Dakota County, Minnesota

Income Data

+39% vs. Minnesota average
$105,212
Median Household Income
$50,901
Per Capita Income

At a Glance

Median Household Income
$105,212
+39% vs. state avg
Per Capita Income
$50,901
+29% vs. national
Income-to-Housing Ratio
29.1%
income as % of home value
Rank in Minnesota
#5 / 87
by median household income

How Dakota County Compares

Dakota County$105,212
Minnesota Average$75,757
National Median$74,755

Detailed Income Statistics

$105,212
Median Household Income
$50,901
Per Capita Income
$362,100
Median Home Value
29.1%
Income-to-Housing Ratio

Data Story

About Household Income in Dakota County, Minnesota

Dakota County far exceeds national earnings

Dakota County's median household income of $105,212 towers 40.8% above the U.S. median of $74,755, placing it among the highest-earning counties nationally. This prosperity reflects its proximity to Minneapolis-St. Paul and concentration of professional jobs.

Minnesota's income leader among peers

Dakota County's $105,212 median income surpasses Minnesota's state average of $75,757 by $29,455 per household. Per capita income reaches $50,901, nearly 30% higher than the state average of $39,335.

Outpaces all regional income comparisons

Dakota County's $105,212 median significantly exceeds every other county in this analysis, nearly matching Dodge County ($92,943) plus a substantial premium. The county's suburban Twin Cities location drives above-average professional salaries and household earnings.

High income faces housing affordability challenge

Despite strong earnings, Dakota's rent-to-income ratio of 17.1% signals that housing costs consume a larger share of income here than in lower-cost counties. The median home value of $362,100 reflects metropolitan-area pricing that demands substantial household budgets.

Leverage high income for aggressive investing

Dakota County's $105,212 median income positions households to maximize tax-deferred retirement contributions and build diversified investment portfolios. Consider working with a financial advisor to structure wealth-building strategies that account for higher income and property values.

Frequently Asked Questions

What is the median household income in Dakota County, Minnesota?
The median household income in Dakota County, Minnesota is $105,212, 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 Dakota County?
The per capita income in Dakota County is $50,901, 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 $105,212.
How does Dakota County compare to the Minnesota average?
Dakota County's median household income of $105,212 is higher than the Minnesota state average of $75,757. The per capita income is $50,901, compared to the state average of $39,335.
What is the per capita income in Dakota County, Minnesota?
The per capita income in Dakota County, Minnesota is $50,901, 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 Dakota County income higher than the Minnesota average?
Dakota County's median household income of $105,212 is higher than the Minnesota average of $75,757. This difference of $29,455 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 Dakota County rank for income in Minnesota?
Dakota County ranks #5 out of 87 counties in Minnesota by median household income (1 = highest). With a median household income of $105,212 and per capita income of $50,901, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Dakota County

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Your income is above the Dakota County median

County median: $105,212 per year

vs. County Median

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vs. State Average

+39%

vs. National Median

+41%

vs. Dakota County MedianAbout equal
vs. Minnesota Average39% above
vs. National Median41% above

Income Adequacy

Monthly income covers median rent5.9x

Your monthly income ($8,768) vs. median rent ($1,497/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.