56240 Map

56240 Income Statistics

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Comparison to Surrounding Areas

56240 Median Household Income

The median household income ($66,250) for 56240 is less than the median household income for 56211 ($80,536), 56225 ($68,750), and 56236 ($77,344). But it's more than 56221 ($56,875), 56296 ($57,051), 56210 ($-1), Traverse County ($65,931), Big Stone County ($65,475), Graceville city ($51,667), and Barry city ($-1).

56240$66,250
Barry city$-1
Graceville city$51,667
Big Stone County$65,475
Traverse County$65,931

56240 Average Household Income

The average household income ($81,137) for 56240 is less than the average household income for 56211 ($89,703), 56225 ($98,834), 56236 ($107,317), 56296 ($81,847), Big Stone County ($84,183), and Traverse County ($85,746). But it's more than 56210 ($-1), 56221 ($72,910), Barry city ($-1), and Graceville city ($74,924).

56240$81,137
Barry city$-1
Graceville city$74,924
Big Stone County$84,183
Traverse County$85,746

56240 Per-Capita Income

The per-capita income for 56240 is $35,169. The per capita income ($35,169) for 56240 is less than the per capita income for 56221 ($36,475), 56236 ($45,299), 56296 ($40,287), 56211 ($37,331), 56225 ($45,773), Traverse County ($38,451), and Big Stone County ($36,923). But it's more than 56210 ($33,025), Barry city ($33,025), and Graceville city ($34,756).

56240$35,169
Barry city$33,025
Graceville city$34,756
Big Stone County$36,923
Traverse County$38,451

56240 High Income Households

4.7% of households make over $200,000 a year. The percent high income households (4.7%) for 56240 is less than the percent high income households for 56225 (5.3%), 56236 (12.4%), 56296 (7.6%), Big Stone County (5.4%), and Traverse County (7.5%). But it's more than 56210 (0.0%), 56211 (2.9%), 56221 (2.0%), Barry city (0.0%), and Graceville city (3.9%).

562404.7%
Barry city0.0%
Graceville city3.9%
Big Stone County5.4%
Traverse County7.5%

56240 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56240$-1$79,625$101,250$37,000
Barry city$-1$-1$-1$-1
Graceville city$-1$78,375$139,167$32,788
Big Stone County$48,750$75,500$78,929$46,507
Traverse County$49,500$56,648$91,806$54,868

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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 56240 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+
56240+/-$15,416+/-$8,668+/-$4,459+/-3.6%+/-$-1+/-$31,723+/-$65,034+/-$11,968
Barry city+/-$-1+/-$-1+/-$31,534+/-100.0%+/-$-1+/-$-1+/-$-1+/-$-1
Graceville city+/-$17,848+/-$10,835+/-$5,826+/-3.9%+/-$-1+/-$33,724+/-$117,999+/-$4,263
Big Stone County+/-$6,670+/-$5,738+/-$2,301+/-1.8%+/-$17,963+/-$9,212+/-$17,121+/-$5,000
Traverse County+/-$5,300+/-$5,923+/-$2,300+/-2.5%+/-$10,932+/-$6,508+/-$15,423+/-$9,752