Wealth Index
Least wealthy county 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 | Mahnomen County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,456 | $88,383 | $78,145 |
| Median Personal Income | $53,151 | $67,709 | $61,726 |
| Average income growth | 3.6% | 4.8% | 5.1% |
| Six-Figure Earners | 4.7% | 14.5% | 13.2% |
The median household income in Mahnomen County is about 40% lower than in Minnesota. Income has been growing slower in Mahnomen County (3.6%/yr) than in Minnesota (4.8%/yr).
About 5% of adults in Mahnomen 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 Mahnomen County, Minnesota grew by 38.2% from 2009 to 2023, reaching $53,456 in 2023. That's an average of about 3.6% per year.
Economic Inequality in Mahnomen County | Gender Pay Gap | Gini Coefficient
| Metric | Mahnomen County | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.520 | 0.520 | 0.570 |
| Male Median Income | $52,457 | $73,285 | $67,746 |
| Female Median Income | $53,855 | $61,000 | $54,793 |
| Gender Pay Gap | -2.7% | 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 Mahnomen County, it is 0.520, about the same as Minnesota's 0.520, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Women's income is about 3% more than men's income in Mahnomen County, Minnesota. Over a 35-year career, a 3% wage gap accumulates to roughly $48,930 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Mahnomen County, Minnesota has narrowed from about 20% to -3% in 2023. In dollar terms, the gap has narrowed by $8,734 since 2009.
Employment
| Metric | Mahnomen County | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 10.2% | 3.9% | 5.2% |
| Working from Home | 8.5% | 15.9% | 13.4% |
| Commute time (minutes) | 16 | 20 | 22 |
Approximately 227 people are unemployed in Mahnomen County, Minnesota.
The average commute time in Mahnomen County is 16 minutes, shorter than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Mahnomen County, Minnesota has fallen from 13.4% to 10.2% in 2023.
Conclusion
Considering all these factors, Mahnomen County, Minnesota has an overall wealth index grade of D, making it somewhat worse than Minnesota, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Mahnomen County, Minnesota.
How Rich Is Mahnomen County, Minnesota?
Mahnomen County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $53,456, about 40% lower than the Minnesota average of $88,383.
What is the current median household income in Mahnomen County, Minnesota?
As of 2023, the median household income in Mahnomen County, Minnesota is $53,456.
What was the median household income in Mahnomen County in 2023?
In 2023, the median household income in Mahnomen County, Minnesota was $53,456.
What was the median household income in Mahnomen County in 2020?
In 2020, the median household income in Mahnomen County, Minnesota was $45,318.
What is the Gini coefficient in Mahnomen County, Minnesota?
The Gini coefficient in Mahnomen County is 0.520. 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 Mahnomen County, Minnesota?
Since 2009, the income gap between men and women in Mahnomen County, Minnesota has narrowed from about 20% to -3% in 2023. In dollar terms, the gap has narrowed by $8,734 since 2009.