Wealth Index
Wealthier than 88% 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 | Chisago County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $98,129 | $88,383 | $78,145 |
| Median Personal Income | $67,800 | $67,709 | $61,726 |
| Average income growth | 4.4% | 4.8% | 5.1% |
| Six-Figure Earners | 12.6% | 14.5% | 13.2% |
The median household income in Chisago County is about 11% higher than in Minnesota. Income has been growing slower in Chisago County (4.4%/yr) than in Minnesota (4.8%/yr).
About 13% of adults in Chisago 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 Chisago County, Minnesota grew by 51.0% from 2009 to 2023, reaching $98,129 in 2023. That's an average of about 4.4% per year.
Economic Inequality in Chisago County | Gender Pay Gap | Gini Coefficient
| Metric | Chisago County | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.493 | 0.520 | 0.570 |
| Male Median Income | $73,531 | $73,285 | $67,746 |
| Female Median Income | $60,147 | $61,000 | $54,793 |
| Gender Pay Gap | 18.2% | 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 Chisago County, it is 0.493, 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 22% more than women's income in Chisago County, Minnesota. Over a 35-year career, a 22% wage gap accumulates to roughly $468,440 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Chisago County, Minnesota has narrowed from about 25% to 18% in 2023. In dollar terms, the gap has widened by $369 since 2009.
Employment
| Metric | Chisago County | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 3.9% | 5.2% |
| Working from Home | 12.7% | 15.9% | 13.4% |
| Commute time (minutes) | 30 | 20 | 22 |
Approximately 1,211 people are unemployed in Chisago County, Minnesota.
The average commute time in Chisago County is 30 minutes, longer than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Chisago County, Minnesota has fallen from 6.8% to 3.9% in 2023.
Conclusion
Considering all these factors, Chisago 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 Chisago County, Minnesota.
How Rich Is Chisago County, Minnesota?
Chisago 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 $98,129, about 11% higher than the Minnesota average of $88,383.
What is the current median household income in Chisago County, Minnesota?
As of 2023, the median household income in Chisago County, Minnesota is $98,129.
What was the median household income in Chisago County in 2023?
In 2023, the median household income in Chisago County, Minnesota was $98,129.
What was the median household income in Chisago County in 2020?
In 2020, the median household income in Chisago County, Minnesota was $87,599.
What is the Gini coefficient in Chisago County, Minnesota?
The Gini coefficient in Chisago County is 0.493. 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 Chisago County, Minnesota?
Since 2009, the income gap between men and women in Chisago County, Minnesota has narrowed from about 25% to 18% in 2023. In dollar terms, the gap has widened by $369 since 2009.