Shoreview, Minnesota Income Statistics
Shoreview 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.
-
A+
Shoreview Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Shoreview | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $109,614 | $89,852 | $80,455 |
| Median Personal Income | $87,909 | $67,028 | $60,758 |
| Average Yearly Income Growth | 3.5% | 4.4% | 4.8% |
| Six-Figure Earners | 23.3% | 15.1% | 13.9% |
| $200k+ Households | 19.9% | 13.8% | 13.2% |
The median household income in Shoreview is about 22% higher than in Minnesota. Income has been growing slower in Shoreview (3.5%/yr) than in Minnesota (4.4%/yr).
About 23% of adults in Shoreview 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 Shoreview, Minnesota grew by 39.6% from 2009 to 2024, reaching $109,614 in 2024. That's an average of about 3.5% per year.
Income Inequality and the Gender Pay Gap in Shoreview
| Metric | Shoreview | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.497 | 0.507 | 0.552 |
| Male Median Income | $101,713 | $74,898 | $69,667 |
| Female Median Income | $87,179 | $62,922 | $56,850 |
| Gender Pay Gap | 14.3% | 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 Shoreview, it is 0.497, 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 17% more than women's income in Shoreview, Minnesota. Over a 35-year career, a 17% wage gap accumulates to roughly $508,690 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Shoreview, Minnesota has narrowed from about 24% to 14% in 2024. Over that period the gap was widest at 32% in 2013, and was narrowest at 7% in 2022. In dollar terms, the gap has narrowed by $2,575 since 2009.
Employment
| Metric | Shoreview | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 4.1% | 5.2% |
| Working from Home | 20.6% | 17.6% | 15.0% |
| Commute time (minutes) | 22 | 20 | 22 |
Approximately 597 people are unemployed in Shoreview, Minnesota.
The average commute time in Shoreview is 22 minutes, longer than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Shoreview, Minnesota has fallen from 6.2% to 4.3% in 2024. Over that period the rate fell as low as 2.8% in 2016.
Conclusion
Considering all these factors, Shoreview, Minnesota has an overall wealth index grade of A+, making it somewhat better than Minnesota, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Shoreview, Minnesota.
How Rich Is Shoreview, Minnesota?
Shoreview has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $109,614, about 22% higher than the Minnesota average of $89,852.
How fast is household income rising in Shoreview, Minnesota?
Between 2009 and 2024, the median household income in Shoreview, Minnesota rose 40%, from $78,531 to $109,614. Over the same years, income here lagged behind Minnesota as a whole: +40% against +57%.
What was the median household income in Shoreview in 2023?
In 2023, the median household income in Shoreview, Minnesota was $112,696, up 4% from $108,746 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Shoreview in 2020?
In 2020, the median household income in Shoreview, Minnesota was $97,525. By 2024 it had risen 12% to $109,614.
Is Shoreview, Minnesota a high-income area?
Yes. 23% of adults in Shoreview, Minnesota earn $100,000 or more a year (about 1 in 4), against 15% (about 1 in 7) in Minnesota. 20% of households have a combined income of $200,000 or more, compared with 14% in Minnesota.
What is the Gini coefficient in Shoreview, Minnesota?
The Gini coefficient in Shoreview is 0.497. 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 Shoreview, Minnesota?
Since 2009, the income gap between men and women in Shoreview, Minnesota has narrowed from about 24% to 14% in 2024. Over that period the gap was widest at 32% in 2013, and was narrowest at 7% in 2022. In dollar terms, the gap has narrowed by $2,575 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →