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56051 Income Statistics

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Comparison to Surrounding Areas

56051 Median Household Income

The median household income ($47,717) for 56051 is less than the median household income for 50473 ($88,281), 50478 ($49,079), 56014 ($56,458), 56029 ($59,750), 56097 ($59,080), and Faribault County ($64,000). But it's more than Kiester city ($44,091).

56051$47,717
Kiester city$44,091
Faribault County$64,000

56051 Average Household Income

The average household income ($56,371) for 56051 is less than the average household income for 50473 ($80,288), 50478 ($70,176), 56014 ($81,449), 56029 ($70,142), 56097 ($75,759), and Faribault County ($81,221). But it's more than Kiester city ($49,305).

56051$56,371
Kiester city$49,305
Faribault County$81,221

56051 Per-Capita Income

The per-capita income for 56051 is $23,680. The per capita income ($23,680) for 56051 is less than the per capita income for 50473 ($36,637), 50478 ($37,121), 56014 ($35,960), 56029 ($34,590), 56097 ($33,251), and Faribault County ($35,307). But it's more than Kiester city ($20,146).

56051$23,680
Kiester city$20,146
Faribault County$35,307

56051 High Income Households

1.9% of households make over $200,000 a year. The percent high income households (1.9%) for 56051 is more than 50478 (3.3%), 56029 (1.1%), 56097 (4.1%), 50473 (0.0%), 56014 (6.6%), Faribault County (5.3%), and Kiester city (1.5%).

560511.9%
Kiester city1.5%
Faribault County5.3%

56051 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56051$-1$48,929$49,861$33,750
Kiester city$-1$44,792$47,404$28,250
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 56051 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+
56051+/-$3,350+/-$6,239+/-$3,083+/-1.4%+/-$-1+/-$12,959+/-$8,726+/-$10,384
Kiester city+/-$6,888+/-$6,734+/-$3,070+/-1.8%+/-$-1+/-$13,222+/-$2,502+/-$12,586
Faribault County+/-$3,320+/-$3,968+/-$1,683+/-1.0%+/-$23,201+/-$7,869+/-$6,031+/-$6,002