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56554 Income Statistics

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Comparison to Surrounding Areas

56554 Median Household Income

The median household income ($86,607) for 56554 is less than the median household income for 56549 ($98,616). But it's more than 56585 ($58,098), 56552 ($49,766), 56569 ($57,500), 56572 ($73,609), 56511 ($82,330), 56521 ($65,625), Clay County ($75,006), Becker County ($68,683), and Lake Park city ($63,125).

56554$86,607
Lake Park city$63,125
Becker County$68,683
Clay County$75,006

56554 Average Household Income

The average household income ($99,493) for 56554 is less than the average household income for 56511 ($111,006) and 56549 ($113,578). But it's more than 56585 ($71,996), 56552 ($74,929), 56569 ($79,102), 56572 ($89,812), 56521 ($84,377), Clay County ($92,120), Becker County ($93,555), and Lake Park city ($75,842).

56554$99,493
Lake Park city$75,842
Becker County$93,555
Clay County$92,120

56554 Per-Capita Income

The per-capita income for 56554 is $41,851. The per capita income ($41,851) for 56554 is less than the per capita income for 56511 ($46,087) and 56549 ($42,321). But it's more than 56585 ($32,642), 56552 ($29,618), 56569 ($30,040), 56572 ($37,336), 56521 ($37,264), Clay County ($36,586), Becker County ($38,444), and Lake Park city ($31,824).

56554$41,851
Lake Park city$31,824
Becker County$38,444
Clay County$36,586

56554 High Income Households

8.7% of households make over $200,000 a year. The percent high income households (8.7%) for 56554 is more than 56585 (1.7%), 56552 (4.6%), 56569 (3.9%), 56572 (6.6%), 56511 (8.2%), 56521 (2.9%), 56549 (8.7%), Clay County (6.3%), Becker County (6.7%), and Lake Park city (4.5%).

565548.7%
Lake Park city4.5%
Becker County6.7%
Clay County6.3%

56554 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56554$71,875$98,250$97,250$61,250
Lake Park city$-1$73,750$64,375$36,500
Becker County$41,477$84,009$79,360$52,738
Clay County$36,563$87,354$93,473$52,278

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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 56554 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+
56554+/-$14,161+/-$7,785+/-$2,816+/-2.9%+/-$24,858+/-$13,194+/-$22,372+/-$11,510
Lake Park city+/-$21,073+/-$12,908+/-$5,388+/-4.5%+/-$-1+/-$20,881+/-$29,472+/-$12,542
Becker County+/-$2,197+/-$4,783+/-$1,844+/-0.8%+/-$2,529+/-$7,590+/-$4,294+/-$3,854
Clay County+/-$3,165+/-$2,905+/-$1,040+/-0.8%+/-$9,855+/-$5,308+/-$5,334+/-$5,966