56554 Map

56554 Income Statistics

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Comparison to Surrounding Areas

56554 Median Household Income

The median household income ($91,379) for 56554 is less than the median household income for 56549 ($100,326). But it's more than 56585 ($65,972), 56552 ($51,964), 56569 ($56,250), 56572 ($83,631), 56511 ($87,375), 56521 ($71,741), Clay County ($77,664), Becker County ($71,117), and Lake Park city ($63,250).

56554$91,379
Lake Park city$63,250
Becker County$71,117
Clay County$77,664

56554 Average Household Income

The average household income ($108,054) for 56554 is less than the average household income for 56511 ($119,552) and 56549 ($117,579). But it's more than 56585 ($80,663), 56552 ($78,604), 56569 ($83,120), 56572 ($99,281), 56521 ($94,339), Clay County ($96,841), Becker County ($97,828), and Lake Park city ($80,926).

56554$108,054
Lake Park city$80,926
Becker County$97,828
Clay County$96,841

56554 Per-Capita Income

The per-capita income for 56554 is $45,862. The per capita income ($45,862) for 56554 is less than the per capita income for 56511 ($48,177). But it's more than 56585 ($36,925), 56552 ($30,049), 56569 ($30,069), 56572 ($41,648), 56521 ($41,406), 56549 ($45,404), Clay County ($38,791), Becker County ($40,834), and Lake Park city ($34,935).

56554$45,862
Lake Park city$34,935
Becker County$40,834
Clay County$38,791

56554 High Income Households

10% of households make over $200,000 a year. The percent high income households (10.0%) for 56554 is less than the percent high income households for 56511 (11.0%) and 56549 (10.9%). But it's more than 56585 (2.9%), 56552 (5.9%), 56569 (5.9%), 56572 (8.6%), 56521 (4.4%), Clay County (7.8%), Becker County (7.5%), and Lake Park city (5.2%).

5655410.0%
Lake Park city5.2%
Becker County7.5%
Clay County7.8%

56554 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56554$75,417$105,469$97,344$73,594
Lake Park city$-1$76,250$61,875$42,917
Becker County$41,419$86,133$81,696$57,238
Clay County$37,734$92,726$94,234$54,084

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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 56554 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+
56554+/-$7,543+/-$8,599+/-$3,171+/-3.3%+/-$38,894+/-$14,528+/-$19,651+/-$14,703
Lake Park city+/-$17,949+/-$13,031+/-$4,777+/-4.9%+/-$-1+/-$16,547+/-$15,449+/-$10,988
Becker County+/-$2,512+/-$6,062+/-$2,376+/-0.9%+/-$6,885+/-$5,952+/-$4,293+/-$3,624
Clay County+/-$3,040+/-$3,267+/-$1,174+/-0.9%+/-$3,757+/-$7,355+/-$6,318+/-$5,435