Income

Household Income (HHI)

Median HHI - $73,644

With a Median Household Income of $73,644 the St. Cloud, MN Market ranks 62nd across STI Markets.

Average HHI - $92,845

The Average Household Income is $92,845 for which this market ranks 82nd.

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 0.419. This market ranks 161st 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 $79,451 and $104,165, 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 - $59,059

With an Average Household Income for those head of householders aged under 25 of $59,059 the St. Cloud, MN market ranks 61st across STI Markets.

Figure 41: HHI 00to25 Thematic

HHI Age 25 to 45 - $103,442

With an Average Household Income for those head of householders aged 25 to 45 of $103,442 the St. Cloud, MN market ranks 66th across STI Markets.

Figure 42: HHI 25to45 Thematic

HHI Age 45 to 65 - $107,183

With an Average Household Income for those head of householders aged 45 to 65 of $107,183 the St. Cloud, MN market ranks 78th across STI Markets.

Figure 43: HHI 45to65 Thematic

HHI Age 65 plus - $70,377

With an Average Household Income for those head of householders aged 65 and over of $70,377 the St. Cloud, MN market ranks 125th 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 - $94,701

With an Average Household Income for those head of householders Non-Hispanic White of $94,701 the St. Cloud, MN market ranks 105th across STI Markets.

Figure 46: HHI white Thematic

HHI Black - $64,128

With an Average Household Income for those head of householders identifying as Non-Hispanic Black of $64,128 the St. Cloud, MN market ranks 111th across STI Markets.

Figure 47: HHI black Thematic

HHI Asian - $76,778

With an Average Household Income for those head of householders identifying as Non-Hispanic Asian of $76,778 the St. Cloud, MN market ranks 160th across STI Markets.

Figure 48: HHI asian Thematic

HHI Other - $82,747

With an Average Household Income for those head of householders identifying as Non-Hispanic Other of $82,747 the St. Cloud, MN market ranks 100th across STI Markets.

Figure 49: HHI other Thematic

HHI Hispanic - $79,322

With an Average Household Income for those head of householders identifying as Hispanic of $79,322 the St. Cloud, MN market ranks 106th across STI Markets.

Figure 50: HHI hispanic Thematic

Disposible Income - $73,799

Disposable income is defined here as Household Income after accounting for Federal, State, and Local taxes. The Average Household Disposable Income is $73,799 which ranks 81st across STI Markets.

This is a drop of $19,046, or 20.51%, overall this percentage drop ranks 92nd 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 - $53,927

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 $53,927 which ranks 73rd across STI Markets.

This is a drop of $38,918, or 41.92%, overall this percentage drop ranks 119th 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