58240 Map

58240 Income Statistics

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Comparison to Surrounding Areas

58240 Median Household Income

The median household income ($72,917) for 58240 is less than the median household income for 58278 ($94,125), 58275 ($87,083), 58277 ($82,125), 58230 ($87,794), 58257 ($78,365), 58267 ($86,154), 58274 ($81,500), Traill County ($81,157), and Steele County ($85,750). But it's more than 58218 ($66,625), Grand Forks County ($64,698), and Hatton city ($67,500).

58240$72,917
Hatton city$67,500
Grand Forks County$64,698
Steele County$85,750
Traill County$81,157

58240 Average Household Income

The average household income ($86,520) for 58240 is less than the average household income for 58278 ($111,777), 58275 ($113,036), 58277 ($103,963), 58218 ($107,339), 58230 ($91,566), 58257 ($94,088), 58267 ($99,394), 58274 ($99,144), Traill County ($99,090), and Steele County ($94,649). But it's more than Grand Forks County ($86,429) and Hatton city ($79,061).

58240$86,520
Hatton city$79,061
Grand Forks County$86,429
Steele County$94,649
Traill County$99,090

58240 Per-Capita Income

The per-capita income for 58240 is $37,827. The per capita income ($37,827) for 58240 is less than the per capita income for 58278 ($46,057), 58274 ($41,195), 58275 ($47,921), 58277 ($44,679), 58218 ($39,744), 58230 ($41,553), 58267 ($37,842), Traill County ($40,942), Steele County ($40,435), and Hatton city ($39,732). But it's more than 58257 ($35,454) and Grand Forks County ($37,159).

58240$37,827
Hatton city$39,732
Grand Forks County$37,159
Steele County$40,435
Traill County$40,942

58240 High Income Households

1.7% of households make over $200,000 a year. The percent high income households (1.7%) for 58240 is more than 58278 (12.8%), 58267 (9.6%), 58274 (10.8%), 58275 (8.3%), 58277 (26.2%), 58218 (12.9%), 58230 (6.1%), 58257 (6.8%), Steele County (7.8%), Traill County (8.5%), Grand Forks County (6.1%), and Hatton city (0.0%).

582401.7%
Hatton city0.0%
Grand Forks County6.1%
Steele County7.8%
Traill County8.5%

58240 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
58240$48,750$63,333$104,348$59,688
Hatton city$48,750$46,786$102,880$60,625
Grand Forks County$33,670$77,739$89,079$48,343
Steele County$50,469$120,357$105,781$51,563
Traill County$43,438$89,139$104,120$58,398

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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 58240 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+
58240+/-$15,328+/-$7,659+/-$3,941+/-1.6%+/-$26,245+/-$24,856+/-$5,256+/-$5,995
Hatton city+/-$13,807+/-$9,893+/-$5,530+/-8.1%+/-$26,245+/-$10,674+/-$17,408+/-$10,766
Grand Forks County+/-$3,147+/-$2,874+/-$1,022+/-0.9%+/-$3,249+/-$3,653+/-$5,697+/-$9,615
Steele County+/-$10,864+/-$8,134+/-$3,638+/-4.0%+/-$5,293+/-$42,310+/-$14,347+/-$18,319
Traill County+/-$8,209+/-$5,274+/-$2,377+/-1.5%+/-$15,055+/-$9,983+/-$6,831+/-$5,290