Thursday, January 11, 2007

Income and Poverty in Dakota County, Minnesota

When compared to other counties (and parishes) throughout the United States, Dakota County had a very high median household income of $72,380 (Adjusted to 2005 Dollars). This is 23.8 percent higher than the household income median in State of Minnesota of $55,120 and the median household income is 32.1 percent higher than the median household income in the United States of $49,133.

The poverty rate in Dakota County, Minnesota has increased by 1.7 percent since the 2000 rates, moving from 3.6 percent to 5.3 percent.

The Asian headed households reported median household incomes of $71,028. This median is 1.9 percent less than the reported median for all households in the area. Hispanic households in Dakota County, Minnesota recorded a median income of $54,555, which is 24.6 percent less than reported value of the areas total household median income for all households. The households that were headed by an American Indian and Alaska Native individual in Dakota County reported an income level of $62,532, this median was 13.6 percent less than the median income level in this area. Black or African American headed households had a median household income that was 24 percent less than the all population median published in the 2000 Census, with a median of $55,022. In Dakota County, Minnesota White headed households reported a median household income (2005 Dollars) of $73,157 according to the Decennial Census of 2000, which was 1.1 percent greater than the median household income in 2000.

While household income level experienced a decline in the last five year in Dakota County, Minnesota, the Race/Ethnicity group that went through the most dramatic decline in median household income was the Black or African American Race/Ethnicity category. This group experienced a decline of 58.6 percent since the year 2000. The American Indian and Alaska Native population category was least influenced by the median household income decline in Dakota County, encountering a 5.3 percent increase in household income, since the reported levels in 2000.

When put side-by-side with other counties (or parishes) throughout the United States, Dakota County, Minnesota can be understood to have a very low rate of poverty among the people, accounting a rate of 3.6 percent of the population with family incomes below the 1999 poverty level. The Black or African American race/ethnicity demographic category, owns the foremost rate of poverty with 12.8 percent of the people in 2000 living in poverty. The population that is aged 75 years and over are experiencing most percent people in poverty in Dakota County, having 8.6 percent of this demographic group living with incomes under poverty.

The areas median household income has declined from the inflation-adjusted values in 2000. The income level has decreased to $66,467, which amounts to a 8.2 percent decline. Dakota County, Minnesota, in terms of percent of decline, ranks 2 of 11 counties in percent of decline for the household income level in the State of Minnesota. Dakota County ranks 321 of 668 counties (or parishes) when analyzing the decline in median income level for the United States.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

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