Olmsted County, Minnesota
Income Data
At a Glance
How Olmsted County Compares
Detailed Income Statistics
Data Story
About Household Income in Olmsted County, Minnesota
Olmsted County significantly outearns nation
Olmsted County's median household income of $93,494 substantially exceeds the national median of $74,755 by 25.1%, ranking it among the highest-income counties nationally. The county's economy, anchored by the Mayo Clinic and allied medical services, drives this premium.
Highest income in Minnesota group
At $93,494, Olmsted County towers above Minnesota's state average of $75,757 and ranks in the top tier statewide, commanding a $17,737 income advantage. The per capita income of $52,059 is the highest among all comparison counties.
Clear income leader regionally
Olmsted County's $93,494 income substantially surpasses every neighboring county, including Nicollet ($80,362), its nearest regional competitor. The Mayo Clinic economic engine creates wage premiums unavailable in purely agricultural or manufacturing-dependent counties.
Strong income supports premium housing
Despite the highest median home value in this group at $304,500, Olmsted County's rent-to-income ratio of 16.5% remains acceptable at just over 13% of income for traditional housing costs. The strong income base comfortably accommodates the region's premium real estate prices.
Leverage superior earnings potential
Olmsted County's above-average income creates unmatched opportunities for retirement investing, college savings, and diversified wealth building strategies. High-income households should maximize 401(k) contributions, explore HSAs, and consider professional investment guidance to optimize tax-advantaged wealth accumulation.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Olmsted County
Your income is above the Olmsted County median
County median: $93,494 per year
vs. County Median
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vs. State Average
+23%
vs. National Median
+25%
Income Adequacy
Your monthly income ($7,791) vs. median rent ($1,283/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.