54840 Map

54840 Income Statistics

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Comparison to Surrounding Areas

54840 Median Household Income

The median household income ($63,988) for 54840 is less than the median household income for 55069 ($75,139), 54006 ($76,719), 54024 ($76,455), 54830 ($65,231), 54837 ($69,583), 54853 ($72,750), 55032 ($106,522), 55056 ($93,601), 55063 ($74,854), and Polk County ($76,208). But it's more than 54872 ($51,781), 54893 ($57,454), 55037 ($61,319), Burnett County ($61,664), and Grantsburg village ($40,625).

54840$63,988
Grantsburg village$40,625
Burnett County$61,664
Polk County$76,208

54840 Average Household Income

The average household income ($85,823) for 54840 is less than the average household income for 55069 ($94,035), 54006 ($99,213), 54024 ($97,406), 54830 ($89,276), 54853 ($87,779), 55032 ($110,357), 55056 ($114,268), 55063 ($87,244), and Polk County ($92,480). But it's more than 54837 ($82,529), 54872 ($70,517), 54893 ($76,720), 55037 ($76,135), Burnett County ($82,526), and Grantsburg village ($59,592).

54840$85,823
Grantsburg village$59,592
Burnett County$82,526
Polk County$92,480

54840 Per-Capita Income

The per-capita income for 54840 is $38,232. The per capita income ($38,232) for 54840 is less than the per capita income for 54830 ($44,707), 54006 ($47,000), 54024 ($41,668), 55056 ($44,630), 54853 ($39,789), 55032 ($42,106), and Polk County ($39,402). But it's more than 55069 ($33,581), 55037 ($30,562), 55063 ($38,061), 54837 ($37,913), 54872 ($34,282), 54893 ($34,051), Burnett County ($37,790), and Grantsburg village ($28,554).

54840$38,232
Grantsburg village$28,554
Burnett County$37,790
Polk County$39,402

54840 High Income Households

4.1% of households make over $200,000 a year. The percent high income households (4.1%) for 54840 is less than the percent high income households for 55069 (7.0%), 55056 (9.2%), 55063 (5.5%), 54024 (7.1%), 54830 (7.9%), 54837 (4.3%), 54853 (4.9%), 54893 (5.6%), 55032 (9.0%), 55037 (4.5%), Polk County (6.2%), and Burnett County (5.6%). But it's more than 54006 (3.6%), 54872 (3.7%), and Grantsburg village (2.5%).

548404.1%
Grantsburg village2.5%
Burnett County5.6%
Polk County6.2%

54840 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
54840$54,688$90,833$67,446$45,278
Grantsburg village$-1$48,750$58,393$32,115
Burnett County$47,500$81,500$69,067$52,122
Polk County$71,579$91,109$89,790$55,852

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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 54840 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+
54840+/-$5,292+/-$8,701+/-$3,891+/-1.2%+/-$46,430+/-$17,185+/-$13,720+/-$6,226
Grantsburg village+/-$13,815+/-$7,876+/-$3,306+/-1.8%+/-$-1+/-$20,305+/-$14,506+/-$2,618
Burnett County+/-$2,570+/-$3,095+/-$1,487+/-0.9%+/-$16,011+/-$8,025+/-$3,084+/-$1,643
Polk County+/-$1,997+/-$2,129+/-$829+/-0.7%+/-$16,352+/-$6,841+/-$3,180+/-$1,889