Income and Poverty in Minneapolis-St. Paul-Bloomington, MN-WI
The median household income in the area has declined from the 2000 values (inflation adjusted). The median income has decreased to $59,691, posting a 6.1 percent decline. The Minneapolis-St. Paul-Bloomington, MN-WI MSA, when analyzing percentage of decline, ranks 2 of 7 metro area in percent of decline for household income in Minnesota. Minneapolis-St Paul-Bloomington ranks 159 of 233 metro area when analyzing the decline in median household income in the United States.
Contrasted against to other Metropolitan Areas throughout the US, the Minneapolis-St Paul-Bloomington metro area may be understood as having a very low rate of poverty among its population, accounting a rate of 6.7 percent of the individuals existing in families with incomes under the poverty level in 1999. The Black or African American race/ethnicity demographic group, represents the largest rate of poverty with 26.2 percent of the 2000 population living in poverty. People that are of the age 5 years have the most percent of people living in poverty in Minneapolis-St Paul-Bloomington, reporting 9 percent of this age group in the area living in poverty.
Compared to Metro Areas across the United States, the Minneapolis-St Paul-Bloomington metro area had a very high household income of $63,536 (Adjusted to 2005 Dollars). This is 13.2 percent higher than the median in State of Minnesota of $55,120 and the income level is 22.7 percent higher than the median for the rest of the nation, which is a reported $49,133.
In Minneapolis-St. Paul-Bloomington, MN-WI White headed households reported a median household income (2005 Dollars) of $66,105 according to the 2000 Dencennial Census, which was 4 percent greater than the median household income in 2000. Black or African American headed households had a median household income that was 45.8 percent less than the overall reported level in 2000, with a reported median of $34,418. Hispanic in Minneapolis-St. Paul-Bloomington, MN-WI , according to the 2000 census, had a median household income of $45,981, this median is 27.6 percent less than reported value of the areas total household median income for all households. It was reported in 2000 that the Asian headed households had median household incomes of $55,360. This household income level is 12.9 percent less than the all households reported median in the area. The households that were headed by an American Indian and Alaska Native individual in Minneapolis-St Paul-Bloomington reported a median household income of $39,989, this was 37.1 percent less than the median income level in this area.
As the median income level saw a decline from 2000 to 2005 in the Minneapolis-St. Paul-Bloomington, MN-WI metro area, the Race/Ethnicity category that felt the biggest decline in median household income was the Hispanic category. This category saw a decline of 42.9 percent in the last five years. The American Indian and Alaska Native Race/Ethnicity category has been least effected by the income level decline in Minneapolis-St Paul-Bloomington, undergoing a 40.5 percent increase in median income, since the values reporting the 2000 Decennial Census.
The poverty rate in the Minneapolis-St. Paul-Bloomington, MN-WI Metro has increased by 1.6 percent from the levels reported in the Decennial Census of 2000, moving from 6.7 percent to 8.3 percent.
Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.
Contrasted against to other Metropolitan Areas throughout the US, the Minneapolis-St Paul-Bloomington metro area may be understood as having a very low rate of poverty among its population, accounting a rate of 6.7 percent of the individuals existing in families with incomes under the poverty level in 1999. The Black or African American race/ethnicity demographic group, represents the largest rate of poverty with 26.2 percent of the 2000 population living in poverty. People that are of the age 5 years have the most percent of people living in poverty in Minneapolis-St Paul-Bloomington, reporting 9 percent of this age group in the area living in poverty.
Compared to Metro Areas across the United States, the Minneapolis-St Paul-Bloomington metro area had a very high household income of $63,536 (Adjusted to 2005 Dollars). This is 13.2 percent higher than the median in State of Minnesota of $55,120 and the income level is 22.7 percent higher than the median for the rest of the nation, which is a reported $49,133.
In Minneapolis-St. Paul-Bloomington, MN-WI White headed households reported a median household income (2005 Dollars) of $66,105 according to the 2000 Dencennial Census, which was 4 percent greater than the median household income in 2000. Black or African American headed households had a median household income that was 45.8 percent less than the overall reported level in 2000, with a reported median of $34,418. Hispanic in Minneapolis-St. Paul-Bloomington, MN-WI , according to the 2000 census, had a median household income of $45,981, this median is 27.6 percent less than reported value of the areas total household median income for all households. It was reported in 2000 that the Asian headed households had median household incomes of $55,360. This household income level is 12.9 percent less than the all households reported median in the area. The households that were headed by an American Indian and Alaska Native individual in Minneapolis-St Paul-Bloomington reported a median household income of $39,989, this was 37.1 percent less than the median income level in this area.
As the median income level saw a decline from 2000 to 2005 in the Minneapolis-St. Paul-Bloomington, MN-WI metro area, the Race/Ethnicity category that felt the biggest decline in median household income was the Hispanic category. This category saw a decline of 42.9 percent in the last five years. The American Indian and Alaska Native Race/Ethnicity category has been least effected by the income level decline in Minneapolis-St Paul-Bloomington, undergoing a 40.5 percent increase in median income, since the values reporting the 2000 Decennial Census.
The poverty rate in the Minneapolis-St. Paul-Bloomington, MN-WI Metro has increased by 1.6 percent from the levels reported in the Decennial Census of 2000, moving from 6.7 percent to 8.3 percent.
Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.
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