Dakota County, Minnesota
Income Data
At a Glance
How Dakota County Compares
Detailed Income Statistics
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
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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%
Income Adequacy
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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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.