Income

Household Income (HHI)

Median HHI - $80,891

With a Median Household Income of $80,891 the St. Cloud, MN Market ranks 63rd across STI Markets.

Average HHI - $102,200

The Average Household Income is $102,200 for which this market ranks 84th.

Income Distribution

Figure 37: Income Distribution

Income Distribtuion Line

Below the multi-colored line represents the same data for household income in the St. Cloud, MN 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 St. Cloud, MN market can be considered Moderate with a Gini coefficient of 0.422. This market ranks 160th 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 $87,386 and $112,020, 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 - $66,381

With an Average Household Income for those head of householders aged under 25 of $66,381 the St. Cloud, MN market ranks 59th across STI Markets.

Figure 41: HHI 00to25 Thematic

HHI Age 25 to 45 - $113,345

With an Average Household Income for those head of householders aged 25 to 45 of $113,345 the St. Cloud, MN market ranks 68th across STI Markets.

Figure 42: HHI 25to45 Thematic

HHI Age 45 to 65 - $118,357

With an Average Household Income for those head of householders aged 45 to 65 of $118,357 the St. Cloud, MN market ranks 79th across STI Markets.

Figure 43: HHI 45to65 Thematic

HHI Age 65 plus - $77,273

With an Average Household Income for those head of householders aged 65 and over of $77,273 the St. Cloud, MN market ranks 124th 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 - $104,208

With an Average Household Income for those head of householders Non-Hispanic White of $104,208 the St. Cloud, MN market ranks 102nd across STI Markets.

Figure 46: HHI white Thematic

HHI Black - $78,428

With an Average Household Income for those head of householders identifying as Non-Hispanic Black of $78,428 the St. Cloud, MN market ranks 79th across STI Markets.

Figure 47: HHI black Thematic

HHI Asian - $88,083

With an Average Household Income for those head of householders identifying as Non-Hispanic Asian of $88,083 the St. Cloud, MN market ranks 159th across STI Markets.

Figure 48: HHI asian Thematic

HHI Other - $90,590

With an Average Household Income for those head of householders identifying as Non-Hispanic Other of $90,590 the St. Cloud, MN market ranks 104th across STI Markets.

Figure 49: HHI other Thematic

HHI Hispanic - $85,878

With an Average Household Income for those head of householders identifying as Hispanic of $85,878 the St. Cloud, MN market ranks 125th across STI Markets.

Figure 50: HHI hispanic Thematic

Disposible Income - $80,312

Disposable income is defined here as Household Income after accounting for Federal, State, and Local taxes. The Average Household Disposable Income is $80,312 which ranks 84th across STI Markets.

This is a drop of $21,888, or 21.42%, overall this percentage drop ranks 85th 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 - $62,340

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 $62,340 which ranks 77th across STI Markets.

This is a drop of $39,859, or 39%, overall this percentage drop ranks 144th 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