56350 Map

56350 Income Statistics

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Comparison to Surrounding Areas

56350 Median Household Income

The median household income ($38,250) for 56350 is less than the median household income for 56431 ($59,590), 55072 ($51,474), 55735 ($61,023), 55760 ($55,938), 55783 ($76,115), 55795 ($68,958), 56342 ($58,750), and Aitkin County ($56,406). But it's more than McGrath city ($8,750).

56350$38,250
McGrath city$8,750
Aitkin County$56,406

56350 Average Household Income

The average household income ($57,132) for 56350 is less than the average household income for 56431 ($73,620), 55072 ($63,169), 55735 ($73,385), 55760 ($74,173), 55783 ($89,747), 55795 ($87,146), 56342 ($83,106), and Aitkin County ($71,757). But it's more than McGrath city ($12,464).

56350$57,132
McGrath city$12,464
Aitkin County$71,757

56350 Per-Capita Income

The per-capita income for 56350 is $28,909. The per capita income ($28,909) for 56350 is less than the per capita income for 55783 ($39,445), 55735 ($32,139), 55760 ($32,319), 56431 ($34,326), 55795 ($34,077), 56342 ($39,620), and Aitkin County ($32,980). But it's more than 55072 ($23,075) and McGrath city ($7,913).

56350$28,909
McGrath city$7,913
Aitkin County$32,980

56350 High Income Households

1.6% of households make over $200,000 a year. The percent high income households (1.6%) for 56350 is more than 56431 (3.5%), 55795 (8.7%), 56342 (5.8%), 55072 (1.3%), 55735 (3.5%), 55760 (5.3%), 55783 (5.9%), Aitkin County (3.4%), and McGrath city (0.0%).

563501.6%
McGrath city0.0%
Aitkin County3.4%

56350 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56350$-1$-1$74,375$35,000
McGrath city$-1$-1$9,375$-1
Aitkin County$45,781$76,146$70,000$44,977

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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 56350 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+
56350+/-$19,930+/-$12,875+/-$6,528+/-2.8%+/-$-1+/-$-1+/-$66,056+/-$18,986
McGrath city+/-$6,092+/-$9,606+/-$5,727+/-62.2%+/-$-1+/-$-1+/-$1,855+/-$-1
Aitkin County+/-$2,136+/-$2,117+/-$1,014+/-0.6%+/-$18,837+/-$6,219+/-$3,302+/-$2,158