Wealth Index
Wealthier than 81% 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 | Douglas County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $76,815 | $88,383 | $78,145 |
| Median Personal Income | $59,546 | $67,709 | $61,726 |
| Average income growth | 4.4% | 4.8% | 5.1% |
| Six-Figure Earners | 10.5% | 14.5% | 13.2% |
The median household income in Douglas County is about 13% lower than in Minnesota. Income has been growing slower in Douglas County (4.4%/yr) than in Minnesota (4.8%/yr).
About 10% of adults in Douglas 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 Douglas County, Minnesota grew by 71.0% from 2009 to 2023, reaching $76,815 in 2023. That's an average of about 4.4% per year.
Economic Inequality in Douglas County | Gender Pay Gap | Gini Coefficient
| Metric | Douglas County | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.478 | 0.520 | 0.570 |
| Male Median Income | $65,708 | $73,285 | $67,746 |
| Female Median Income | $51,326 | $61,000 | $54,793 |
| Gender Pay Gap | 21.9% | 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 Douglas County, it is 0.478, 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 28% more than women's income in Douglas County, Minnesota. Over a 35-year career, a 28% wage gap accumulates to roughly $503,370 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Douglas County, Minnesota has narrowed from about 24% to 22% in 2023. In dollar terms, the gap has widened by $4,317 since 2009.
Employment
| Metric | Douglas County | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.7% | 3.9% | 5.2% |
| Working from Home | 10.7% | 15.9% | 13.4% |
| Commute time (minutes) | 16 | 20 | 22 |
Approximately 547 people are unemployed in Douglas County, Minnesota.
The average commute time in Douglas County is 16 minutes, shorter than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Douglas County, Minnesota has fallen from 5.6% to 2.7% in 2023.
Conclusion
Considering all these factors, Douglas County, 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 Douglas County, Minnesota.
How Rich Is Douglas County, Minnesota?
Douglas 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 $76,815, about 13% lower than the Minnesota average of $88,383.
What is the current median household income in Douglas County, Minnesota?
As of 2023, the median household income in Douglas County, Minnesota is $76,815.
What was the median household income in Douglas County in 2023?
In 2023, the median household income in Douglas County, Minnesota was $76,815.
What was the median household income in Douglas County in 2020?
In 2020, the median household income in Douglas County, Minnesota was $65,023.
What is the Gini coefficient in Douglas County, Minnesota?
The Gini coefficient in Douglas County is 0.478. 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 Douglas County, Minnesota?
Since 2009, the income gap between men and women in Douglas County, Minnesota has narrowed from about 24% to 22% in 2023. In dollar terms, the gap has widened by $4,317 since 2009.