Here's How Much People Make In The Richest County In Minnesota

Minneapolis MN

08 January, 2020

2:52 PM

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CARVER COUNTY, MN — In today's modern world, there are such realities as $7 cups of coffee, designer clothing on dogs and people spending inordinate amounts of money on services that rarely justify the cost. And while we're not all living this lavish lifestyle, a new report suggests you might find this type of spending in Carver County, which was just named the richest county in Minnesota. The typical household rakes in about $97,895 a year, according to the report published in January by the financial news and opinion site 24/7 Wall St. Here's other priceless information on the richest county in our state: Carver County, MInnesota Median household income: $97,895 (state: $68,411) Poverty rate: 4 percent (state: 10.1 percent) Unemployment: 2.4 percent (state: 3.2 percent) Bachelor's degrees among adults: 48.1 percent (state: 35.4 percent) Largest city in county: Chaska Across the country, the typical household in the wealthiest counties earned between $61,000 and $136,000 a year, with Loudoun County, Virginia, coming in as the wealthiest county in the nation. The top five richest counties in the country were rounded out by Howard County, Maryland ($117,730); Santa Clara County, California ($116,178); Douglas County, Colorado ($115,314); and Los Alamos County, New Mexico ($115,248). At the other end of the spectrum, Arizona's Maricopa County had the lowest median income of the wealthiest counties at $61,606. Still, the median household income in Maricopa County was close to $5,000 higher than in the rest of the state. To determine the richest county in each state, 24/7 Wall St. looked through the median annual household incomes for each U.S. county using five-year estimates from the U.S. Census Bureau's 2018 American Community Survey. The full methodology and report are available at 24/7 Wall St.