55960 Income Statistics

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Comparison to Surrounding Areas

55960 Median Household Income

The median household income ($118,750) for 55960 is less than the median household income for 55920 ($127,566) and Oronoco city ($153,393). But it's more than 55991 ($90,833), 55906 ($99,731), 55956 ($87,340), 55963 ($100,977), 55901 ($85,890), Olmsted County ($90,420), Pine Island city ($85,500), and Rochester city ($83,973).

55960	$118,750
Oronoco city	$153,393
Pine Island city	$85,500
Rochester city	$83,973
Olmsted County	$90,420

55960 Average Household Income

The average household income ($158,313) for 55960 is less than the average household income for Oronoco city ($171,402). But it's more than 55991 ($113,494), 55920 ($147,451), 55956 ($113,433), 55963 ($115,344), 55901 ($107,025), 55906 ($129,028), Olmsted County ($122,239), Pine Island city ($97,066), and Rochester city ($113,641).

55960	$158,313
Oronoco city	$171,402
Pine Island city	$97,066
Rochester city	$113,641
Olmsted County	$122,239

55960 Per-Capita Income

The per-capita income for 55960 is $57,730. The per capita income ($57,730) for 55960 is more than 55991 ($46,511), 55906 ($53,296), 55920 ($53,331), 55956 ($47,523), 55963 ($44,184), 55901 ($42,864), Olmsted County ($49,799), Oronoco city ($55,753), Pine Island city ($38,479), and Rochester city ($47,516).

55960	$57,730
Oronoco city	$55,753
Pine Island city	$38,479
Rochester city	$47,516
Olmsted County	$49,799

55960 High Income Households

21.7% of households make over $200,000 a year. The percent high income households (21.7%) for 55960 is more than 55991 (11.9%), 55906 (17.3%), 55920 (18.9%), 55956 (12.1%), 55963 (11.0%), 55901 (9.2%), Olmsted County (13.9%), Oronoco city (24.0%), Pine Island city (8.4%), and Rochester city (12.3%).

55960	21.7%
Oronoco city	24.0%
Pine Island city	8.4%
Rochester city	12.3%
Olmsted County	13.9%

55960 Median Household Income by Age of Householder

	under 25 years	25 to 44 years	45 to 64 years	65 years and over
55960	$-1	$158,125	$137,708	$62,321
Oronoco city	$-1	$175,000	$152,250	$71,071
Pine Island city	$-1	$103,456	$115,389	$51,164
Rochester city	$52,950	$94,164	$111,016	$57,558
Olmsted County	$53,890	$99,909	$117,516	$60,684

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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 55960 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+
55960	+/-$14,231	+/-$15,642	+/-$5,898	+/-3.8%	+/-$-1	+/-$38,805	+/-$16,802	+/-$11,207
Oronoco city	+/-$23,737	+/-$19,752	+/-$7,068	+/-5.8%	+/-$-1	+/-$18,426	+/-$20,082	+/-$8,123
Pine Island city	+/-$8,748	+/-$9,914	+/-$3,771	+/-4.2%	+/-$-1	+/-$20,367	+/-$24,810	+/-$14,269
Rochester city	+/-$2,920	+/-$3,175	+/-$1,246	+/-1.0%	+/-$8,961	+/-$4,562	+/-$5,569	+/-$6,262
Olmsted County	+/-$3,217	+/-$2,670	+/-$1,055	+/-0.9%	+/-$3,320	+/-$5,589	+/-$4,454	+/-$4,727