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56342 Income Statistics

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Comparison to Surrounding Areas

56342 Median Household Income

The median household income ($58,750) for 56342 is less than the median household income for 55051 ($68,475), 55735 ($61,023), 56431 ($59,590), Kanabec County ($68,995), and Mille Lacs County ($68,088). But it's more than 55072 ($51,474), 56359 ($55,575), 56386 ($49,896), 55037 ($56,544), 56350 ($38,250), Aitkin County ($56,406), and Isle city ($46,667).

56342$58,750
Isle city$46,667
Aitkin County$56,406
Kanabec County$68,995
Mille Lacs County$68,088

56342 Average Household Income

The average household income ($83,106) for 56342 is less than the average household income for 55051 ($84,254) and Mille Lacs County ($83,413). But it's more than 56431 ($73,620), 56350 ($57,132), 56359 ($72,138), 56386 ($65,331), 55037 ($72,516), 55072 ($63,169), 55735 ($73,385), Kanabec County ($82,961), Aitkin County ($71,757), and Isle city ($69,559).

56342$83,106
Isle city$69,559
Aitkin County$71,757
Kanabec County$82,961
Mille Lacs County$83,413

56342 Per-Capita Income

The per-capita income for 56342 is $39,620. The per capita income ($39,620) for 56342 is more than 56431 ($34,326), 55735 ($32,139), 56350 ($28,909), 56359 ($28,112), 56386 ($32,027), 55037 ($28,715), 55051 ($34,736), 55072 ($23,075), Kanabec County ($33,805), Mille Lacs County ($33,933), Aitkin County ($32,980), and Isle city ($35,457).

56342$39,620
Isle city$35,457
Aitkin County$32,980
Kanabec County$33,805
Mille Lacs County$33,933

56342 High Income Households

5.8% of households make over $200,000 a year. The percent high income households (5.8%) for 56342 is more than 56431 (3.5%), 55735 (3.5%), 56350 (1.6%), 56359 (5.3%), 56386 (2.9%), 55037 (3.3%), 55051 (4.8%), 55072 (1.3%), Kanabec County (4.1%), Mille Lacs County (4.3%), Aitkin County (3.4%), and Isle city (4.6%).

563425.8%
Isle city4.6%
Aitkin County3.4%
Kanabec County4.1%
Mille Lacs County4.3%

56342 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56342$55,625$62,344$73,015$46,875
Isle city$41,250$58,125$54,792$36,000
Aitkin County$45,781$76,146$70,000$44,977
Kanabec County$52,083$90,302$79,018$43,866
Mille Lacs County$42,727$75,968$86,200$45,149

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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 56342 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+
56342+/-$3,539+/-$6,055+/-$2,758+/-1.5%+/-$15,926+/-$13,043+/-$6,162+/-$7,176
Isle city+/-$9,985+/-$13,011+/-$5,595+/-3.3%+/-$28,697+/-$26,007+/-$10,352+/-$8,903
Aitkin County+/-$2,136+/-$2,117+/-$1,014+/-0.6%+/-$18,837+/-$6,219+/-$3,302+/-$2,158
Kanabec County+/-$3,201+/-$2,704+/-$1,072+/-0.7%+/-$6,292+/-$6,732+/-$5,479+/-$4,990
Mille Lacs County+/-$3,030+/-$3,602+/-$1,359+/-0.8%+/-$22,461+/-$9,557+/-$6,947+/-$3,453