Woodbury, MN Income

The inflation-adjusted median household income in Woodbury was $123,496, based on U.S. Census Bureau ACS estimates.
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Updated Dec 15, 2023
Overview
$123,496
Median household income
0.4106
Gini coefficient
** (N/A)
Highest median income age group
$567,939
Income of top 5%

All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates

TABLE OF CONTENTS

Gender

In Woodbury, the population consists of 36,765 males (49.67%) and 37,249 females (50.33%). Here are the primary highlights from the gender-based income distribution analysis:

  • In Woodbury, the median income for all workers aged 15 years and older, regardless of work hours, was $76,129 for males and $46,581 for females.
  • However, when specifically considering full-time, year-round workers within the same age group, the median income was $99,174 for males and $80,408 for females.
  • In Woodbury, the median income for all workers aged 15 years and older, regardless of work hours, was $76,129 for males and $46,581 for females.
  • In Woodbury, among full-time, year-round workers aged 15 years and older, males earned a median income of $99,174, while females earned $80,408, leading to a 19% gender pay gap among full-time workers. This illustrates that women earn 81 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
Line chart showing the annual median income trends in Woodbury, MN for males and females across four employment categories: (1) Males in full-time year-round positions, (2) Males in non-full-time roles (part-time and other employment types), (3) Females in full-time year-round positions, and (4) Females in non-full-time roles (part-time and other employment types).
Woodbury, MN gender based income disparity: Gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals, in 2022 inflation adjusted dollars. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Woodbury, MN income by gender ➔

Race

In Woodbury, the population is predominantly White, constituting 78.18% of the total residents. Here are the key highlights from the analysis of income distribution by race:

  • The median household income for White households is $118,937.
  • In Woodbury, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $138,908. This reveals that, while Whites may be the most numerous in Woodbury, Asian households experience greater economic prosperity in terms of median household income.
  • In Woodbury, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $118,937, marking a significant change.
  • In Woodbury, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $112,288, marking a significant change.
The bar chart shows Woodbury, MN median household income across all racial categories identified by the U.S. Census Bureau.
Woodbury, MN median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Woodbury, MN median household income by race ➔

Year by year

Woodbury, MN median household income trends by year, family type and household size (2010-2021):

  • From 2010 to 2021, the median household income for Woodbury increased by $195 (0.16%), as per the American Community Survey estimates.
  • Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
  • The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 1,415 (from $123,211 to $124,626). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 2,184 (from $124,626 to $122,442).
  • It then further increased to $176,989 for 7-person households, the largest household size for which the bureau reported a median household income.
  • With a Gini coefficient of 0.4106, it is evident that income distribution in Woodbury, MN exihibits characterstics of moderate inequality .
  • For the family households, the median income (in 2022 inflation-adjusted dollars) was $140,061. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $68,996.
The line chart shows Woodbury, MN median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.
Woodbury, MN median household income trends: 2010 to 2021. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Woodbury, MN median household income ➔

References

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Woodbury, MN Demographics

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Median household income of places that contain Woodbury (in 2022 dollars)

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Neilsberg Research
Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

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