Golden Valley, Minnesota Income Statistics
Golden Valley 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.
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A+
Golden Valley Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Golden Valley | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $107,541 | $89,852 | $80,455 |
| Median Personal Income | $84,431 | $67,028 | $60,758 |
| Average Yearly Income Growth | 3.7% | 4.4% | 4.8% |
| Six-Figure Earners | 24.8% | 15.1% | 13.9% |
| $200k+ Households | 24.7% | 13.8% | 13.2% |
The median household income in Golden Valley is about 20% higher than in Minnesota. Income has been growing slower in Golden Valley (3.7%/yr) than in Minnesota (4.4%/yr).
About 25% of adults in Golden Valley 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 Golden Valley, Minnesota grew by 35.7% from 2009 to 2024, reaching $107,541 in 2024. That's an average of about 3.7% per year.
Income Inequality and the Gender Pay Gap in Golden Valley
| Metric | Golden Valley | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.482 | 0.507 | 0.552 |
| Male Median Income | $94,312 | $74,898 | $69,667 |
| Female Median Income | $80,507 | $62,922 | $56,850 |
| Gender Pay Gap | 14.6% | 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 Golden Valley, it is 0.482, 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 17% more than women's income in Golden Valley, Minnesota. Over a 35-year career, a 17% wage gap accumulates to roughly $483,175 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Golden Valley, Minnesota has narrowed from about 16% to 15% in 2024. Over that period the gap was widest at 22% in 2019, and was narrowest at 9% in 2016. In dollar terms, the gap has widened by $4,140 since 2009.
Employment
| Metric | Golden Valley | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 4.1% | 5.2% |
| Working from Home | 29.5% | 17.6% | 15.0% |
| Commute time (minutes) | 20 | 20 | 22 |
Approximately 543 people are unemployed in Golden Valley, Minnesota.
The average commute time in Golden Valley is 20 minutes, about the same as in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Golden Valley, Minnesota has risen from 4.0% to 4.6% in 2024. Over that period the rate peaked at 5.4% in 2016 and fell as low as 2.2% in 2019.
Golden Valley, MN Wealth Compared With Nearby Cities
Golden Valley, MN is typical in size for this group, 21,735 residents against a local median of 22,688, so the measures below are close to a like for like comparison. The measure that sets Golden Valley, MN apart most is unemployment: 4.6%, 41% above the local median of 3.2%. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 3.7%/yr against a local median of 5.4%/yr, 32% below it. The picture is mixed rather than uniform: median household income runs ahead of the neighbourhood while unemployment runs behind it, so Golden Valley, MN is trading one against the other rather than simply out-performing what surrounds it. The cities themselves spread 2.4% on unemployment, so Golden Valley, MN sits at one end of an already wide local range rather than apart from it. Golden Valley, MN has the 3rd 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. |
|---|---|---|---|---|---|
| Golden Valley, MN | 21,735 | $107,541 #1/4 | 3.7%/yr #4/4 | 4.6% #3/4 | 0.482 #3/4 |
| St. Louis Park, MN | 49,539 | $101,436 | 4.9%/yr | 3.2% | 0.447 |
| Crystal, MN | 22,688 | $92,729 | 5.4%/yr | 2.5% | 0.477 |
| New Hope, MN | 20,969 | $77,279 | 5.8%/yr | 5.0% | 0.502 |
Conclusion
Considering all these factors, Golden Valley, Minnesota has an overall wealth index grade of A+, making it somewhat better than Minnesota, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Golden Valley, Minnesota.
How Rich Is Golden Valley, Minnesota?
Golden Valley 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 it is one of the most prosperous areas in the country. The median household income is $107,541, about 20% higher than the Minnesota average of $89,852.
How fast is household income rising in Golden Valley, Minnesota?
Between 2009 and 2024, the median household income in Golden Valley, Minnesota rose 36%, from $79,239 to $107,541. Over the same years, income here lagged behind Minnesota as a whole: +36% against +57%.
What was the median household income in Golden Valley in 2023?
In 2023, the median household income in Golden Valley, Minnesota was $112,970, up 3% from $110,148 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Golden Valley in 2020?
In 2020, the median household income in Golden Valley, Minnesota was $97,566. By 2024 it had risen 10% to $107,541.
Do many residents of Golden Valley, Minnesota earn over $100,000?
Yes. 25% of adults in Golden Valley, Minnesota earn $100,000 or more a year (about 1 in 4), against 15% (about 1 in 7) in Minnesota. 25% of households have a combined income of $200,000 or more, compared with 14% in Minnesota.
What is the Gini coefficient in Golden Valley, Minnesota?
The Gini coefficient in Golden Valley is 0.482. 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 Golden Valley, Minnesota?
Since 2009, the income gap between men and women in Golden Valley, Minnesota has narrowed from about 16% to 15% in 2024. Over that period the gap was widest at 22% in 2019, and was narrowest at 9% in 2016. In dollar terms, the gap has widened by $4,140 since 2009.
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