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56162 Income Statistics

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Comparison to Surrounding Areas

56162 Median Household Income

The median household income ($77,500) for 56162 is more than 56081 ($62,863), 56088 ($69,009), 56160 ($49,063), 56176 ($71,458), Watonwan County ($65,197), Martin County ($61,674), and Ormsby city ($57,500).

56162$77,500
Ormsby city$57,500
Martin County$61,674
Watonwan County$65,197

56162 Average Household Income

The average household income ($84,894) for 56162 is less than the average household income for 56176 ($89,857). But it's more than 56081 ($83,075), 56088 ($78,319), 56160 ($57,423), Martin County ($78,734), Watonwan County ($84,276), and Ormsby city ($58,377).

56162$84,894
Ormsby city$58,377
Martin County$78,734
Watonwan County$84,276

56162 Per-Capita Income

The per-capita income for 56162 is $35,170. The per capita income ($35,170) for 56162 is less than the per capita income for 56176 ($37,137). But it's more than 56081 ($34,012), 56088 ($33,916), 56160 ($24,071), Martin County ($35,152), Watonwan County ($34,363), and Ormsby city ($27,711).

56162$35,170
Ormsby city$27,711
Martin County$35,152
Watonwan County$34,363

56162 High Income Households

5.9% of households make over $200,000 a year. The percent high income households (5.9%) for 56162 is more than 56081 (6.5%), 56088 (3.6%), 56160 (0.0%), 56176 (7.5%), Watonwan County (5.4%), Martin County (4.5%), and Ormsby city (0.0%).

561625.9%
Ormsby city0.0%
Martin County4.5%
Watonwan County5.4%

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$83,906$93,750$69,500
Ormsby city$-1$74,375$-1$43,750
Martin County$55,066$73,690$86,023$43,015
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 56162 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+
56162+/-$15,231+/-$14,552+/-$5,045+/-4.5%+/-$-1+/-$20,340+/-$34,955+/-$21,362
Ormsby city+/-$31,994+/-$12,584+/-$6,130+/-29.2%+/-$-1+/-$27,955+/-$-1+/-$43,633
Martin County+/-$4,915+/-$3,077+/-$1,284+/-1.1%+/-$42,567+/-$7,973+/-$11,634+/-$3,625
Watonwan County+/-$5,388+/-$6,713+/-$2,517+/-1.8%+/-$9,726+/-$13,634+/-$5,139+/-$6,468