56586 Map

56586 Income Statistics

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Comparison to Surrounding Areas

56586 Median Household Income

The median household income ($82,333) for 56586 is more than 56576 ($73,523), 56534 ($71,932), 56537 ($62,279), 56324 ($79,219), 56515 ($73,350), 56528 ($80,667), Otter Tail County ($70,912), and Underwood city ($73,750).

56586$82,333
Underwood city$73,750
Otter Tail County$70,912

56586 Average Household Income

The average household income ($99,238) for 56586 is more than 56576 ($93,547), 56534 ($91,755), 56537 ($82,488), 56324 ($98,748), 56515 ($93,565), 56528 ($97,462), Otter Tail County ($90,657), and Underwood city ($78,339).

56586$99,238
Underwood city$78,339
Otter Tail County$90,657

56586 Per-Capita Income

The per-capita income for 56586 is $44,405. The per capita income ($44,405) for 56586 is more than 56576 ($42,857), 56534 ($37,694), 56537 ($36,423), 56324 ($42,042), 56515 ($44,402), 56528 ($43,638), Otter Tail County ($38,723), and Underwood city ($31,988).

56586$44,405
Underwood city$31,988
Otter Tail County$38,723

56586 High Income Households

7.3% of households make over $200,000 a year. The percent high income households (7.3%) for 56586 is less than the percent high income households for 56324 (7.4%), 56515 (8.4%), 56528 (8.8%), and 56576 (8.4%). But it's more than 56534 (7.0%), 56537 (6.6%), Otter Tail County (7.2%), and Underwood city (0.0%).

565867.3%
Underwood city0.0%
Otter Tail County7.2%

56586 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56586$66,875$101,250$95,688$71,250
Underwood city$-1$85,625$84,028$47,813
Otter Tail County$38,808$86,784$90,657$51,865

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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 56586 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+
56586+/-$5,441+/-$7,053+/-$3,428+/-2.5%+/-$43,519+/-$27,902+/-$9,196+/-$11,871
Underwood city+/-$18,453+/-$9,095+/-$4,460+/-10.6%+/-$-1+/-$49,214+/-$13,587+/-$14,216
Otter Tail County+/-$1,842+/-$2,079+/-$804+/-0.7%+/-$10,000+/-$4,103+/-$4,829+/-$1,453