56514 Map

56514 Income Statistics

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Comparison to Surrounding Areas

56514 Median Household Income

The median household income ($88,690) for 56514 is less than the median household income for 56547 ($95,750), 56549 ($100,326), 56579 ($95,288), 56580 ($101,477), and 56594 ($93,958). But it's more than 56572 ($83,631), Clay County ($77,664), Otter Tail County ($70,912), Wilkin County ($69,635), and Barnesville city ($83,333).

56514$88,690
Barnesville city$83,333
Clay County$77,664
Otter Tail County$70,912
Wilkin County$69,635

56514 Average Household Income

The average household income ($113,160) for 56514 is less than the average household income for 56549 ($117,579), 56579 ($116,217), and 56580 ($119,743). But it's more than 56594 ($100,321), 56547 ($110,428), 56572 ($99,281), Otter Tail County ($90,657), Wilkin County ($84,280), Clay County ($96,841), and Barnesville city ($113,123).

56514$113,160
Barnesville city$113,123
Clay County$96,841
Otter Tail County$90,657
Wilkin County$84,280

56514 Per-Capita Income

The per-capita income for 56514 is $42,091. The per capita income ($42,091) for 56514 is less than the per capita income for 56549 ($45,404), 56579 ($43,449), 56580 ($42,777), 56594 ($43,558), and Barnesville city ($43,121). But it's more than 56547 ($38,932), 56572 ($41,648), Clay County ($38,791), Otter Tail County ($38,723), and Wilkin County ($36,057).

56514$42,091
Barnesville city$43,121
Clay County$38,791
Otter Tail County$38,723
Wilkin County$36,057

56514 High Income Households

9.6% of households make over $200,000 a year. The percent high income households (9.6%) for 56514 is less than the percent high income households for 56547 (10.4%), 56549 (10.9%), and 56580 (13.8%). But it's more than 56594 (3.8%), 56572 (8.6%), 56579 (7.5%), Otter Tail County (7.2%), Wilkin County (2.8%), Clay County (7.8%), and Barnesville city (9.5%).

565149.6%
Barnesville city9.5%
Clay County7.8%
Otter Tail County7.2%
Wilkin County2.8%

56514 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56514$49,875$110,556$99,286$50,515
Barnesville city$52,500$99,773$102,708$34,318
Clay County$37,734$92,726$94,234$54,084
Otter Tail County$38,808$86,784$90,657$51,865
Wilkin County$69,561$80,313$86,042$43,958

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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 56514 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+
56514+/-$11,371+/-$11,884+/-$4,519+/-3.3%+/-$10,950+/-$17,244+/-$19,502+/-$8,993
Barnesville city+/-$18,807+/-$15,855+/-$6,176+/-4.5%+/-$9,576+/-$23,319+/-$34,366+/-$6,718
Clay County+/-$3,040+/-$3,267+/-$1,174+/-0.9%+/-$3,757+/-$7,355+/-$6,318+/-$5,435
Otter Tail County+/-$1,842+/-$2,079+/-$804+/-0.7%+/-$10,000+/-$4,103+/-$4,829+/-$1,453
Wilkin County+/-$4,379+/-$5,068+/-$1,822+/-1.0%+/-$24,023+/-$18,993+/-$11,247+/-$7,217