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56514 Map

56514 Income Statistics

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Comparison to Surrounding Areas

56514 Median Household Income

The median household income ($80,625) for 56514 is less than the median household income for 56547 ($91,394), 56549 ($98,616), 56579 ($84,286), 56580 ($96,190), and 56594 ($90,250). But it's more than 56572 ($73,609), Clay County ($75,006), Otter Tail County ($67,990), Wilkin County ($67,114), and Barnesville city ($68,750).

56514$80,625
Barnesville city$68,750
Clay County$75,006
Otter Tail County$67,990
Wilkin County$67,114

56514 Average Household Income

The average household income ($109,033) for 56514 is less than the average household income for 56549 ($113,578), 56580 ($120,853), and 56594 ($120,848). But it's more than 56579 ($104,444), 56547 ($103,017), 56572 ($89,812), Otter Tail County ($86,947), Wilkin County ($89,697), Clay County ($92,120), and Barnesville city ($108,787).

56514$109,033
Barnesville city$108,787
Clay County$92,120
Otter Tail County$86,947
Wilkin County$89,697

56514 Per-Capita Income

The per-capita income for 56514 is $41,973. The per capita income ($41,973) for 56514 is less than the per capita income for 56549 ($42,321), 56580 ($44,707), 56594 ($48,477), and Barnesville city ($42,922). But it's more than 56547 ($35,392), 56572 ($37,336), 56579 ($37,894), Clay County ($36,586), Otter Tail County ($37,202), and Wilkin County ($38,317).

56514$41,973
Barnesville city$42,922
Clay County$36,586
Otter Tail County$37,202
Wilkin County$38,317

56514 High Income Households

8.0% of households make over $200,000 a year. The percent high income households (8.0%) for 56514 is more than 56594 (9.2%), 56549 (8.7%), 56572 (6.6%), 56579 (5.3%), 56580 (11.9%), 56547 (7.6%), Otter Tail County (6.4%), Wilkin County (4.3%), Clay County (6.3%), and Barnesville city (8.2%).

565148.0%
Barnesville city8.2%
Clay County6.3%
Otter Tail County6.4%
Wilkin County4.3%

56514 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56514$47,292$99,167$84,643$48,036
Barnesville city$47,396$93,295$80,795$34,423
Clay County$36,563$87,354$93,473$52,278
Otter Tail County$41,955$84,213$82,839$49,023
Wilkin County$65,821$82,800$75,610$47,292

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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 56514 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+
56514+/-$15,132+/-$13,634+/-$5,269+/-3.1%+/-$11,751+/-$15,397+/-$15,630+/-$9,692
Barnesville city+/-$11,145+/-$18,267+/-$7,239+/-3.8%+/-$12,784+/-$17,910+/-$16,841+/-$13,061
Clay County+/-$3,165+/-$2,905+/-$1,040+/-0.8%+/-$9,855+/-$5,308+/-$5,334+/-$5,966
Otter Tail County+/-$2,597+/-$2,258+/-$903+/-0.7%+/-$9,043+/-$3,690+/-$5,386+/-$2,379
Wilkin County+/-$3,779+/-$12,072+/-$5,105+/-1.6%+/-$7,750+/-$20,677+/-$6,906+/-$14,485