Fridley, Minnesota Income Statistics
Fridley 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
Fridley Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Fridley | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $76,986 | $89,852 | $80,455 |
| Median Personal Income | $58,072 | $67,028 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.4% | 4.8% |
| Six-Figure Earners | 9.8% | 15.1% | 13.9% |
| $200k+ Households | 8.4% | 13.8% | 13.2% |
The median household income in Fridley is about 14% lower than in Minnesota. Income has been growing slower in Fridley (4.2%/yr) than in Minnesota (4.4%/yr).
About 10% of adults in Fridley 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 Fridley, Minnesota grew by 45.6% from 2009 to 2024, reaching $76,986 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Fridley
| Metric | Fridley | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.480 | 0.507 | 0.552 |
| Male Median Income | $65,690 | $74,898 | $69,667 |
| Female Median Income | $57,199 | $62,922 | $56,850 |
| Gender Pay Gap | 12.9% | 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 Fridley, it is 0.480, 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 Fridley, Minnesota. Over a 35-year career, a 15% wage gap accumulates to roughly $297,185 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fridley, Minnesota has narrowed from about 15% to 13% in 2024. Over that period the gap was widest at 16% in 2018, and was narrowest at 6% in 2021. In dollar terms, the gap has widened by $1,927 since 2009.
Employment
| Metric | Fridley | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.5% | 4.1% | 5.2% |
| Working from Home | 15.6% | 17.6% | 15.0% |
| Commute time (minutes) | 21 | 20 | 22 |
Approximately 1,070 people are unemployed in Fridley, Minnesota.
The average commute time in Fridley is 21 minutes, longer than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fridley, Minnesota has fallen from 7.9% to 6.5% in 2024. Over that period the rate peaked at 8.9% in 2014 and fell as low as 4.1% in 2019.
Fridley, MN Wealth Compared With Nearby Cities
How Fridley, 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. |
|---|---|---|---|---|---|
| Fridley, MN | 30,321 | $76,986 #2/3 | 4.2%/yr #2/3 | 6.5% #3/3 | 0.480 #1/3 |
| Columbia Heights, MN | 22,385 | $72,150 | 5.4%/yr | 5.8% | 0.498 |
| New Brighton, MN | 22,744 | $86,725 | 3.4%/yr | 2.5% | 0.502 |
Conclusion
Considering all these factors, Fridley, 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 Fridley, Minnesota.
How Rich Is Fridley, Minnesota?
Fridley 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 $76,986, about 14% lower than the Minnesota average of $89,852.
How fast is household income rising in Fridley, Minnesota?
Between 2009 and 2024, the median household income in Fridley, Minnesota rose 46%, from $52,862 to $76,986. Over the same years, income here lagged behind Minnesota as a whole: +46% against +57%.
What was the median household income in Fridley in 2023?
In 2023, the median household income in Fridley, Minnesota was $79,064, up 3% from $77,081 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Fridley in 2020?
In 2020, the median household income in Fridley, Minnesota was $65,238. By 2024 it had risen 18% to $76,986.
How strong is the job market in Fridley, Minnesota?
Unemployment in Fridley, Minnesota is 6.5%, well above the Minnesota rate of 4.1%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Fridley, Minnesota?
The Gini coefficient in Fridley is 0.480. 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 Fridley, Minnesota?
Since 2009, the income gap between men and women in Fridley, Minnesota has narrowed from about 15% to 13% in 2024. Over that period the gap was widest at 16% in 2018, and was narrowest at 6% in 2021. In dollar terms, the gap has widened by $1,927 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →