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56098 Income Statistics

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Comparison to Surrounding Areas

56098 Median Household Income

The median household income ($69,091) for 56098 is less than the median household income for 56010 ($80,556), 56023 ($74,531), and 56039 ($79,375). But it's more than 56013 ($68,324), 56088 ($69,009), Faribault County ($64,000), Martin County ($61,674), and Winnebago city ($58,750).

56098$69,091
Winnebago city$58,750
Faribault County$64,000
Martin County$61,674

56098 Average Household Income

The average household income ($85,754) for 56098 is less than the average household income for 56010 ($90,690), 56023 ($90,638), and 56039 ($92,763). But it's more than 56013 ($84,811), 56088 ($78,319), Faribault County ($81,221), Martin County ($78,734), and Winnebago city ($71,790).

56098$85,754
Winnebago city$71,790
Faribault County$81,221
Martin County$78,734

56098 Per-Capita Income

The per-capita income for 56098 is $37,159. The per capita income ($37,159) for 56098 is less than the per capita income for 56010 ($42,728) and 56023 ($37,388). But it's more than 56013 ($36,696), 56039 ($36,847), 56088 ($33,916), Faribault County ($35,307), Martin County ($35,152), and Winnebago city ($31,203).

56098$37,159
Winnebago city$31,203
Faribault County$35,307
Martin County$35,152

56098 High Income Households

4.0% of households make over $200,000 a year. The percent high income households (4.0%) for 56098 is more than 56088 (3.6%), 56013 (6.9%), 56023 (3.7%), 56039 (5.6%), 56010 (7.1%), Martin County (4.5%), Faribault County (5.3%), and Winnebago city (2.2%).

560984.0%
Winnebago city2.2%
Faribault County5.3%
Martin County4.5%

56098 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56098$82,708$69,792$75,000$56,667
Winnebago city$-1$68,036$67,188$27,656
Faribault County$52,031$71,133$71,042$51,019
Martin County$55,066$73,690$86,023$43,015

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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 56098 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+
56098+/-$8,045+/-$11,061+/-$4,308+/-2.4%+/-$13,963+/-$9,215+/-$28,730+/-$21,839
Winnebago city+/-$13,499+/-$9,899+/-$3,176+/-2.6%+/-$-1+/-$14,880+/-$32,316+/-$13,641
Faribault County+/-$3,320+/-$3,968+/-$1,683+/-1.0%+/-$23,201+/-$7,869+/-$6,031+/-$6,002
Martin County+/-$4,915+/-$3,077+/-$1,284+/-1.1%+/-$42,567+/-$7,973+/-$11,634+/-$3,625