56623 Map

56623 Income Statistics

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Comparison to Surrounding Areas

56623 Median Household Income

The median household income ($74,000) for 56623 is less than the median household income for 56629 ($83,438) and 56685 ($96,250). But it's more than 56627 ($35,809), 56686 ($70,781), 56711 ($-1), Koochiching County ($69,115), Lake of the Woods County ($70,091), and Baudette city ($71,042).

56623$74,000
Baudette city$71,042
Koochiching County$69,115
Lake of the Woods County$70,091

56623 Average Household Income

The average household income ($93,798) for 56623 is more than 56711 ($-1), 56629 ($88,943), 56685 ($83,451), 56686 ($81,968), 56627 ($42,989), Lake of the Woods County ($85,860), Koochiching County ($85,803), and Baudette city ($89,779).

56623$93,798
Baudette city$89,779
Koochiching County$85,803
Lake of the Woods County$85,860

56623 Per-Capita Income

The per-capita income for 56623 is $44,043. The per capita income ($44,043) for 56623 is more than 56711 ($19,579), 56629 ($39,450), 56685 ($38,184), 56686 ($34,970), 56627 ($28,705), Lake of the Woods County ($39,814), Koochiching County ($40,221), and Baudette city ($41,078).

56623$44,043
Baudette city$41,078
Koochiching County$40,221
Lake of the Woods County$39,814

56623 High Income Households

10.2% of households make over $200,000 a year. The percent high income households (10.2%) for 56623 is more than 56711 (0.0%), 56629 (0.0%), 56685 (7.7%), 56686 (5.6%), 56627 (0.0%), Lake of the Woods County (7.4%), Koochiching County (5.1%), and Baudette city (7.9%).

5662310.2%
Baudette city7.9%
Koochiching County5.1%
Lake of the Woods County7.4%

56623 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56623$45,625$102,500$92,955$56,607
Baudette city$37,344$89,375$104,219$40,227
Koochiching County$88,288$95,881$77,054$51,584
Lake of the Woods County$45,625$84,345$89,844$49,000

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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 56623 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+
56623+/-$19,231+/-$9,231+/-$4,413+/-4.9%+/-$32,494+/-$39,254+/-$18,798+/-$19,468
Baudette city+/-$19,030+/-$13,768+/-$5,691+/-5.3%+/-$37,163+/-$42,613+/-$21,873+/-$26,640
Koochiching County+/-$6,174+/-$6,054+/-$2,776+/-1.9%+/-$13,075+/-$12,853+/-$9,876+/-$4,381
Lake of the Woods County+/-$9,314+/-$8,281+/-$3,821+/-3.6%+/-$32,494+/-$10,147+/-$12,427+/-$17,846