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56007 Income Statistics

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Comparison to Surrounding Areas

56007 Median Household Income

The median household income ($62,113) for 56007 is less than the median household income for 56045 ($70,769), 55912 ($63,467), 56009 ($83,000), 56016 ($69,375), 56036 ($68,359), 56042 ($77,188), 56043 ($81,750), and Freeborn County ($65,679). But it's more than 56029 ($59,750), 56089 ($53,000), Albert Lea city ($56,347), and Manchester city ($61,250).

56007$62,113
Albert Lea city$56,347
Manchester city$61,250
Freeborn County$65,679

56007 Average Household Income

The average household income ($84,625) for 56007 is less than the average household income for 56036 ($89,544), 56009 ($100,011), 56016 ($95,533), 56045 ($85,672), 56042 ($94,663), 56043 ($94,090), and Freeborn County ($86,121). But it's more than 55912 ($79,102), 56029 ($70,142), 56089 ($60,702), Albert Lea city ($78,782), and Manchester city ($62,968).

56007$84,625
Albert Lea city$78,782
Manchester city$62,968
Freeborn County$86,121

56007 Per-Capita Income

The per-capita income for 56007 is $36,432. The per capita income ($36,432) for 56007 is less than the per capita income for 56009 ($41,003), 56016 ($38,309), 56036 ($38,926), 56042 ($37,055), 56043 ($40,718), and Freeborn County ($36,751). But it's more than 55912 ($31,540), 56029 ($34,590), 56045 ($31,552), 56089 ($27,981), Albert Lea city ($34,747), and Manchester city ($23,796).

56007$36,432
Albert Lea city$34,747
Manchester city$23,796
Freeborn County$36,751

56007 High Income Households

5.3% of households make over $200,000 a year. The percent high income households (5.3%) for 56007 is more than 56089 (0.0%), 56042 (7.0%), 56043 (9.2%), 56045 (5.4%), 55912 (4.2%), 56009 (6.0%), 56016 (5.0%), 56029 (1.1%), 56036 (3.7%), Freeborn County (5.1%), Albert Lea city (4.6%), and Manchester city (0.0%).

560075.3%
Albert Lea city4.6%
Manchester city0.0%
Freeborn County5.1%

56007 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56007$49,545$71,563$78,704$42,843
Albert Lea city$48,523$67,165$74,186$38,348
Manchester city$-1$-1$103,125$85,000
Freeborn County$52,250$74,531$79,874$45,694

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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 56007 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+
56007+/-$5,723+/-$5,489+/-$2,174+/-1.4%+/-$30,022+/-$10,063+/-$7,877+/-$6,415
Albert Lea city+/-$5,719+/-$6,167+/-$2,538+/-1.6%+/-$26,999+/-$9,112+/-$9,289+/-$7,164
Manchester city+/-$20,626+/-$19,054+/-$12,107+/-53.4%+/-$-1+/-$-1+/-$32,938+/-$63,335
Freeborn County+/-$2,178+/-$4,307+/-$1,705+/-1.0%+/-$21,054+/-$8,450+/-$6,314+/-$3,927