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%).

58240	1.7%
Hatton city	0.0%
Grand Forks County	6.1%
Steele County	7.8%
Traill County	8.5%

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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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
	Median Household Income	Average Household Income	Per Capita Income	High Income Households	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