58240 Map

58240 Income Statistics

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Comparison to Surrounding Areas

58240 Median Household Income

The median household income ($76,250) for 58240 is less than the median household income for 58278 ($103,571), 58274 ($102,143), 58275 ($92,917), 58218 ($83,750), 58230 ($90,221), 58257 ($77,125), 58267 ($87,500), Traill County ($88,289), and Steele County ($80,313). But it's more than 58277 ($-1), Grand Forks County ($68,450), and Hatton city ($72,885).

58240$76,250
Hatton city$72,885
Grand Forks County$68,450
Steele County$80,313
Traill County$88,289

58240 Average Household Income

The average household income ($92,054) for 58240 is less than the average household income for 58278 ($120,604), 58274 ($116,170), 58275 ($120,123), 58218 ($116,074), 58230 ($95,758), 58267 ($100,452), Traill County ($105,020), and Steele County ($93,665). But it's more than 58257 ($91,115), 58277 ($85,152), Grand Forks County ($91,810), and Hatton city ($84,986).

58240$92,054
Hatton city$84,986
Grand Forks County$91,810
Steele County$93,665
Traill County$105,020

58240 Per-Capita Income

The per-capita income for 58240 is $42,618. The per capita income ($42,618) for 58240 is less than the per capita income for 58230 ($42,763), 58275 ($50,611), 58278 ($47,143), 58218 ($42,834), 58274 ($51,632), Traill County ($43,803), and Hatton city ($45,981). But it's more than 58257 ($34,440), 58267 ($37,413), 58277 ($37,780), Grand Forks County ($39,597), and Steele County ($41,390).

58240$42,618
Hatton city$45,981
Grand Forks County$39,597
Steele County$41,390
Traill County$43,803

58240 High Income Households

3.5% of households make over $200,000 a year. The percent high income households (3.5%) for 58240 is less than the percent high income households for 58278 (16.1%), 58274 (14.4%), 58275 (7.9%), 58277 (19.3%), 58218 (18.4%), 58230 (10.4%), 58257 (6.7%), 58267 (9.5%), Steele County (9.6%), Traill County (9.9%), and Grand Forks County (7.6%). But it's more than Hatton city (2.2%).

582403.5%
Hatton city2.2%
Grand Forks County7.6%
Steele County9.6%
Traill County9.9%

58240 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
58240$32,321$67,500$111,000$59,000
Hatton city$32,321$51,250$108,869$59,000
Grand Forks County$34,069$79,960$93,765$55,672
Steele County$48,750$100,000$113,750$47,500
Traill County$40,000$94,158$107,188$61,750

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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 58240 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+
58240+/-$23,486+/-$7,709+/-$4,807+/-2.1%+/-$22,409+/-$25,381+/-$14,702+/-$10,026
Hatton city+/-$16,953+/-$9,166+/-$5,562+/-2.0%+/-$22,409+/-$12,918+/-$11,643+/-$9,007
Grand Forks County+/-$2,748+/-$3,091+/-$1,264+/-1.0%+/-$3,129+/-$5,013+/-$7,502+/-$5,230
Steele County+/-$17,692+/-$10,306+/-$4,238+/-4.1%+/-$17,490+/-$44,406+/-$11,446+/-$16,425
Traill County+/-$10,237+/-$6,198+/-$2,431+/-1.6%+/-$19,082+/-$8,643+/-$9,693+/-$5,018