Champlin, Minnesota Income Statistics
Champlin Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
A
Champlin Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Champlin | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $115,165 | $89,852 | $80,455 |
| Median Personal Income | $68,114 | $67,028 | $60,758 |
| Average Yearly Income Growth | 4.1% | 4.4% | 4.8% |
| Six-Figure Earners | 18.2% | 15.1% | 13.9% |
| $200k+ Households | 19.4% | 13.8% | 13.2% |
The median household income in Champlin is about 28% higher than in Minnesota. Income has been growing slower in Champlin (4.1%/yr) than in Minnesota (4.4%/yr).
About 18% of adults in Champlin earn six figures ($100,000 or more) a year, higher than the Minnesota average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Champlin, Minnesota grew by 44.8% from 2009 to 2024, reaching $115,165 in 2024. That's an average of about 4.1% per year.
Income Inequality and the Gender Pay Gap in Champlin
| Metric | Champlin | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.485 | 0.507 | 0.552 |
| Male Median Income | $76,553 | $74,898 | $69,667 |
| Female Median Income | $66,874 | $62,922 | $56,850 |
| Gender Pay Gap | 12.6% | 16.0% | 18.4% |
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 Champlin, it is 0.485, lower than Minnesota's 0.507, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 14% more than women's income in Champlin, Minnesota. Over a 35-year career, a 14% wage gap accumulates to roughly $338,765 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Champlin, Minnesota has narrowed from about 24% to 13% in 2024. Over that period the gap was widest at 27% in 2020. In dollar terms, the gap has narrowed by $3,765 since 2009.
Employment
| Metric | Champlin | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 4.1% | 5.2% |
| Working from Home | 17.9% | 17.6% | 15.0% |
| Commute time (minutes) | 23 | 20 | 22 |
Approximately 469 people are unemployed in Champlin, Minnesota.
The average commute time in Champlin is 23 minutes, longer than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Champlin, Minnesota has fallen from 5.3% to 3.6% in 2024. Over that period the rate fell as low as 2.5% in 2019.
Champlin, MN Wealth Compared With Nearby Cities
How Champlin, MN compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Champlin, MN | 23,225 | $115,165 #1/3 | 4.1%/yr #2/3 | 3.6% #1/3 | 0.485 #2/3 |
| Brooklyn Park, MN | 83,850 | $92,803 | 4.6%/yr | 4.0% | 0.502 |
| Coon Rapids, MN | 63,456 | $88,746 | 3.7%/yr | 4.5% | 0.462 |
Conclusion
Considering all these factors, Champlin, Minnesota has an overall wealth index grade of A, making it somewhat better than Minnesota, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Champlin, Minnesota.
How Rich Is Champlin, Minnesota?
Champlin has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $115,165, about 28% higher than the Minnesota average of $89,852.
Are incomes growing in Champlin, Minnesota?
Between 2009 and 2024, the median household income in Champlin, Minnesota rose 45%, from $79,521 to $115,165. Over the same years, income here lagged behind Minnesota as a whole: +45% against +57%.
What was the median household income in Champlin in 2023?
In 2023, the median household income in Champlin, Minnesota was $116,189, up 3% from $113,140 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Champlin in 2020?
In 2020, the median household income in Champlin, Minnesota was $97,722. By 2024 it had risen 18% to $115,165.
What is the Gini coefficient in Champlin, Minnesota?
The Gini coefficient in Champlin is 0.485. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Champlin, Minnesota?
Since 2009, the income gap between men and women in Champlin, Minnesota has narrowed from about 24% to 13% in 2024. Over that period the gap was widest at 27% in 2020. In dollar terms, the gap has narrowed by $3,765 since 2009.
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