What is the median household income in Gibbon, MN?
The median household income in Gibbon, MN is $55,278 (±$10,810) a year (2020–2024 American Community Survey).
Paying the median gross rent of $950 a month would take about $38,000 a year at the common guideline of spending no more than 30% of income on rent.
In Gibbon, the median household income went from $47,250 in 2015–2019 to $55,278 in 2020–2024 (+17.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $55,278 (±$10,810)
- Median renter income
- $57,708 (±$4,621)
- Income to afford median rent
- about $38,000
Income in Gibbon against Sibley County, its state and the nation
| Gibbon | Sibley County | Minnesota | United States | |
|---|---|---|---|---|
| Median household income | $55,278 (±$10,810) | $77,634 (±$3,949) | $89,062 (±$409) | $80,734 |
| Median renter household income | $57,708 (±$4,621) | $49,167 (±$7,078) | $51,080 (±$531) | $52,966 |
| Median owner household income | $47,292 (±$16,622) | $86,867 (±$5,202) | $108,214 (±$476) | $100,009 |
| Median gross rent | $950 (±$235) | $855 (±$76) | $1,280 (±$7) | $1,413 |
In Gibbon, median household income is lower than in Sibley County ($77,634).
It is also lower than in Minnesota ($89,062).
It is lower than the national figure ($80,734).
In Sibley County, Gibbon ranks 24 of 24 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 2321 of 2,568.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Gibbon
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $950 a month ($11,400 a year) needs an income of about $38,000 a year.
The median renting household in Gibbon earns $57,708 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $47,250 (±$4,621) | $55,278 (±$10,810) | +17.0% | No measurable change after inflation |
| Median gross rent | $638 (±$105) | $950 (±$235) | +48.9% | No measurable change after inflation |
| Median home value | $68,700 (±$11,874) | $102,700 (±$25,879) | +49.5% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Gibbon
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Gibbon | — | $55,278 (±$10,810) | — |
| Severance Township | 2.4 mi | $69,375 (±$33,973) | Not measurably different |
| Moltke Township | 4.1 mi | $84,250 (±$26,600) | Higher |
| Bismarck Township | 5.5 mi | $75,000 (±$19,329) | Not measurably different |
| Cornish Township (Sibley County) | 5.6 mi | $78,750 (±$13,114) | Higher |
| Winthrop | 8.1 mi | $69,219 (±$13,386) | Not measurably different |
| Cairo Township | 8.2 mi | $38,438 (±$29,035) | Not measurably different |
| Lafayette | 8.8 mi | $88,750 (±$23,908) | Higher |
| West Newton Township | 8.9 mi | $102,500 (±$10,566) | Higher |
Nearby places with a measurably higher figure: Moltke Township, MN ($84,250), Cornish Township (Sibley County), MN ($78,750), Lafayette, MN ($88,750).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Sibley County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 18 | Bismarck Township | $75,000 (±$19,329) |
| 19 | New Auburn | $73,750 (±$21,977) |
| 20 | Severance Township | $69,375 (±$33,973) |
| 21 | Winthrop | $69,219 (±$13,386) |
| 22 | Arlington | $68,073 (±$7,947) |
| 23 | Gaylord | $57,243 (±$10,289) |
| 24 | Gibbon | $55,278 (±$10,810) |
Showing 7 of 24 places in Sibley County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Gibbon
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Gibbon beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Gibbon, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Gibbon, and send estimates and invoices from your phone.
Questions about Gibbon
What is the median household income in Gibbon?
The median household income in Gibbon is $55,278 (±$10,810) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Gibbon?
About $38,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $950 a month.
Have incomes in Gibbon kept up with inflation?
In Gibbon, the median household income went from $47,250 in 2015–2019 to $55,278 in 2020–2024 (+17.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Gibbon?
The median renting household in Gibbon, MN earns $57,708 (±$4,621) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Gibbon city, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Gibbon city, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Gibbon city, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Gibbon city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Gibbon city, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Gibbon city, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Gibbon city, Minnesota (place:23678, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Gibbon at a glance
- Renters and owners in Gibbon
- Home values in Gibbon
- Homeowner costs in Gibbon
- Property taxes in Gibbon
- Types of homes in Gibbon
- Bedrooms in Gibbon
- Age of homes in Gibbon
- Heating fuel in Gibbon
- Commute and cars in Gibbon
- How long people stay in Gibbon
- Minnesota landlord and tenant rules
- Housing across Sibley County
- Minnesota places ranked by median household income
- Housing data for every place in Minnesota