Lincoln County, Minnesota Income Statistics
Lincoln County Wealth Score
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.
-
B
Lincoln County Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lincoln County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,005 | $89,852 | $80,455 |
| Median Personal Income | $54,628 | $67,028 | $60,758 |
| Average Yearly Income Growth | 4.3% | 4.4% | 4.8% |
| Six-Figure Earners | 9.3% | 15.1% | 13.9% |
| $200k+ Households | 6.7% | 13.8% | 13.2% |
The median household income in Lincoln County is about 23% lower than in Minnesota. Income has been growing slower in Lincoln County (4.3%/yr) than in Minnesota (4.4%/yr).
About 9% of adults in Lincoln County 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 Lincoln County, Minnesota grew by 65.7% from 2009 to 2024, reaching $69,005 in 2024. That's an average of about 4.3% per year.
Income Inequality and the Gender Pay Gap in Lincoln County
| Metric | Lincoln County | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.509 | 0.507 | 0.552 |
| Male Median Income | $61,987 | $74,898 | $69,667 |
| Female Median Income | $53,237 | $62,922 | $56,850 |
| Gender Pay Gap | 14.1% | 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 Lincoln County, it is 0.509, about the same as Minnesota's 0.507, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 16% more than women's income in Lincoln County, Minnesota. Over a 35-year career, a 16% wage gap accumulates to roughly $306,250 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lincoln County, Minnesota has narrowed from about 29% to 14% in 2024. Over that period the gap was widest at 30% in 2012. In dollar terms, the gap has narrowed by $2,851 since 2009.
Employment
| Metric | Lincoln County | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.7% | 4.1% | 5.2% |
| Working from Home | 16.4% | 17.6% | 15.0% |
| Commute time (minutes) | 20 | 20 | 22 |
Approximately 74 people are unemployed in Lincoln County, Minnesota.
The average commute time in Lincoln County is 20 minutes, about the same as in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lincoln County, Minnesota has fallen from 4.2% to 2.7% in 2024. Over that period the rate fell as low as 2.1% in 2021.
Lincoln County, MN Wealth Compared With Nearby Counties
Lincoln County, MN is the 5th largest of the 6 counties compared here, 5,603 residents against a local median of 9,450. The measure that sets Lincoln County, MN apart most is unemployment: 2.7%, 17% below the local median of 3.2%. That is the better end of the local range on this measure.
The counties themselves spread 1.6% on unemployment, so Lincoln County, MN sits at one end of an already wide local range rather than apart from it. Lincoln County, MN has the 2nd lowest unemployment of the 6 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. |
|---|---|---|---|---|---|
| Lincoln County, MN | 5,603 | $69,005 #6/6 | 4.3%/yr #4/6 | 2.7% #2/6 | 0.509 #4/6 |
| Pipestone County, MN | 9,284 | $70,296 | 4.8%/yr | 3.2% | 0.497 |
| Lyon County, MN | 25,503 | $75,660 | 5.0%/yr | 3.2% | 0.509 |
| Yellow Medicine County, MN | 9,450 | $74,401 | 3.8%/yr | 3.5% | 0.482 |
| Brookings County, SD | 35,353 | $70,805 | 3.9%/yr | 3.7% | 0.521 |
| Deuel County, SD | 4,328 | $82,264 | 5.1%/yr | 2.1% | 0.489 |
Conclusion
Considering all these factors, Lincoln 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 Lincoln County, Minnesota.
How Rich Is Lincoln County, Minnesota?
Lincoln 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 $69,005, about 23% lower than the Minnesota average of $89,852.
Are incomes growing in Lincoln County, Minnesota?
Between 2009 and 2024, the median household income in Lincoln County, Minnesota rose 66%, from $41,652 to $69,005. Over the same years, income here outpaced Minnesota as a whole: +66% against +57%.
What was the median household income in Lincoln County in 2023?
In 2023, the median household income in Lincoln County, Minnesota was $66,942, up 6% from $63,411 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Lincoln County in 2020?
In 2020, the median household income in Lincoln County, Minnesota was $53,996. By 2024 it had risen 28% to $69,005.
Is it hard to find a job in Lincoln County, Minnesota?
Unemployment in Lincoln County, Minnesota is only 2.7%, well below the Minnesota rate of 4.1%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Lincoln County, Minnesota?
The Gini coefficient in Lincoln County is 0.509. 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 Lincoln County, Minnesota?
Since 2009, the income gap between men and women in Lincoln County, Minnesota has narrowed from about 29% to 14% in 2024. Over that period the gap was widest at 30% in 2012. In dollar terms, the gap has narrowed by $2,851 since 2009.
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