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56023 Income Statistics

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Comparison to Surrounding Areas

56023 Median Household Income

The median household income ($74,531) for 56023 is less than the median household income for 56010 ($80,556), 56025 ($85,833), and 56065 ($85,536). But it's more than 56013 ($68,324), 56098 ($69,091), Faribault County ($64,000), and Delavan city ($66,667).

56023$74,531
Delavan city$66,667
Faribault County$64,000

56023 Average Household Income

The average household income ($90,638) for 56023 is less than the average household income for 56010 ($90,690), 56025 ($92,680), and 56065 ($93,728). But it's more than 56013 ($84,811), 56098 ($85,754), Faribault County ($81,221), and Delavan city ($72,292).

56023$90,638
Delavan city$72,292
Faribault County$81,221

56023 Per-Capita Income

The per-capita income for 56023 is $37,388. The per capita income ($37,388) for 56023 is less than the per capita income for 56010 ($42,728) and 56025 ($38,069). But it's more than 56013 ($36,696), 56065 ($35,769), 56098 ($37,159), Faribault County ($35,307), and Delavan city ($30,108).

56023$37,388
Delavan city$30,108
Faribault County$35,307

56023 High Income Households

3.7% of households make over $200,000 a year. The percent high income households (3.7%) for 56023 is more than 56013 (6.9%), 56065 (3.6%), 56098 (4.0%), 56010 (7.1%), 56025 (2.5%), Faribault County (5.3%), and Delavan city (0.0%).

560233.7%
Delavan city0.0%
Faribault County5.3%

56023 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56023$-1$63,125$73,125$83,750
Delavan city$-1$59,167$69,375$65,417
Faribault County$52,031$71,133$71,042$51,019

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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 56023 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+
56023+/-$9,524+/-$12,237+/-$6,577+/-2.6%+/-$-1+/-$12,263+/-$7,557+/-$23,096
Delavan city+/-$4,860+/-$12,024+/-$5,223+/-18.7%+/-$-1+/-$13,126+/-$13,797+/-$3,758
Faribault County+/-$3,320+/-$3,968+/-$1,683+/-1.0%+/-$23,201+/-$7,869+/-$6,031+/-$6,002