Carver County, Minnesota

Income Data

+63% vs. Minnesota average
$123,144
Median Household Income
$58,254
Per Capita Income

At a Glance

Median Household Income
$123,144
+63% vs. state avg
Per Capita Income
$58,254
+48% vs. national
Income-to-Housing Ratio
28.8%
income as % of home value
Rank in Minnesota
#1 / 87
by median household income

How Carver County Compares

Carver County$123,144
Minnesota Average$75,757
National Median$74,755

Detailed Income Statistics

$123,144
Median Household Income
$58,254
Per Capita Income
$426,900
Median Home Value
28.8%
Income-to-Housing Ratio

Data Story

About Household Income in Carver County, Minnesota

Carver Leads National Income Charts

Carver County's median household income of $123,144 towers 64.8 percent above the U.S. median of $74,755, placing it among the wealthiest counties nationwide. This $48,389 advantage reflects a high-opportunity economy anchored by professional services and suburban Minneapolis growth.

Minnesota's Income Champions

Carver dominates Minnesota's income landscape with a median $47,387 above the state average of $75,757. Its per capita income of $58,254 also outpaces Minnesota's average by 48 percent, signaling both high household earnings and strong individual wealth.

Outearns All Regional Competitors

Carver's $123,144 median household income exceeds every comparison county, including Chisago ($98,260) and Carlton ($80,042). This premium reflects its position as a prosperous Twin Cities suburb with strong job markets and highly educated workforce.

Exceptional Housing Affordability

Despite median home values of $426,900—the highest among these counties—Carver maintains a healthy 14.1 percent rent-to-income ratio. High incomes relative to housing costs create genuine wealth-building potential for homeowners and renters alike.

Leverage Peak Earning Years

Carver County's exceptional income creates rare opportunity to aggressively build wealth through 401(k) maximization, taxable investment accounts, and real estate. Start or increase contributions immediately—high earners in strong markets accelerate wealth faster than any other income cohort.

Frequently Asked Questions

What is the median household income in Carver County, Minnesota?
The median household income in Carver County, Minnesota is $123,144, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Carver County?
The per capita income in Carver County is $58,254, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $123,144.
How does Carver County compare to the Minnesota average?
Carver County's median household income of $123,144 is higher than the Minnesota state average of $75,757. The per capita income is $58,254, compared to the state average of $39,335.
What is the per capita income in Carver County, Minnesota?
The per capita income in Carver County, Minnesota is $58,254, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Carver County income higher than the Minnesota average?
Carver County's median household income of $123,144 is higher than the Minnesota average of $75,757. This difference of $47,387 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Carver County rank for income in Minnesota?
Carver County ranks #1 out of 87 counties in Minnesota by median household income (1 = highest). With a median household income of $123,144 and per capita income of $58,254, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Carver County

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Your income is above the Carver County median

County median: $123,144 per year

vs. County Median

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vs. State Average

+63%

vs. National Median

+65%

vs. Carver County MedianAbout equal
vs. Minnesota Average63% above
vs. National Median65% above

Income Adequacy

Monthly income covers median rent7.1x

Your monthly income ($10,262) vs. median rent ($1,444/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.