GITNUX MARKETDATA REPORT 2024

Statistics About The Average Household Income Minnesota

The average household income in Minnesota is around $74,000.

Last Updated: June 18, 2024

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In this post, we explore the various statistics surrounding household income in Minnesota. From the median household income trends over the years to disparities based on gender and location, a comprehensive look at the income landscape in Minnesota is presented. Let’s delve into the numbers and patterns that shape the economic fabric of the state.

Statistic 1

"The median household income in Minnesota was $74,593 in 2019."

Statistic 2

"From 1984 to 2019, Minnesota's median household income increased by 119.81%"

Statistic 3

"In 2017, the median household income for Minnesota families with children was $80,253."

Statistic 4

"In 2015, the median income for Minnesota households headed by a married couple was $87,605."

Statistic 5

"As of 2018, the city with the highest median household income in Minnesota is North Oaks, at $134,485."

Statistic 6

"In 2016, the median income for a household in the Minneapolis city was $63,590."

Statistic 7

"In 2018, male median income was 49% higher than female median income in Minnesota."

Statistic 8

"Between 2017 and 2018 the median household income in Minnesota grew by 2.48%."

Statistic 9

"In 2019, median household income grew by 6.8% in Minnesota."

Statistic 10

"In 2020, the average income for a four-person household in Minnesota is $91,800."

Statistic 11

"Between 1979 and 2014, the top 1% of earners in Minnesota saw their incomes grow by 227%, while the average income for the rest of the population grew by just 45%."

Statistic 12

"In 2018, Minnesota ranked 13th in the U.S. for highest median household income."

Statistic 13

"In 2019, the average household income in Dakota County, Minnesota was $94,931."

Statistic 14

"The county with the lowest average household income in Minnesota is Lake of the Woods County, at $43,839 as of 2019."

The statistics on household income in Minnesota paint a varied picture of economic trends within the state. Overall, there has been significant growth in median household incomes over the years, with notable increases observed in specific demographics such as married couples and families with children. Disparities between male and female median incomes are still evident, with males earning significantly more on average. While some areas like North Oaks boast high median incomes, others like Lake of the Woods County lag behind. The data also show a widening income gap between the top earners and the rest of the population, highlighting the need for policies that address income inequality in the state.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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