County | +/-$3,355 | +/-$3,338 | +/-$1,317 | +/-1.0% | +/-$10,264 | +/-$4,894 | +/-$5,316 | +/-$3,388 |
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