Murray County, Minnesota Income Statistics
Murray 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.
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B
Murray County Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Murray County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,135 | $89,852 | $80,455 |
| Median Personal Income | $53,469 | $67,028 | $60,758 |
| Average Yearly Income Growth | 4.5% | 4.4% | 4.8% |
| Six-Figure Earners | 9.7% | 15.1% | 13.9% |
| $200k+ Households | 8.1% | 13.8% | 13.2% |
The median household income in Murray County is about 17% lower than in Minnesota. Income has been growing faster in Murray County (4.5%/yr) than in Minnesota (4.4%/yr).
About 10% of adults in Murray County earn six figures ($100,000 or more) a year, lower than the Minnesota average of 15%.
Median Household Income 2010–2024 Trend
Median Household Income Over Time
Median household income in Murray County, Minnesota grew by 62.7% from 2010 to 2024, reaching $74,135 in 2024. That's an average of about 4.5% per year.
Income Inequality and the Gender Pay Gap in Murray County
| Metric | Murray County | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.488 | 0.507 | 0.552 |
| Male Median Income | $62,988 | $74,898 | $69,667 |
| Female Median Income | $49,430 | $62,922 | $56,850 |
| Gender Pay Gap | 21.5% | 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 Murray County, it is 0.488, 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 27% more than women's income in Murray County, Minnesota. Over a 35-year career, a 27% wage gap accumulates to roughly $474,530 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Murray County, Minnesota has narrowed from about 35% to 22% in 2024. Over that period the gap was narrowest at 20% in 2022. In dollar terms, the gap has narrowed by $314 since 2009.
Employment
| Metric | Murray County | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.7% | 4.1% | 5.2% |
| Working from Home | 9.9% | 17.6% | 15.0% |
| Commute time (minutes) | 18 | 20 | 22 |
Approximately 111 people are unemployed in Murray County, Minnesota.
The average commute time in Murray County is 18 minutes, shorter than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Murray County, Minnesota has fallen from 3.6% to 2.7% in 2024. Over that period the rate peaked at 4.8% in 2013 and fell as low as 2.6% in 2018.
Murray County, MN Wealth Compared With Nearby Counties
Murray County, MN is the smallest of the 6 counties compared here, 8,097 residents against a local median of 11,447. Where Murray County, MN breaks from the counties next to it is unemployment, sitting 16% below the local median of 3.2% at 2.7%. That is the better end of the local range on this measure.
The counties themselves spread 0.6% on unemployment, so Murray County, MN sits at one end of an already wide local range rather than apart from it. Murray 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. |
|---|---|---|---|---|---|
| Murray County, MN | 8,097 | $74,135 #2/6 | 4.5%/yr #4/6 | 2.7% #2/6 | 0.488 #1/6 |
| Nobles County, MN | 22,041 | $67,652 | 3.0%/yr | 3.2% | 0.515 |
| Lyon County, MN | 25,503 | $75,660 | 5.0%/yr | 3.2% | 0.509 |
| Pipestone County, MN | 9,284 | $70,296 | 4.8%/yr | 3.2% | 0.497 |
| Cottonwood County, MN | 11,447 | $72,183 | 5.4%/yr | 2.8% | 0.507 |
| Rock County, MN | 9,621 | $72,505 | 4.0%/yr | 2.6% | 0.492 |
Conclusion
Considering all these factors, Murray 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 Murray County, Minnesota.
How Rich Is Murray County, Minnesota?
Murray 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 $74,135, about 17% lower than the Minnesota average of $89,852.
Are incomes growing in Murray County, Minnesota?
Between 2010 and 2024, the median household income in Murray County, Minnesota rose 63%, from $45,557 to $74,135. Over the same years, income here outpaced Minnesota as a whole: +63% against +56%.
What was the median household income in Murray County in 2023?
In 2023, the median household income in Murray County, Minnesota was $74,359, up 3% from $72,035 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Murray County in 2020?
In 2020, the median household income in Murray County, Minnesota was $62,518. By 2024 it had risen 19% to $74,135.
Is it hard to find a job in Murray County, Minnesota?
Unemployment in Murray 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 Murray County, Minnesota?
The Gini coefficient in Murray County is 0.488. 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 Murray County, Minnesota?
Since 2009, the income gap between men and women in Murray County, Minnesota has narrowed from about 35% to 22% in 2024. Over that period the gap was narrowest at 20% in 2022. In dollar terms, the gap has narrowed by $314 since 2009.
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