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56062 Income Statistics

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Comparison to Surrounding Areas

56062 Median Household Income

The median household income ($71,705) for 56062 is less than the median household income for 56034 ($79,750), 56041 ($79,219), 56055 ($82,596), 56090 ($76,806), and Madelia city ($74,625). But it's more than 56056 ($51,250), 56060 ($63,750), 56081 ($62,863), Blue Earth County ($70,906), Brown County ($67,038), and Watonwan County ($65,197).

56062$71,705
Madelia city$74,625
Blue Earth County$70,906
Brown County$67,038
Watonwan County$65,197

56062 Average Household Income

The average household income ($90,058) for 56062 is less than the average household income for 56034 ($95,019), 56041 ($95,597), 56055 ($93,522), and 56090 ($92,980). But it's more than 56081 ($83,075), 56056 ($57,038), 56060 ($74,350), Brown County ($82,692), Watonwan County ($84,276), Blue Earth County ($87,952), and Madelia city ($83,679).

56062$90,058
Madelia city$83,679
Blue Earth County$87,952
Brown County$82,692
Watonwan County$84,276

56062 Per-Capita Income

The per-capita income for 56062 is $36,358. The per capita income ($36,358) for 56062 is less than the per capita income for 56034 ($40,816), 56041 ($38,002), 56055 ($38,675), and 56090 ($39,046). But it's more than 56081 ($34,012), 56056 ($30,819), 56060 ($30,615), Brown County ($35,340), Watonwan County ($34,363), Blue Earth County ($35,182), and Madelia city ($33,460).

56062$36,358
Madelia city$33,460
Blue Earth County$35,182
Brown County$35,340
Watonwan County$34,363

56062 High Income Households

3.6% of households make over $200,000 a year. The percent high income households (3.6%) for 56062 is more than 56090 (10.8%), 56055 (5.4%), 56056 (0.0%), 56060 (3.6%), 56081 (6.5%), 56034 (9.3%), 56041 (6.0%), Brown County (4.0%), Watonwan County (5.4%), Blue Earth County (5.6%), and Madelia city (2.3%).

560623.6%
Madelia city2.3%
Blue Earth County5.6%
Brown County4.0%
Watonwan County5.4%

56062 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56062$61,522$86,635$105,536$49,583
Madelia city$-1$81,719$108,750$55,089
Blue Earth County$34,948$83,130$89,871$59,815
Brown County$60,227$75,128$82,201$48,793
Watonwan County$53,542$85,337$77,376$45,469

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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 56062 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+
56062+/-$9,190+/-$10,194+/-$3,824+/-1.9%+/-$24,714+/-$13,421+/-$42,332+/-$13,890
Madelia city+/-$19,957+/-$11,610+/-$4,042+/-1.7%+/-$-1+/-$13,127+/-$44,958+/-$18,704
Blue Earth County+/-$3,327+/-$3,088+/-$1,048+/-0.7%+/-$3,778+/-$4,903+/-$4,337+/-$5,142
Brown County+/-$3,230+/-$3,192+/-$1,263+/-0.8%+/-$18,454+/-$9,696+/-$6,208+/-$5,434
Watonwan County+/-$5,388+/-$6,713+/-$2,517+/-1.8%+/-$9,726+/-$13,634+/-$5,139+/-$6,468