What is the median household income in Mound, MN?
The median household income in Mound, MN is $86,675 (±$16,456) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,098 a month would take about $43,900 a year at the common guideline of spending no more than 30% of income on rent.
In Mound, the median household income went from $92,964 in 2015–2019 to $86,675 in 2020–2024 (−6.8%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Figures last updated on .
- Median household income
- $86,675 (±$16,456)
- Median renter income
- $31,827 (±$24,907)
- Income to afford median rent
- about $43,900
Income in Mound against Hennepin County, its state and the nation
| Mound | Hennepin County | Minnesota | United States | |
|---|---|---|---|---|
| Median household income | $86,675 (±$16,456) | $97,653 (±$1,190) | $89,062 (±$409) | $80,734 |
| Median renter household income | $31,827 (±$24,907) | $59,890 (±$1,200) | $51,080 (±$531) | $52,966 |
| Median owner household income | $102,083 (±$15,837) | $130,886 (±$1,463) | $108,214 (±$476) | $100,009 |
| Median gross rent | $1,098 (±$291) | $1,487 (±$14) | $1,280 (±$7) | $1,413 |
In Mound, median household income is not measurably different from Hennepin County ($97,653).
It is not measurably different from Minnesota ($89,062).
It is not measurably different from the national figure ($80,734).
In Hennepin County, Mound ranks 35 of 42 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1185 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 Mound
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 $1,098 a month ($13,176 a year) needs an income of about $43,900 a year.
The median renting household in Mound earns $31,827 a year, less than that.
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 | $92,964 (±$8,837) | $86,675 (±$16,456) | −6.8% | Down after inflation |
| Median gross rent | $1,040 (±$131) | $1,098 (±$291) | +5.6% | No measurable change after inflation |
| Median home value | $261,300 (±$19,555) | $370,800 (±$21,996) | +41.9% | Up 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 Mound
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Mound | — | $86,675 (±$16,456) | — |
| Spring Park | 1.4 mi | $48,315 (±$11,872) | Lower |
| Minnetrista | 2.7 mi | $163,051 (±$23,166) | Higher |
| Village of Minnetonka Beach | 3.5 mi | $250,000 or more | — |
| Shorewood | 3.7 mi | $171,063 (±$27,964) | Higher |
| Tonka Bay | 3.8 mi | $156,458 (±$25,819) | Higher |
| Orono | 4.0 mi | $173,527 (±$23,640) | Higher |
| St. Bonifacius | 4.8 mi | $109,922 (±$19,783) | Not measurably different |
| Victoria | 4.8 mi | $195,639 (±$8,044) | Higher |
Nearby places with a measurably lower figure: Spring Park, MN ($48,315).
Nearby places with a measurably higher figure: Minnetrista, MN ($163,051), Shorewood, MN ($171,063), Tonka Bay, MN ($156,458).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Hennepin County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 29 | St. Anthony (Hennepin County) | $97,363 (±$12,031) |
| 30 | Maple Plain | $93,750 (±$17,581) |
| 31 | Bloomington | $93,211 (±$3,400) |
| 32 | Crystal | $92,513 (±$7,073) |
| 33 | Brooklyn Park | $89,891 (±$4,113) |
| 34 | Robbinsdale | $88,252 (±$5,790) |
| 35 | Mound | $86,675 (±$16,456) |
| 36 | Richfield | $85,132 (±$4,429) |
| 37 | Minneapolis | $80,846 (±$1,824) |
| 38 | New Hope | $77,662 (±$7,537) |
| 39 | Hopkins | $75,234 (±$5,847) |
| 40 | Brooklyn Center | $72,535 (±$3,707) |
| 41 | Osseo | $62,119 (±$10,511) |
Showing 13 of 42 places in Hennepin 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.
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Questions about Mound
What is the median household income in Mound?
The median household income in Mound is $86,675 (±$16,456) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Mound?
About $43,900 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,098 a month.
Have incomes in Mound kept up with inflation?
In Mound, the median household income went from $92,964 in 2015–2019 to $86,675 in 2020–2024 (−6.8%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
What do renters earn in Mound?
The median renting household in Mound, MN earns $31,827 (±$24,907) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Mound city, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Mound city, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Mound city, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Mound city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Mound city, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Mound 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 Mound city, Minnesota (place:44476, 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 Mound at a glance
- Median rent in Mound
- Rent by bedrooms in Mound
- Rent burden in Mound
- Renters and owners in Mound
- Home values in Mound
- Homeowner costs in Mound
- Property taxes in Mound
- Types of homes in Mound
- Bedrooms in Mound
- Age of homes in Mound
- Heating fuel in Mound
- Commute and cars in Mound
- Population growth in Mound
- How long people stay in Mound
- Crowding and facilities in Mound
- Minnesota landlord and tenant rules
- Housing across Hennepin County
- Minnesota places ranked by median household income
- Housing data for every place in Minnesota