56031 Map

56031 Income Statistics

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Comparison to Surrounding Areas

56031 Median Household Income

The median household income ($61,373) for 56031 is less than the median household income for 50514 ($70,550), 56039 ($80,536), 56075 ($70,000), 56088 ($70,568), Martin County ($62,969), and Northrop city ($63,750). But it's more than 56121 ($45,417), 56181 ($59,821), and Fairmont city ($59,228).

56031$61,373
Fairmont city$59,228
Northrop city$63,750
Martin County$62,969

56031 Average Household Income

The average household income ($86,666) for 56031 is less than the average household income for 56039 ($92,415). But it's more than 56181 ($69,650), 56075 ($74,028), 56088 ($81,931), 56121 ($53,973), 50514 ($77,270), Martin County ($84,513), Fairmont city ($84,717), and Northrop city ($72,682).

56031$86,666
Fairmont city$84,717
Northrop city$72,682
Martin County$84,513

56031 Per-Capita Income

The per-capita income for 56031 is $39,558. The per capita income ($39,558) for 56031 is more than 56181 ($27,698), 56075 ($29,873), 56088 ($34,190), 56121 ($29,911), 50514 ($36,294), 56039 ($36,778), Martin County ($37,466), Fairmont city ($39,233), and Northrop city ($30,677).

56031$39,558
Fairmont city$39,233
Northrop city$30,677
Martin County$37,466

56031 High Income Households

7.2% of households make over $200,000 a year. The percent high income households (7.2%) for 56031 is less than the percent high income households for 56039 (7.9%). But it's more than 56181 (3.0%), 56075 (0.0%), 56088 (4.2%), 56121 (0.0%), 50514 (0.9%), Martin County (6.3%), Fairmont city (7.1%), and Northrop city (0.0%).

560317.2%
Fairmont city7.1%
Northrop city0.0%
Martin County6.3%

56031 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56031$103,358$64,236$94,760$44,201
Fairmont city$-1$60,798$94,627$42,577
Northrop city$-1$99,375$81,250$38,750
Martin County$59,051$74,053$93,080$44,844

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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 56031 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+
56031+/-$3,631+/-$7,727+/-$3,408+/-2.3%+/-$73,962+/-$20,029+/-$9,174+/-$10,084
Fairmont city+/-$4,276+/-$8,645+/-$3,948+/-2.6%+/-$-1+/-$14,812+/-$10,937+/-$7,972
Northrop city+/-$13,363+/-$9,659+/-$3,557+/-17.7%+/-$-1+/-$13,701+/-$19,612+/-$15,432
Martin County+/-$3,165+/-$4,618+/-$1,912+/-1.4%+/-$40,759+/-$5,203+/-$7,224+/-$4,706