What is the median household income in Minnesota?
The median household income in Minnesota is $87,556, with a per capita income of $46,957, according to Census ACS 5-Year estimates. The poverty rate is 5.5%.
Context
Median household income represents the midpoint of all household incomes in Minnesota. It is generally a better indicator of typical household finances than the mean, which can be skewed by extremely high earners. Income should be considered alongside cost of living, a dollar stretches further in lower-income states with cheaper housing.
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Frequently Asked Questions
The median household income in Minnesota is $87,556, with a per capita income of $46,957, according to Census ACS 5-Year estimates. The poverty rate is 5.5%.