56588 Map

56588 Income Statistics

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Comparison to Surrounding Areas

56588 Median Household Income

The median household income ($61,406) for 56588 is less than the median household income for 56315 ($85,893), 56361 ($69,556), 56524 ($70,833), Otter Tail County ($67,990), and Urbank city ($66,250). But it's more than 56551 ($60,000) and Vining city ($-1).

56588$61,406
Urbank city$66,250
Vining city$-1
Otter Tail County$67,990

56588 Average Household Income

The average household income ($85,841) for 56588 is less than the average household income for 56315 ($92,027), 56524 ($108,853), Otter Tail County ($86,947), and Vining city ($124,213). But it's more than 56361 ($83,865), 56551 ($76,744), and Urbank city ($63,267).

56588$85,841
Urbank city$63,267
Vining city$124,213
Otter Tail County$86,947

56588 Per-Capita Income

The per-capita income for 56588 is $36,279. The per capita income ($36,279) for 56588 is less than the per capita income for 56524 ($44,539), Otter Tail County ($37,202), and Vining city ($39,651). But it's more than 56315 ($35,755), 56361 ($31,142), 56551 ($34,681), and Urbank city ($30,509).

56588$36,279
Urbank city$30,509
Vining city$39,651
Otter Tail County$37,202

56588 High Income Households

9.3% of households make over $200,000 a year. The percent high income households (9.3%) for 56588 is more than 56315 (3.5%), 56361 (3.5%), 56524 (9.3%), 56551 (3.4%), Otter Tail County (6.4%), Urbank city (0.0%), and Vining city (32.3%).

565889.3%
Urbank city0.0%
Vining city32.3%
Otter Tail County6.4%

56588 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56588$-1$80,000$96,250$45,750
Urbank city$-1$80,417$-1$-1
Vining city$-1$-1$-1$42,917
Otter Tail County$41,955$84,213$82,839$49,023

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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 56588 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+
56588+/-$11,259+/-$15,231+/-$5,120+/-7.1%+/-$-1+/-$19,839+/-$61,550+/-$11,802
Urbank city+/-$29,021+/-$16,768+/-$7,224+/-60.1%+/-$-1+/-$11,141+/-$-1+/-$-1
Vining city+/-$-1+/-$59,310+/-$9,167+/-34.9%+/-$-1+/-$-1+/-$-1+/-$8,154
Otter Tail County+/-$2,597+/-$2,258+/-$903+/-0.7%+/-$9,043+/-$3,690+/-$5,386+/-$2,379