54840 Income Statistics

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Comparison to Surrounding Areas

54840 Median Household Income

The median household income ($63,893) for 54840 is less than the median household income for 55069 ($69,909), 54006 ($71,429), 54024 ($75,587), 54853 ($65,855), 55032 ($105,045), 55056 ($94,631), 55063 ($70,864), and Polk County ($74,142). But it's more than 54837 ($63,646), 54893 ($57,165), 55037 ($56,544), 54830 ($63,039), 54872 ($52,366), Burnett County ($60,466), and Grantsburg village ($44,808).

54840	$63,893
Grantsburg village	$44,808
Burnett County	$60,466
Polk County	$74,142

54840 Average Household Income

The average household income ($82,511) for 54840 is less than the average household income for 55069 ($91,935), 54006 ($90,153), 54024 ($91,990), 54830 ($84,947), 55032 ($107,839), 55056 ($114,712), 55063 ($85,106), and Polk County ($89,208). But it's more than 54853 ($82,478), 54893 ($76,916), 55037 ($72,516), 54837 ($77,854), 54872 ($71,081), Burnett County ($79,906), and Grantsburg village ($57,915).

54840	$82,511
Grantsburg village	$57,915
Burnett County	$79,906
Polk County	$89,208

54840 Per-Capita Income

The per-capita income for 54840 is $36,505. The per capita income ($36,505) for 54840 is less than the per capita income for 55063 ($37,013), 54006 ($43,337), 54024 ($39,125), 54830 ($42,743), 54853 ($37,757), 55032 ($41,208), 55056 ($44,041), and Polk County ($37,674). But it's more than 54872 ($32,076), 55037 ($28,715), 55069 ($32,725), 54837 ($35,615), 54893 ($34,797), Burnett County ($36,322), and Grantsburg village ($25,776).

54840	$36,505
Grantsburg village	$25,776
Burnett County	$36,322
Polk County	$37,674

54840 High Income Households

4.1% of households make over $200,000 a year. The percent high income households (4.1%) for 54840 is more than 55069 (6.5%), 55037 (3.3%), 55056 (10.2%), 55063 (5.9%), 54006 (1.2%), 54024 (4.8%), 54830 (4.5%), 54837 (2.8%), 54853 (4.6%), 54872 (4.3%), 54893 (5.2%), 55032 (8.1%), Polk County (5.4%), Burnett County (4.8%), and Grantsburg village (2.4%).

54840	4.1%
Grantsburg village	2.4%
Burnett County	4.8%
Polk County	5.4%

54840 Median Household Income by Age of Householder

	under 25 years	25 to 44 years	45 to 64 years	65 years and over
54840	$66,042	$81,563	$69,514	$43,438
Grantsburg village	$66,042	$50,278	$57,292	$29,744
Burnett County	$59,643	$72,550	$69,292	$50,696
Polk County	$67,721	$87,727	$86,197	$53,476

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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 54840 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+
54840	+/-$2,966	+/-$6,392	+/-$3,121	+/-1.2%	+/-$3,134	+/-$21,216	+/-$15,487	+/-$6,020
Grantsburg village	+/-$7,785	+/-$6,826	+/-$2,681	+/-1.9%	+/-$3,192	+/-$7,242	+/-$6,681	+/-$9,809
Burnett County	+/-$2,487	+/-$3,191	+/-$1,491	+/-0.7%	+/-$10,471	+/-$6,053	+/-$6,757	+/-$1,957
Polk County	+/-$1,731	+/-$2,055	+/-$796	+/-0.7%	+/-$17,759	+/-$4,230	+/-$3,664	+/-$2,717