56118 Map

56118 Income Statistics

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Comparison to Surrounding Areas

56118 Median Household Income

The median household income ($89,076) for 56118 is more than 56019 ($68,750), 56101 ($71,354), 56145 ($51,607), 56159 ($65,089), Jackson County ($69,955), Cottonwood County ($68,239), and Bingham Lake city ($86,250).

56118$89,076
Bingham Lake city$86,250
Cottonwood County$68,239
Jackson County$69,955

56118 Average Household Income

The average household income ($99,983) for 56118 is more than 56019 ($73,698), 56101 ($89,605), 56145 ($69,060), 56159 ($80,748), Jackson County ($87,597), Cottonwood County ($83,505), and Bingham Lake city ($99,869).

56118$99,983
Bingham Lake city$99,869
Cottonwood County$83,505
Jackson County$87,597

56118 Per-Capita Income

The per-capita income for 56118 is $38,181. The per capita income ($38,181) for 56118 is less than the per capita income for Jackson County ($39,494). But it's more than 56019 ($32,908), 56101 ($36,859), 56145 ($29,293), 56159 ($30,280), Cottonwood County ($34,105), and Bingham Lake city ($37,911).

56118$38,181
Bingham Lake city$37,911
Cottonwood County$34,105
Jackson County$39,494

56118 High Income Households

6.2% of households make over $200,000 a year. The percent high income households (6.2%) for 56118 is less than the percent high income households for Bingham Lake city (7.1%). But it's more than 56019 (2.3%), 56101 (5.9%), 56145 (1.5%), 56159 (5.2%), Cottonwood County (5.4%), and Jackson County (5.7%).

561186.2%
Bingham Lake city7.1%
Cottonwood County5.4%
Jackson County5.7%

56118 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56118$-1$99,583$93,750$69,375
Bingham Lake city$-1$138,333$100,417$38,750
Cottonwood County$39,541$88,995$86,964$48,092
Jackson County$30,179$87,553$83,750$47,067

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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 56118 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+
56118+/-$11,997+/-$18,558+/-$9,367+/-5.1%+/-$-1+/-$42,040+/-$14,973+/-$41,915
Bingham Lake city+/-$32,179+/-$29,312+/-$23,293+/-8.3%+/-$-1+/-$79,719+/-$27,445+/-$31,479
Cottonwood County+/-$7,395+/-$4,893+/-$1,963+/-1.5%+/-$16,523+/-$9,927+/-$12,255+/-$6,090
Jackson County+/-$3,329+/-$4,301+/-$1,860+/-1.3%+/-$17,651+/-$9,479+/-$7,130+/-$5,367