56297 Map

56297 Income Statistics

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Comparison to Surrounding Areas

56297 Median Household Income

The median household income ($80,250) for 56297 is less than the median household income for 56229 ($99,821), 56237 ($85,156), and 56245 ($82,679). But it's more than 56241 ($66,354), 56292 ($80,156), Redwood County ($67,024), Yellow Medicine County ($71,573), and Wood Lake city ($68,958).

56297$80,250
Wood Lake city$68,958
Redwood County$67,024
Yellow Medicine County$71,573

56297 Average Household Income

The average household income ($95,932) for 56297 is less than the average household income for 56229 ($111,010) and 56237 ($105,058). But it's more than 56241 ($92,966), 56245 ($90,771), 56292 ($91,688), Redwood County ($82,811), Yellow Medicine County ($92,166), and Wood Lake city ($73,508).

56297$95,932
Wood Lake city$73,508
Redwood County$82,811
Yellow Medicine County$92,166

56297 Per-Capita Income

The per-capita income for 56297 is $39,364. The per capita income ($39,364) for 56297 is less than the per capita income for 56229 ($47,272), 56237 ($44,909), and 56241 ($40,773). But it's more than 56245 ($38,635), 56292 ($32,808), Redwood County ($33,771), Yellow Medicine County ($38,668), and Wood Lake city ($33,407).

56297$39,364
Wood Lake city$33,407
Redwood County$33,771
Yellow Medicine County$38,668

56297 High Income Households

10.2% of households make over $200,000 a year. The percent high income households (10.2%) for 56297 is less than the percent high income households for 56229 (10.9%). But it's more than 56237 (6.9%), 56241 (5.3%), 56245 (9.1%), 56292 (5.3%), Yellow Medicine County (7.0%), Redwood County (4.3%), and Wood Lake city (5.5%).

5629710.2%
Wood Lake city5.5%
Redwood County4.3%
Yellow Medicine County7.0%

56297 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56297$62,500$96,750$94,688$57,917
Wood Lake city$-1$81,000$76,563$49,375
Redwood County$35,313$83,250$78,142$47,158
Yellow Medicine County$59,583$80,259$88,803$51,667

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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 56297 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+
56297+/-$6,990+/-$7,636+/-$2,404+/-3.4%+/-$42,625+/-$22,297+/-$5,753+/-$18,346
Wood Lake city+/-$10,469+/-$8,289+/-$3,240+/-3.5%+/-$-1+/-$2,256+/-$37,075+/-$9,972
Redwood County+/-$2,644+/-$3,904+/-$1,289+/-0.9%+/-$22,983+/-$10,764+/-$5,464+/-$3,511
Yellow Medicine County+/-$5,044+/-$4,435+/-$1,875+/-1.1%+/-$21,404+/-$4,890+/-$4,473+/-$5,247