56162 Map

56162 Income Statistics

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Comparison to Surrounding Areas

56162 Median Household Income

The median household income ($83,125) for 56162 is more than 56081 ($66,612), 56088 ($70,568), 56160 ($46,875), 56176 ($67,727), Watonwan County ($70,593), Martin County ($62,969), and Ormsby city ($46,500).

56162$83,125
Ormsby city$46,500
Martin County$62,969
Watonwan County$70,593

56162 Average Household Income

The average household income ($87,302) for 56162 is less than the average household income for 56081 ($90,478), 56176 ($88,524), and Watonwan County ($89,633). But it's more than 56088 ($81,931), 56160 ($67,635), Martin County ($84,513), and Ormsby city ($57,683).

56162$87,302
Ormsby city$57,683
Martin County$84,513
Watonwan County$89,633

56162 Per-Capita Income

The per-capita income for 56162 is $32,830. The per capita income ($32,830) for 56162 is less than the per capita income for 56081 ($35,913), 56088 ($34,190), 56176 ($37,803), Martin County ($37,466), and Watonwan County ($35,659). But it's more than 56160 ($26,240) and Ormsby city ($24,796).

56162$32,830
Ormsby city$24,796
Martin County$37,466
Watonwan County$35,659

56162 High Income Households

5.6% of households make over $200,000 a year. The percent high income households (5.6%) for 56162 is less than the percent high income households for 56081 (7.9%), 56160 (7.2%), 56176 (7.8%), Martin County (6.3%), and Watonwan County (6.0%). But it's more than 56088 (4.2%) and Ormsby city (0.0%).

561625.6%
Ormsby city0.0%
Martin County6.3%
Watonwan County6.0%

56162 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56162$-1$87,222$92,500$71,250
Ormsby city$-1$85,694$-1$37,500
Martin County$59,051$74,053$93,080$44,844
Watonwan County$55,833$81,111$82,151$50,909

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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 56162 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+
56162+/-$15,380+/-$16,239+/-$5,080+/-4.9%+/-$-1+/-$25,194+/-$37,818+/-$30,213
Ormsby city+/-$36,606+/-$13,993+/-$5,050+/-28.4%+/-$-1+/-$15,468+/-$-1+/-$27,391
Martin County+/-$3,165+/-$4,618+/-$1,912+/-1.4%+/-$40,759+/-$5,203+/-$7,224+/-$4,706
Watonwan County+/-$6,881+/-$6,587+/-$2,517+/-1.7%+/-$14,333+/-$15,397+/-$12,216+/-$7,801