Olmsted County, Minnesota Income Statistics
Olmsted 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
Olmsted County Around averageWealthier than 92% of counties in Minnesota
Source: Map AI Methodology
Income Statistics Overview
| Metric | Olmsted County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $96,754 | $89,852 | $80,455 |
| Median Personal Income | $69,060 | $67,028 | $60,758 |
| Average Yearly Income Growth | 4.1% | 4.4% | 4.8% |
| Six-Figure Earners | 17.2% | 15.1% | 13.9% |
| $200k+ Households | 16.7% | 13.8% | 13.2% |
The median household income in Olmsted County is about 8% higher than in Minnesota. Income has been growing slower in Olmsted County (4.1%/yr) than in Minnesota (4.4%/yr).
About 17% of adults in Olmsted County 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 Olmsted County, Minnesota grew by 49.3% from 2009 to 2024, reaching $96,754 in 2024. That's an average of about 4.1% per year.
Income Inequality and the Gender Pay Gap in Olmsted County
| Metric | Olmsted County | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.494 | 0.507 | 0.552 |
| Male Median Income | $79,153 | $74,898 | $69,667 |
| Female Median Income | $66,357 | $62,922 | $56,850 |
| Gender Pay Gap | 16.2% | 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 Olmsted County, it is 0.494, 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 19% more than women's income in Olmsted County, Minnesota. Over a 35-year career, a 19% wage gap accumulates to roughly $447,860 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Olmsted County, Minnesota has narrowed from about 19% to 16% in 2024. Over that period the gap was widest at 20% in 2011, and was narrowest at 14% in 2015. In dollar terms, the gap has widened by $2,930 since 2009.
Employment
| Metric | Olmsted County | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 4.1% | 5.2% |
| Working from Home | 15.4% | 17.6% | 15.0% |
| Commute time (minutes) | 16 | 20 | 22 |
Approximately 3,222 people are unemployed in Olmsted County, Minnesota.
The average commute time in Olmsted County is 16 minutes, shorter than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Olmsted County, Minnesota has fallen from 4.2% to 3.6% in 2024. Over that period the rate peaked at 4.4% in 2014 and fell as low as 3.0% in 2019.
Olmsted County, MN Wealth Compared With Nearby Counties
Olmsted County, MN is the largest of the 6 counties compared here, 164,423 residents against a local median of 21,565. Olmsted County, MN's median household income, at $96,754, runs 18% above the $82,094 typical of the counties around it. That is the better end of the local range on this measure.
The counties themselves spread $22,488 on median household income, so Olmsted County, MN sits at one end of an already wide local range rather than apart from it. Olmsted County, MN has the highest median household income 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. |
|---|---|---|---|---|---|
| Olmsted County, MN | 164,423 | $96,754 #1/6 | 4.1%/yr #5/6 | 3.6% #4/6 | 0.494 #6/6 |
| Wabasha County, MN | 21,565 | $82,094 | 4.2%/yr | 2.2% | 0.473 |
| Fillmore County, MN | 21,414 | $78,803 | 4.7%/yr | 2.7% | 0.478 |
| Dodge County, MN | 21,046 | $95,309 | 4.2%/yr | 3.3% | 0.465 |
| Mower County, MN | 40,341 | $72,820 | 4.3%/yr | 3.9% | 0.491 |
| Goodhue County, MN | 47,943 | $83,371 | 4.1%/yr | 3.6% | 0.491 |
Conclusion
Considering all these factors, Olmsted County, Minnesota has an overall wealth index grade of B, making it somewhat better than Minnesota, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Olmsted County, Minnesota.
How Wealthy Is Olmsted County, Minnesota?
Olmsted 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 $96,754, about 8% higher than the Minnesota average of $89,852.
Are incomes growing in Olmsted County, Minnesota?
Between 2009 and 2024, the median household income in Olmsted County, Minnesota rose 49%, from $64,786 to $96,754. Over the same years, income here lagged behind Minnesota as a whole: +49% against +57%.
What was the median household income in Olmsted County in 2023?
In 2023, the median household income in Olmsted County, Minnesota was $94,621, up 3% from $91,472 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Olmsted County in 2020?
In 2020, the median household income in Olmsted County, Minnesota was $80,926. By 2024 it had risen 20% to $96,754.
What is the Gini coefficient in Olmsted County, Minnesota?
The Gini coefficient in Olmsted County is 0.494. 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 Olmsted County, Minnesota?
Since 2009, the income gap between men and women in Olmsted County, Minnesota has narrowed from about 19% to 16% in 2024. Over that period the gap was widest at 20% in 2011, and was narrowest at 14% in 2015. In dollar terms, the gap has widened by $2,930 since 2009.
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