56241 Income Statistics

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Comparison to Surrounding Areas

56241 Median Household Income

The median household income ($64,128) for 56241 is less than the median household income for 56297 ($81,875), 56260 ($73,000), 56285 ($76,250), 56223 ($66,354), 56237 ($66,786), 56245 ($82,000), Yellow Medicine County ($70,605), and Renville County ($66,313). But it's more than 56265 ($60,885), Chippewa County ($62,112), Granite Falls city ($58,350), and Hazel Run city ($61,786).

56241	$64,128
Granite Falls city	$58,350
Hazel Run city	$61,786
Chippewa County	$62,112
Renville County	$66,313
Yellow Medicine County	$70,605

56241 Average Household Income

The average household income ($84,407) for 56241 is less than the average household income for 56245 ($90,425), 56285 ($84,839), 56297 ($94,508), and Yellow Medicine County ($87,454). But it's more than 56265 ($77,603), 56223 ($82,138), 56237 ($83,385), 56260 ($82,426), Chippewa County ($76,829), Renville County ($82,725), Granite Falls city ($77,961), and Hazel Run city ($72,738).

56241	$84,407
Granite Falls city	$77,961
Hazel Run city	$72,738
Chippewa County	$76,829
Renville County	$82,725
Yellow Medicine County	$87,454

56241 Per-Capita Income

The per-capita income for 56241 is $36,421. The per capita income ($36,421) for 56241 is less than the per capita income for 56260 ($36,654), 56297 ($38,396), and Yellow Medicine County ($36,737). But it's more than 56285 ($36,173), 56223 ($31,968), 56237 ($36,298), 56245 ($35,926), 56265 ($33,302), Renville County ($34,554), Chippewa County ($32,772), Granite Falls city ($35,526), and Hazel Run city ($25,564).

56241	$36,421
Granite Falls city	$35,526
Hazel Run city	$25,564
Chippewa County	$32,772
Renville County	$34,554
Yellow Medicine County	$36,737

56241 High Income Households

4.4% of households make over $200,000 a year. The percent high income households (4.4%) for 56241 is more than 56297 (6.6%), 56237 (4.3%), 56245 (10.2%), 56260 (3.0%), 56265 (5.7%), 56285 (2.8%), 56223 (3.6%), Renville County (5.0%), Yellow Medicine County (6.1%), Chippewa County (4.0%), Granite Falls city (3.0%), and Hazel Run city (3.8%).

56241	4.4%
Granite Falls city	3.0%
Hazel Run city	3.8%
Chippewa County	4.0%
Renville County	5.0%
Yellow Medicine County	6.1%

56241 Median Household Income by Age of Householder

	under 25 years	25 to 44 years	45 to 64 years	65 years and over
56241	$36,731	$73,854	$84,583	$52,083
Granite Falls city	$-1	$57,857	$84,280	$50,865
Hazel Run city	$-1	$83,214	$-1	$-1
Chippewa County	$19,271	$71,023	$72,019	$47,891
Renville County	$61,563	$72,411	$77,744	$47,500
Yellow Medicine County	$58,015	$79,243	$83,841	$50,350

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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 56241 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
	Median Household Income	Average Household Income	Per Capita Income	High Income Households	under 25	25 to 44	45 to 64	65+
56241	+/-$5,194	+/-$6,601	+/-$2,904	+/-1.9%	+/-$34,657	+/-$11,925	+/-$19,979	+/-$8,877
Granite Falls city	+/-$3,879	+/-$7,885	+/-$3,670	+/-2.2%	+/-$-1	+/-$28,414	+/-$22,110	+/-$9,961
Hazel Run city	+/-$31,973	+/-$20,959	+/-$10,758	+/-11.0%	+/-$-1	+/-$54,038	+/-$-1	+/-$-1
Chippewa County	+/-$5,823	+/-$4,494	+/-$1,681	+/-1.2%	+/-$19,027	+/-$11,580	+/-$13,331	+/-$3,782
Renville County	+/-$2,339	+/-$2,328	+/-$1,044	+/-0.8%	+/-$16,490	+/-$7,887	+/-$5,135	+/-$4,256
Yellow Medicine County	+/-$4,435	+/-$3,852	+/-$1,389	+/-1.2%	+/-$16,244	+/-$4,571	+/-$3,034	+/-$4,254