Woodbury, Minnesota Income Statistics
Woodbury 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+
Woodbury Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Woodbury | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $125,468 | $89,852 | $80,455 |
| Median Personal Income | $88,686 | $67,028 | $60,758 |
| Average Yearly Income Growth | 2.6% | 4.4% | 4.8% |
| Six-Figure Earners | 25.6% | 15.1% | 13.9% |
| $200k+ Households | 26.5% | 13.8% | 13.2% |
The median household income in Woodbury is about 40% higher than in Minnesota. Income has been growing slower in Woodbury (2.6%/yr) than in Minnesota (4.4%/yr).
About 26% of adults in Woodbury 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 Woodbury, Minnesota grew by 37.4% from 2009 to 2024, reaching $125,468 in 2024. That's an average of about 2.6% per year.
Income Inequality and the Gender Pay Gap in Woodbury
| Metric | Woodbury | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.494 | 0.507 | 0.552 |
| Male Median Income | $97,995 | $74,898 | $69,667 |
| Female Median Income | $82,718 | $62,922 | $56,850 |
| Gender Pay Gap | 15.6% | 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 Woodbury, 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 18% more than women's income in Woodbury, Minnesota. Over a 35-year career, a 18% wage gap accumulates to roughly $534,695 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Woodbury, Minnesota has narrowed from about 27% to 16% in 2024. Over that period the gap was widest at 28% in 2015. In dollar terms, the gap has narrowed by $4,213 since 2009.
Employment
| Metric | Woodbury | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 4.1% | 5.2% |
| Working from Home | 27.4% | 17.6% | 15.0% |
| Commute time (minutes) | 22 | 20 | 22 |
Approximately 1,707 people are unemployed in Woodbury, Minnesota.
The average commute time in Woodbury is 22 minutes, longer than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Woodbury, Minnesota has fallen from 4.0% to 3.9% in 2024. Over that period the rate peaked at 5.3% in 2013 and fell as low as 2.3% in 2019.
Woodbury, MN Wealth Compared With Nearby Cities
How Woodbury, MN compares with the 2 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. |
|---|---|---|---|---|---|
| Woodbury, MN | 78,283 | $125,468 #1/3 | 2.6%/yr #3/3 | 3.9% #3/3 | 0.494 #3/3 |
| Cottage Grove, MN | 39,611 | $122,606 | 4.4%/yr | 3.7% | 0.482 |
| Oakdale, MN | 29,256 | $93,714 | 4.5%/yr | 3.3% | 0.484 |
Conclusion
Considering all these factors, Woodbury, Minnesota has an overall wealth index grade of A+, making it notably better than Minnesota, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Woodbury, Minnesota.
How Rich Is Woodbury, Minnesota?
Woodbury 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 $125,468, about 40% higher than the Minnesota average of $89,852.
How has median household income changed in Woodbury, Minnesota?
Between 2009 and 2024, the median household income in Woodbury, Minnesota rose 37%, from $91,286 to $125,468. Over the same years, income here lagged behind Minnesota as a whole: +37% against +57%.
What was the median household income in Woodbury in 2023?
In 2023, the median household income in Woodbury, Minnesota was $125,685, about the same as in 2022. The Minnesota median that year was $88,324.
What was the median household income in Woodbury in 2020?
In 2020, the median household income in Woodbury, Minnesota was $108,869. By 2024 it had risen 15% to $125,468.
How many people earn six figures in Woodbury, Minnesota?
Yes. 26% of adults in Woodbury, Minnesota earn $100,000 or more a year (about 1 in 4), against 15% (about 1 in 7) in Minnesota. 27% of households have a combined income of $200,000 or more, compared with 14% in Minnesota.
What is the Gini coefficient in Woodbury, Minnesota?
The Gini coefficient in Woodbury 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 Woodbury, Minnesota?
Since 2009, the income gap between men and women in Woodbury, Minnesota has narrowed from about 27% to 16% in 2024. Over that period the gap was widest at 28% in 2015. In dollar terms, the gap has narrowed by $4,213 since 2009.
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