56007 Map

56007 Income Statistics

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Comparison to Surrounding Areas

56007 Median Household Income

The median household income ($66,479) for 56007 is less than the median household income for 56045 ($70,714), 55912 ($68,205), 56009 ($82,632), 56016 ($85,938), 56036 ($70,862), 56042 ($80,500), 56043 ($93,333), and Freeborn County ($69,012). But it's more than 56029 ($61,094), 56089 ($55,333), Albert Lea city ($62,522), and Manchester city ($57,500).

56007$66,479
Albert Lea city$62,522
Manchester city$57,500
Freeborn County$69,012

56007 Average Household Income

The average household income ($89,724) for 56007 is less than the average household income for 56009 ($101,663), 56016 ($114,010), 56042 ($97,707), 56043 ($99,568), and Freeborn County ($90,460). But it's more than 56029 ($73,345), 56045 ($85,849), 56089 ($63,096), 55912 ($83,638), 56036 ($81,122), Manchester city ($54,020), and Albert Lea city ($85,100).

56007$89,724
Albert Lea city$85,100
Manchester city$54,020
Freeborn County$90,460

56007 Per-Capita Income

The per-capita income for 56007 is $38,836. The per capita income ($38,836) for 56007 is less than the per capita income for 56009 ($41,003), 56016 ($44,974), 56042 ($40,329), and 56043 ($43,390). But it's more than 56089 ($29,270), 56029 ($33,606), 56036 ($35,264), 56045 ($33,217), 55912 ($32,739), Freeborn County ($38,696), Albert Lea city ($37,796), and Manchester city ($25,187).

56007$38,836
Albert Lea city$37,796
Manchester city$25,187
Freeborn County$38,696

56007 High Income Households

6% of households make over $200,000 a year. The percent high income households (6.0%) for 56007 is less than the percent high income households for 56009 (6.8%), 56016 (8.8%), 56042 (7.1%), 56043 (8.2%), and 56045 (6.1%). But it's more than 55912 (5.3%), 56029 (3.0%), 56036 (2.7%), 56089 (2.2%), Freeborn County (5.9%), Albert Lea city (5.1%), and Manchester city (0.0%).

560076.0%
Albert Lea city5.1%
Manchester city0.0%
Freeborn County5.9%

56007 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56007$43,611$83,917$81,476$42,429
Albert Lea city$41,250$77,471$79,574$40,159
Manchester city$-1$63,438$-1$-1
Freeborn County$47,411$84,338$83,232$46,526

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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 2023 5-year estimates. You can find this information and other demographics for 56007 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
under 25 25 to 44 45 to 64 65+
56007+/-$4,029+/-$9,847+/-$4,062+/-1.4%+/-$20,162+/-$12,586+/-$6,862+/-$5,937
Albert Lea city+/-$6,220+/-$11,129+/-$4,755+/-1.6%+/-$19,852+/-$15,781+/-$6,614+/-$4,511
Manchester city+/-$27,957+/-$21,680+/-$15,124+/-52.0%+/-$-1+/-$53,323+/-$-1+/-$-1
Freeborn County+/-$2,229+/-$7,117+/-$2,842+/-1.1%+/-$17,665+/-$8,667+/-$6,977+/-$3,063