Household Income in ZIP Code 55455, Minnesota (ZIP Code)

Map of Household Income by Tract in ZIP Code 55455

Median Household Income by Tract#1

Median household income ($):
$19k$28k$36k$45k$54k$63k

20th Percentile Household Income by Tract#2

20th percentile of household income ($):
$5,300$9,200$13,100$17,000$20,900$24,800

Mean of the Top 5% Household Income by Tract#3

Mean household income of the top 5% of households ($):
$148k$180k$210k$241k$271k$303k

Gini Index Household Income by Tract#4

Gini Index of income inequality (larger Gini Index means more inequality) (%):
45.6%48.0%50.3%52.7%55.0%57.4%
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Definitions

  • Household Income: total income from all people in the household
  • Median: in terms of income, it is the income for which 50% of households have a lower income, and 50% have a higher income
  • Percentile: for example, the 80th percentile of household income is the income for which 80% of household have a lower income and 20% have a higher income
  • Quintile: a quintile is 20% of a population, grouped by percentile; for example, the 2nd quintile is all members of a population between the 20th and 40th percentiles
  • Gini Index: a statistical measure of how unevenly income is distributed in a population (ranging from 0% to 100%, the higher the number, the greater the inequality)

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