What is the median household income in Spring Park, MN?

Name: Income and affordability in Spring Park, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median household income in Spring Park, MN is $48,315 (±$11,872) a year (2020–2024 American Community Survey).

Paying the median gross rent of $1,241 a month would take about $49,600 a year at the common guideline of spending no more than 30% of income on rent.

In Spring Park, the median household income went from $50,678 in 2015–2019 to $48,315 in 2020–2024 (−4.7%).

Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.

Figures last updated on November 12, 2026.

Median household income: $48,315 (±$11,872)
Median renter income: $41,637 (±$5,342)
Income to afford median rent: about $49,600

Income in Spring Park against Hennepin County, its state and the nation

Income, estimate (90% margin of error)
	Spring Park	Hennepin County	Minnesota	United States
Median household income	$48,315 (±$11,872)	$97,653 (±$1,190)	$89,062 (±$409)	$80,734
Median renter household income	$41,637 (±$5,342)	$59,890 (±$1,200)	$51,080 (±$531)	$52,966
Median owner household income	$117,188 (±$84,514)	$130,886 (±$1,463)	$108,214 (±$476)	$100,009
Median gross rent	$1,241 (±$163)	$1,487 (±$14)	$1,280 (±$7)	$1,413

In Spring Park, median household income is lower than in Hennepin County ($97,653).

It is also lower than in Minnesota ($89,062).

It is lower than the national figure ($80,734).

In Hennepin County, Spring Park ranks 42 of 42 places with a published estimate, from highest to lowest median household income.

Statewide, it ranks 2442 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 Spring Park

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 $1,241 a month ($14,892 a year) needs an income of about $49,600 a year.

The median renting household in Spring Park earns $41,637 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 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median household income	$50,678 (±$4,026)	$48,315 (±$11,872)	−4.7%	Down after inflation
Median gross rent	$1,075 (±$70)	$1,241 (±$163)	+15.4%	No measurable change after inflation
Median home value	$425,000 (±$85,389)	$661,600 (±$182,159)	+55.7%	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 Spring Park

Nearest places with a published estimate, compared with Spring Park
Place	Distance	Median household income	Compared with this place
Spring Park	—	$48,315 (±$11,872)	—
Mound	1.4 mi	$86,675 (±$16,456)	Higher
Village of Minnetonka Beach	2.1 mi	$250,000 or more	—
Tonka Bay	2.6 mi	$156,458 (±$25,819)	Higher
Orono	2.7 mi	$173,527 (±$23,640)	Higher
Shorewood	2.9 mi	$171,063 (±$27,964)	Higher
Excelsior	3.9 mi	$103,068 (±$32,825)	Higher
Minnetrista	4.0 mi	$163,051 (±$23,166)	Higher
Greenwood	4.0 mi	$215,278 (±$59,095)	Higher

Nearby places with a measurably higher figure: Mound, MN ($86,675), Tonka Bay, MN ($156,458), Orono, MN ($173,527).

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
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)
42	Spring Park	$48,315 (±$11,872)

Showing 7 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.

What you can do on Seayora in Spring Park

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 Spring Park beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Spring Park, 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 Spring Park, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Spring Park

What is the median household income in Spring Park?

The median household income in Spring Park is $48,315 (±$11,872) a year (2020–2024 American Community Survey).

How much do you need to make to afford rent in Spring Park?

About $49,600 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,241 a month.

Have incomes in Spring Park kept up with inflation?

In Spring Park, the median household income went from $50,678 in 2015–2019 to $48,315 in 2020–2024 (−4.7%).

Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.

What do renters earn in Spring Park?

The median renting household in Spring Park, MN earns $41,637 (±$5,342) a year.

Sources

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 Spring Park city, Minnesota (place:62014, 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.

Request a Census API 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.