St. Michael, Minnesota Income Statistics
St. Michael 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.
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A+
St. Michael Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | St. Michael | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $136,727 | $89,852 | $80,455 |
| Median Personal Income | $74,115 | $67,028 | $60,758 |
| Average Yearly Income Growth | 5.0% | 4.4% | 4.8% |
| Six-Figure Earners | 22.6% | 15.1% | 13.9% |
| $200k+ Households | 22.2% | 13.8% | 13.2% |
The median household income in St. Michael is about 52% higher than in Minnesota. Income has been growing faster in St. Michael (5.0%/yr) than in Minnesota (4.4%/yr).
About 23% of adults in St. Michael 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 St. Michael, Minnesota grew by 69.9% from 2009 to 2024, reaching $136,727 in 2024. That's an average of about 5.0% per year.
Income Inequality and the Gender Pay Gap in St. Michael
| Metric | St. Michael | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.473 | 0.507 | 0.552 |
| Male Median Income | $90,241 | $74,898 | $69,667 |
| Female Median Income | $72,349 | $62,922 | $56,850 |
| Gender Pay Gap | 19.8% | 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 St. Michael, it is 0.473, 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 25% more than women's income in St. Michael, Minnesota. Over a 35-year career, a 25% wage gap accumulates to roughly $626,220 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in St. Michael, Minnesota has stayed about the same since 2009, at around 20%. Over that period the gap was widest at 28% in 2018, and was narrowest at 15% in 2023. In dollar terms, the gap has widened by $6,805 since 2009.
Employment
| Metric | St. Michael | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.9% | 4.1% | 5.2% |
| Working from Home | 21.4% | 17.6% | 15.0% |
| Commute time (minutes) | 31 | 20 | 22 |
Approximately 286 people are unemployed in St. Michael, Minnesota.
The average commute time in St. Michael is 31 minutes, longer than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in St. Michael, Minnesota has fallen from 5.8% to 1.9% in 2024. Over that period the rate peaked at 6.4% in 2012 and fell as low as 1.3% in 2023.
St. Michael, MN Wealth Compared With Nearby Cities
How St. Michael, 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. |
|---|---|---|---|---|---|
| St. Michael, MN | 25,386 | $136,727 #1/2 | 5.0%/yr #1/2 | 1.9% #2/2 | 0.473 #2/2 |
| Otsego, MN | 20,942 | $123,682 | 4.2%/yr | 1.8% | 0.472 |
Conclusion
Considering all these factors, St. Michael, 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 St. Michael, Minnesota.
How Rich Is St. Michael, Minnesota?
St. Michael 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 $136,727, about 52% higher than the Minnesota average of $89,852.
How fast is household income rising in St. Michael, Minnesota?
Between 2009 and 2024, the median household income in St. Michael, Minnesota rose 70%, from $80,481 to $136,727. Over the same years, income here outpaced Minnesota as a whole: +70% against +57%.
What was the median household income in St. Michael in 2023?
In 2023, the median household income in St. Michael, Minnesota was $133,986, up 9% from $122,498 in 2022. The Minnesota median that year was $88,324.
What was the median household income in St. Michael in 2020?
In 2020, the median household income in St. Michael, Minnesota was $106,020. By 2024 it had risen 29% to $136,727.
Is St. Michael, Minnesota a high-income area?
Yes. 23% of adults in St. Michael, Minnesota earn $100,000 or more a year (about 1 in 4), against 15% (about 1 in 7) in Minnesota. 22% of households have a combined income of $200,000 or more, compared with 14% in Minnesota.
How strong is the job market in St. Michael, Minnesota?
Unemployment in St. Michael, Minnesota is only 1.9%, 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 St. Michael, Minnesota?
The Gini coefficient in St. Michael is 0.473. 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 St. Michael, Minnesota?
The income gap between men and women in St. Michael, Minnesota has stayed about the same since 2009, at around 20%. Over that period the gap was widest at 28% in 2018, and was narrowest at 15% in 2023. In dollar terms, the gap has widened by $6,805 since 2009.
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