Moorhead, Minnesota Income Statistics
Moorhead 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.
-
C
Moorhead Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Moorhead | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,229 | $89,852 | $80,455 |
| Median Personal Income | $54,984 | $67,028 | $60,758 |
| Average Yearly Income Growth | 3.5% | 4.4% | 4.8% |
| Six-Figure Earners | 8.5% | 15.1% | 13.9% |
| $200k+ Households | 6.6% | 13.8% | 13.2% |
The median household income in Moorhead is about 24% lower than in Minnesota. Income has been growing slower in Moorhead (3.5%/yr) than in Minnesota (4.4%/yr).
About 8% of adults in Moorhead 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 Moorhead, Minnesota grew by 60.3% from 2009 to 2024, reaching $68,229 in 2024. That's an average of about 3.5% per year.
Income Inequality and the Gender Pay Gap in Moorhead
| Metric | Moorhead | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.538 | 0.507 | 0.552 |
| Male Median Income | $66,513 | $74,898 | $69,667 |
| Female Median Income | $50,291 | $62,922 | $56,850 |
| Gender Pay Gap | 24.4% | 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 Moorhead, it is 0.538, higher than Minnesota's 0.507, so income is less 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 32% more than women's income in Moorhead, Minnesota. Over a 35-year career, a 32% wage gap accumulates to roughly $567,770 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Moorhead, Minnesota has stayed about the same since 2009, at around 24%. Over that period the gap was widest at 27% in 2019, and was narrowest at 21% in 2010. In dollar terms, the gap has widened by $6,229 since 2009.
Sharply against the trend: the pay gap in Moorhead widened by 0.8 points while Minnesota's narrowed by 7.1 points.
Employment
| Metric | Moorhead | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 4.1% | 5.2% |
| Working from Home | 11.9% | 17.6% | 15.0% |
| Commute time (minutes) | 16 | 20 | 22 |
Approximately 1,134 people are unemployed in Moorhead, Minnesota.
The average commute time in Moorhead is 16 minutes, shorter than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Moorhead, Minnesota has fallen from 7.1% to 5.4% in 2024. Over that period the rate fell as low as 3.4% in 2018.
Moorhead, MN Wealth Compared With Nearby Cities
How Moorhead, MN compares with the 1 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. |
|---|---|---|---|---|---|
| Moorhead, MN | 37,203 | $68,229 #1/2 | 3.5%/yr #2/2 | 5.4% #2/2 | 0.538 #2/2 |
| Fargo, ND | 124,648 | $65,882 | 4.6%/yr | 3.8% | 0.492 |
Conclusion
Considering all these factors, Moorhead, Minnesota has an overall wealth index grade of C, making it somewhat worse than Minnesota, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Moorhead, Minnesota.
How Rich Is Moorhead, Minnesota?
Moorhead has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $68,229, about 24% lower than the Minnesota average of $89,852.
Are incomes growing in Moorhead, Minnesota?
Between 2009 and 2024, the median household income in Moorhead, Minnesota rose 60%, from $42,567 to $68,229. Over the same years, income here outpaced Minnesota as a whole: +60% against +57%.
What was the median household income in Moorhead in 2023?
In 2023, the median household income in Moorhead, Minnesota was $64,740, up 2% from $63,433 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Moorhead in 2020?
In 2020, the median household income in Moorhead, Minnesota was $56,943. By 2024 it had risen 20% to $68,229.
Is it hard to find a job in Moorhead, Minnesota?
Unemployment in Moorhead, Minnesota is 5.4%, well above the Minnesota rate of 4.1%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Moorhead, Minnesota?
The Gini coefficient in Moorhead is 0.538. 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 Moorhead, Minnesota?
The income gap between men and women in Moorhead, Minnesota has stayed about the same since 2009, at around 24%. Over that period the gap was widest at 27% in 2019, and was narrowest at 21% in 2010. In dollar terms, the gap has widened by $6,229 since 2009.
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