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56623 Map

56623 Income Statistics

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Comparison to Surrounding Areas

56623 Median Household Income

The median household income ($64,792) for 56623 is less than the median household income for 56629 ($78,194) and 56685 ($71,250). But it's more than 56627 ($33,958), 56686 ($64,531), 56711 ($-1), Koochiching County ($59,779), Lake of the Woods County ($61,667), and Baudette city ($63,843).

56623$64,792
Baudette city$63,843
Koochiching County$59,779
Lake of the Woods County$61,667

56623 Average Household Income

The average household income ($85,357) for 56623 is less than the average household income for 56629 ($87,490). But it's more than 56627 ($49,256), 56685 ($80,546), 56686 ($72,773), 56711 ($-1), Lake of the Woods County ($77,077), Koochiching County ($76,411), and Baudette city ($78,352).

56623$85,357
Baudette city$78,352
Koochiching County$76,411
Lake of the Woods County$77,077

56623 Per-Capita Income

The per-capita income for 56623 is $39,626. The per capita income ($39,626) for 56623 is less than the per capita income for 56685 ($41,319). But it's more than 56627 ($31,958), 56629 ($38,249), 56686 ($30,172), 56711 ($17,429), Lake of the Woods County ($35,308), Koochiching County ($36,515), and Baudette city ($38,702).

56623$39,626
Baudette city$38,702
Koochiching County$36,515
Lake of the Woods County$35,308

56623 High Income Households

7.8% of households make over $200,000 a year. The percent high income households (7.8%) for 56623 is more than 56711 (0.0%), 56629 (0.0%), 56685 (12.0%), 56686 (3.6%), 56627 (0.0%), Lake of the Woods County (4.7%), Koochiching County (2.6%), and Baudette city (3.5%).

566237.8%
Baudette city3.5%
Koochiching County2.6%
Lake of the Woods County4.7%

56623 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
56623$59,028$80,000$87,742$44,535
Baudette city$65,278$65,156$85,500$36,667
Koochiching County$85,946$81,205$68,214$51,713
Lake of the Woods County$59,028$80,833$68,036$42,538

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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 56623 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+
56623+/-$6,669+/-$10,291+/-$4,313+/-4.3%+/-$10,027+/-$42,586+/-$20,574+/-$14,802
Baudette city+/-$9,913+/-$13,981+/-$6,920+/-3.9%+/-$45,213+/-$35,718+/-$55,981+/-$17,618
Koochiching County+/-$4,209+/-$5,154+/-$2,222+/-1.3%+/-$16,909+/-$13,813+/-$11,221+/-$4,262
Lake of the Woods County+/-$5,812+/-$7,500+/-$3,109+/-2.5%+/-$10,027+/-$19,920+/-$21,404+/-$13,642