Wealth Index
Wealthier than 91% of counties in Minnesota
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Anoka County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $98,658 | $88,383 | $78,145 |
| Median Personal Income | $68,040 | $67,709 | $61,726 |
| Average income growth | 4.3% | 4.8% | 5.1% |
| Six-Figure Earners | 13.7% | 14.5% | 13.2% |
The median household income in Anoka County is about 12% higher than in Minnesota. Income has been growing slower in Anoka County (4.3%/yr) than in Minnesota (4.8%/yr).
About 14% of adults in Anoka County earn six figures ($100,000 or more) a year, lower than the Minnesota average of 14%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Anoka County, Minnesota grew by 42.0% from 2009 to 2023, reaching $98,658 in 2023. That's an average of about 4.3% per year.
Economic Inequality in Anoka County | Gender Pay Gap | Gini Coefficient
| Metric | Anoka County | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.496 | 0.520 | 0.570 |
| Male Median Income | $73,277 | $73,285 | $67,746 |
| Female Median Income | $61,367 | $61,000 | $54,793 |
| Gender Pay Gap | 16.3% | 16.8% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Anoka County, it is 0.496, lower than Minnesota's 0.520, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 19% more than women's income in Anoka County, Minnesota. Over a 35-year career, a 19% wage gap accumulates to roughly $416,850 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Anoka County, Minnesota has narrowed from about 22% to 16% in 2023. In dollar terms, the gap has widened by $232 since 2009.
Employment
| Metric | Anoka County | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 3.9% | 5.2% |
| Working from Home | 15.3% | 15.9% | 13.4% |
| Commute time (minutes) | 23 | 20 | 22 |
Approximately 7,965 people are unemployed in Anoka County, Minnesota.
The average commute time in Anoka County is 23 minutes, longer than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Anoka County, Minnesota has fallen from 7.4% to 3.9% in 2023.
Conclusion
Considering all these factors, Anoka County, Minnesota has an overall wealth index grade of B, making it somewhat better than Minnesota, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Anoka County, Minnesota.
How Wealthy Is Anoka County, Minnesota?
Anoka County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $98,658, about 12% higher than the Minnesota average of $88,383.
What is the current median household income in Anoka County, Minnesota?
As of 2023, the median household income in Anoka County, Minnesota is $98,658.
What was the median household income in Anoka County in 2023?
In 2023, the median household income in Anoka County, Minnesota was $98,658.
What was the median household income in Anoka County in 2020?
In 2020, the median household income in Anoka County, Minnesota was $84,714.
What is the Gini coefficient in Anoka County, Minnesota?
The Gini coefficient in Anoka County is 0.496. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Anoka County, Minnesota?
Since 2009, the income gap between men and women in Anoka County, Minnesota has narrowed from about 22% to 16% in 2023. In dollar terms, the gap has widened by $232 since 2009.