Rochester Area Median Income Tops $70K
Undated (KROC-AM News) - A new report from the U.S. Census shows Olmsted County's median household income climbed almost $10,000 over the previous five years.
The data put the median income in 2010 at around $61,000 and shows it climbed to just over $70,000 last year. Statewide, the median household income rose from about $55,000 to just under $63,500 from 2010 to 2015. Both figures are well above the national average of just over $55,000 last year.
Olmsted County's poverty rate declined last year, but it remains higher than it was five years ago. The latest data estimates 8.9-percent of Olmsted County residents live below the poverty line. The poverty rate in the Rochester area in 2014 and 2013 was 9.8-percent, but looking back to 2010 it was 8.5-percent and even dipped to 8-percent in 2011.
The overall poverty rate for the entire state was pegged at 10.2-percent last year, which was over a point lower than the rates reported during the previous four years.
The same report shows Olmsted County's child poverty rate last year was just over 11-percent and has fluctuated between 10 and 13-percent during the past five years. The statewide child poverty rate in 2015 was the lowest in the past five years at just over 13-percent.