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56265 Income Statistics

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Comparison to Surrounding Areas

56265 Median Household Income

The median household income ($60,885) for 56265 is less than the median household income for 56295 ($63,750), 56260 ($73,000), 56262 ($80,625), 56271 ($67,321), 56218 ($83,125), 56223 ($66,354), 56231 ($107,500), 56232 ($76,667), 56241 ($64,128), Lac qui Parle County ($66,967), Yellow Medicine County ($70,605), and Chippewa County ($62,112). But it's more than 56208 ($53,750), 56215 ($54,942), Montevideo city ($49,435), and Watson city ($41,875).

56265$60,885
Montevideo city$49,435
Watson city$41,875
Chippewa County$62,112
Lac qui Parle County$66,967
Yellow Medicine County$70,605

56265 Average Household Income

The average household income ($77,603) for 56265 is less than the average household income for 56295 ($77,699), 56262 ($105,039), 56271 ($78,583), 56215 ($83,159), 56218 ($89,881), 56223 ($82,138), 56231 ($103,628), 56232 ($96,502), 56241 ($84,407), 56260 ($82,426), Yellow Medicine County ($87,454), and Lac qui Parle County ($86,770). But it's more than 56208 ($76,061), Chippewa County ($76,829), Montevideo city ($62,365), and Watson city ($51,290).

56265$77,603
Montevideo city$62,365
Watson city$51,290
Chippewa County$76,829
Lac qui Parle County$86,770
Yellow Medicine County$87,454

56265 Per-Capita Income

The per-capita income for 56265 is $33,302. The per capita income ($33,302) for 56265 is less than the per capita income for 56262 ($38,808), 56241 ($36,421), 56260 ($36,654), 56208 ($34,757), 56215 ($36,416), 56218 ($40,080), 56231 ($41,096), 56232 ($37,650), Yellow Medicine County ($36,737), and Lac qui Parle County ($37,520). But it's more than 56223 ($31,968), 56271 ($31,302), 56295 ($32,940), Chippewa County ($32,772), Montevideo city ($28,170), and Watson city ($25,414).

56265$33,302
Montevideo city$28,170
Watson city$25,414
Chippewa County$32,772
Lac qui Parle County$37,520
Yellow Medicine County$36,737

56265 High Income Households

5.7% of households make over $200,000 a year. The percent high income households (5.7%) for 56265 is more than 56295 (6.5%), 56232 (8.4%), 56241 (4.4%), 56260 (3.0%), 56262 (5.4%), 56271 (6.1%), 56208 (2.6%), 56215 (8.7%), 56218 (6.4%), 56223 (3.6%), 56231 (6.8%), Lac qui Parle County (6.8%), Yellow Medicine County (6.1%), Chippewa County (4.0%), Montevideo city (2.3%), and Watson city (0.0%).

562655.7%
Montevideo city2.3%
Watson city0.0%
Chippewa County4.0%
Lac qui Parle County6.8%
Yellow Medicine County6.1%

56265 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56265$15,742$68,836$68,365$48,344
Montevideo city$-1$63,965$58,060$43,810
Watson city$-1$63,750$-1$30,781
Chippewa County$19,271$71,023$72,019$47,891
Lac qui Parle County$73,750$78,795$74,821$49,663
Yellow Medicine County$58,015$79,243$83,841$50,350

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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 56265 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+
56265+/-$6,251+/-$5,998+/-$2,317+/-1.9%+/-$14,973+/-$10,803+/-$16,360+/-$5,091
Montevideo city+/-$8,696+/-$6,752+/-$2,922+/-2.2%+/-$-1+/-$6,926+/-$18,638+/-$15,329
Watson city+/-$29,601+/-$11,656+/-$5,492+/-18.5%+/-$-1+/-$16,628+/-$-1+/-$2,103
Chippewa County+/-$5,823+/-$4,494+/-$1,681+/-1.2%+/-$19,027+/-$11,580+/-$13,331+/-$3,782
Lac qui Parle County+/-$3,464+/-$4,474+/-$1,981+/-1.2%+/-$27,557+/-$6,940+/-$9,093+/-$6,181
Yellow Medicine County+/-$4,435+/-$3,852+/-$1,389+/-1.2%+/-$16,244+/-$4,571+/-$3,034+/-$4,254