Carver County, Minnesota
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Carver County Compares
Detailed Income Statistics
Income Advisory: Carver County
Income Verdict
Carver County has a median household income of $123,144 and per capita income of $58,254 — a gap of $64,890, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $1,444/month and a median household income of $123,144, rent consumes approximately 14.1% of monthly income — well within affordable thresholds.
Economic Context
The median household income of $123,144 places Carver County in a high-earning tier, supporting strong purchasing power and above-average consumer spending. Per capita income of $58,254 reflects a relatively affluent population with substantial individual earning capacity.
Neighbor Context
Carver County earns approximately 62.6% above the Minnesota state median household income of $75,757, positioning it favorably within the state.
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?
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How does Carver County compare to the Minnesota average?
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How does Carver County rank for income in Minnesota?
Income Comparison Calculator
See how your household income compares in Carver County
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%
Income Adequacy
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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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.