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56240 Map

56240 Income Statistics

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Comparison to Surrounding Areas

56240 Median Household Income

The median household income ($59,821) for 56240 is less than the median household income for 56236 ($91,875), 56211 ($78,214), 56221 ($67,969), 56225 ($72,500), 56210 ($66,250), Traverse County ($63,456), Big Stone County ($63,024), and Barry city ($66,250). But it's more than 56296 ($54,329) and Graceville city ($51,719).

56240$59,821
Barry city$66,250
Graceville city$51,719
Big Stone County$63,024
Traverse County$63,456

56240 Average Household Income

The average household income ($79,675) for 56240 is less than the average household income for 56211 ($88,860), 56225 ($84,671), 56236 ($120,524), and Traverse County ($81,057). But it's more than 56210 ($64,250), 56221 ($75,908), 56296 ($73,695), Big Stone County ($79,511), Barry city ($64,250), and Graceville city ($70,935).

56240$79,675
Barry city$64,250
Graceville city$70,935
Big Stone County$79,511
Traverse County$81,057

56240 Per-Capita Income

The per-capita income for 56240 is $33,459. The per capita income ($33,459) for 56240 is less than the per capita income for 56221 ($35,540), 56236 ($50,810), 56296 ($36,511), 56211 ($35,132), 56225 ($38,390), Traverse County ($36,023), and Big Stone County ($35,797). But it's more than 56210 ($17,133), Barry city ($17,133), and Graceville city ($32,274).

56240$33,459
Barry city$17,133
Graceville city$32,274
Big Stone County$35,797
Traverse County$36,023

56240 High Income Households

6.1% of households make over $200,000 a year. The percent high income households (6.1%) for 56240 is more than 56296 (6.7%), 56211 (3.7%), 56221 (3.1%), 56225 (4.5%), 56236 (18.0%), 56210 (0.0%), Traverse County (6.8%), Big Stone County (4.4%), Barry city (0.0%), and Graceville city (3.4%).

562406.1%
Barry city0.0%
Graceville city3.4%
Big Stone County4.4%
Traverse County6.8%

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$95,833$100,000$40,417
Barry city$-1$-1$-1$-1
Graceville city$-1$81,875$108,500$32,019
Big Stone County$88,102$76,250$69,769$41,898
Traverse County$44,342$54,881$84,107$49,554

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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 56240 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+
56240+/-$12,243+/-$8,843+/-$4,391+/-3.5%+/-$-1+/-$9,547+/-$35,297+/-$9,548
Barry city+/-$4,137+/-$4,456+/-$12,511+/-100.0%+/-$-1+/-$-1+/-$-1+/-$-1
Graceville city+/-$8,118+/-$9,257+/-$5,130+/-3.3%+/-$-1+/-$34,125+/-$55,897+/-$7,093
Big Stone County+/-$5,327+/-$6,328+/-$2,760+/-1.6%+/-$23,001+/-$12,211+/-$13,129+/-$5,233
Traverse County+/-$6,655+/-$5,474+/-$2,145+/-2.3%+/-$1,514+/-$10,400+/-$10,451+/-$7,545