Coon Rapids, Minnesota Income Statistics
Coon Rapids 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.
-
B
Coon Rapids Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Coon Rapids | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $88,746 | $89,852 | $80,455 |
| Median Personal Income | $59,615 | $67,028 | $60,758 |
| Average Yearly Income Growth | 3.7% | 4.4% | 4.8% |
| Six-Figure Earners | 9.6% | 15.1% | 13.9% |
| $200k+ Households | 9.5% | 13.8% | 13.2% |
The median household income in Coon Rapids is about 1% lower than in Minnesota. Income has been growing slower in Coon Rapids (3.7%/yr) than in Minnesota (4.4%/yr).
About 10% of adults in Coon Rapids earn six figures ($100,000 or more) a year, lower than the Minnesota average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Coon Rapids, Minnesota grew by 40.0% from 2009 to 2024, reaching $88,746 in 2024. That's an average of about 3.7% per year.
Income Inequality and the Gender Pay Gap in Coon Rapids
| Metric | Coon Rapids | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.462 | 0.507 | 0.552 |
| Male Median Income | $67,054 | $74,898 | $69,667 |
| Female Median Income | $58,327 | $62,922 | $56,850 |
| Gender Pay Gap | 13.0% | 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 Coon Rapids, it is 0.462, 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 15% more than women's income in Coon Rapids, Minnesota. Over a 35-year career, a 15% wage gap accumulates to roughly $305,445 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Coon Rapids, Minnesota has narrowed from about 20% to 13% in 2024. Over that period the gap was narrowest at 11% in 2020. In dollar terms, the gap has narrowed by $1,429 since 2009.
Employment
| Metric | Coon Rapids | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 4.1% | 5.2% |
| Working from Home | 13.7% | 17.6% | 15.0% |
| Commute time (minutes) | 22 | 20 | 22 |
Approximately 1,629 people are unemployed in Coon Rapids, Minnesota.
The average commute time in Coon Rapids is 22 minutes, longer than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Coon Rapids, Minnesota has fallen from 8.0% to 4.5% in 2024. Over that period the rate peaked at 8.4% in 2013 and fell as low as 3.8% in 2018.
Coon Rapids, MN Wealth Compared With Nearby Cities
Coon Rapids, MN is the 2nd largest of the 4 cities compared here, 63,456 residents against a local median of 33,035. Coon Rapids, MN's unemployment, at 4.5%, runs 26% above the 3.6% typical of the cities around it. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $88,746 against a local median of $115,165, 23% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Coon Rapids, MN reads weaker than its neighbours on all of them. The cities themselves spread 1.1% on unemployment, so Coon Rapids, MN sits at one end of an already wide local range rather than apart from it. Coon Rapids, MN has the 4th lowest unemployment of the 4 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Coon Rapids, MN | 63,456 | $88,746 #4/4 | 3.7%/yr #4/4 | 4.5% #4/4 | 0.462 #1/4 |
| Brooklyn Park, MN | 83,850 | $92,803 | 4.6%/yr | 4.0% | 0.502 |
| Champlin, MN | 23,225 | $115,165 | 4.1%/yr | 3.6% | 0.485 |
| Andover, MN | 33,035 | $137,397 | 4.0%/yr | 2.8% | 0.490 |
Conclusion
Considering all these factors, Coon Rapids, Minnesota has an overall wealth index grade of B, making it about on par with Minnesota, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Coon Rapids, Minnesota.
How Rich Is Coon Rapids, Minnesota?
Coon Rapids 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 $88,746, about 1% lower than the Minnesota average of $89,852.
Are incomes growing in Coon Rapids, Minnesota?
Between 2009 and 2024, the median household income in Coon Rapids, Minnesota rose 40%, from $63,412 to $88,746. Over the same years, income here lagged behind Minnesota as a whole: +40% against +57%.
What was the median household income in Coon Rapids in 2023?
In 2023, the median household income in Coon Rapids, Minnesota was $86,300, up 4% from $83,267 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Coon Rapids in 2020?
In 2020, the median household income in Coon Rapids, Minnesota was $76,213. By 2024 it had risen 16% to $88,746.
What is the Gini coefficient in Coon Rapids, Minnesota?
The Gini coefficient in Coon Rapids is 0.462. 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 Coon Rapids, Minnesota?
Since 2009, the income gap between men and women in Coon Rapids, Minnesota has narrowed from about 20% to 13% in 2024. Over that period the gap was narrowest at 11% in 2020. In dollar terms, the gap has narrowed by $1,429 since 2009.
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