Income

Household Income (HHI)

Median HHI - $107,283

With a Median Household Income of $107,283 the Minneapolis-St. Paul, MN-WI Market ranks 15th across STI Markets.

Average HHI - $140,020

The Average Household Income is $140,020 for which this market ranks 14th.

Income Distribution

Figure 37: Income Distribution

Income Distribtuion Line

Below the multi-colored line represents the same data for household income in the Minneapolis-St. Paul, MN-WI market, but more equally lays out the distribution of population versus the income level, correcting for differences in size of income ranges. You will also notice that after 200k the income ranges are scaled down so the focus is more centered on the more numerous Households making under 200k. The black line represents the National Income Distribution for comparison.

Figure 38: Income Distribution Line

Income Inequality - Moderate

The distribution of Household Income in the Minneapolis-St. Paul, MN-WI market can be considered Moderate with a Gini coefficient of 0.422. This market ranks 158th in Household Income Inequality across all STI Markets.

Average Household Income by Census Tract

The interquartile range of Average Household Income across the market’s Census Tracts, that is its 25th percentile and 75th percentile values, are $104,073 and $163,968, respectively.

Figure 39: Household Income Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 40: Income Distribution Line

HHI Age under 25 - $87,804

With an Average Household Income for those head of householders aged under 25 of $87,804 the Minneapolis-St. Paul, MN-WI market ranks 12th across STI Markets.

Figure 41: HHI 00to25 Thematic

HHI Age 25 to 45 - $149,092

With an Average Household Income for those head of householders aged 25 to 45 of $149,092 the Minneapolis-St. Paul, MN-WI market ranks 13th across STI Markets.

Figure 42: HHI 25to45 Thematic

HHI Age 45 to 65 - $158,466

With an Average Household Income for those head of householders aged 45 to 65 of $158,466 the Minneapolis-St. Paul, MN-WI market ranks 13th across STI Markets.

Figure 43: HHI 45to65 Thematic

HHI Age 65 plus - $104,048

With an Average Household Income for those head of householders aged 65 and over of $104,048 the Minneapolis-St. Paul, MN-WI market ranks 24th across STI Markets.

Figure 44: HHI 65over Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 45: Income Distribution Line

HHI White - $144,951

With an Average Household Income for those head of householders Non-Hispanic White of $144,951 the Minneapolis-St. Paul, MN-WI market ranks 17th across STI Markets.

Figure 46: HHI white Thematic

HHI Black - $97,149

With an Average Household Income for those head of householders identifying as Non-Hispanic Black of $97,149 the Minneapolis-St. Paul, MN-WI market ranks 34th across STI Markets.

Figure 47: HHI black Thematic

HHI Asian - $148,748

With an Average Household Income for those head of householders identifying as Non-Hispanic Asian of $148,748 the Minneapolis-St. Paul, MN-WI market ranks 25th across STI Markets.

Figure 48: HHI asian Thematic

HHI Other - $129,123

With an Average Household Income for those head of householders identifying as Non-Hispanic Other of $129,123 the Minneapolis-St. Paul, MN-WI market ranks 21st across STI Markets.

Figure 49: HHI other Thematic

HHI Hispanic - $124,576

With an Average Household Income for those head of householders identifying as Hispanic of $124,576 the Minneapolis-St. Paul, MN-WI market ranks 16th across STI Markets.

Figure 50: HHI hispanic Thematic

Disposible Income - $102,821

Disposable income is defined here as Household Income after accounting for Federal, State, and Local taxes. The Average Household Disposable Income is $102,821 which ranks 15th across STI Markets.

This is a drop of $37,199, or 26.57%, overall this percentage drop ranks 14th across STI Markets.

Figure 51: Disposible Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Discretionary Income - $80,994

Discretionary income goes a step further. It takes Disposable Income, which already accounts for taxes, and accounts for the typical cost of Food, Housing, and Clothing. The Average Household Discretionary Income is $80,994 which ranks 10th across STI Markets.

This is a drop of $59,026, or 42.16%, overall this percentage drop ranks 42nd across STI Markets.

Figure 52: Discretionary Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Labor

Housing