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Minnesota Income Sources

Monday, December 11, 2017

Minnesotans' per capita income is over 13 percent higher than the national average

Minnesotans enjoy per capita income that is 13.3 percent higher than the national average. 

According to U.S. Census Bureau figures, Minnesota’s workers had an aggregated income of $179.3 billion in 2015, which ranked 16th nationally, even though the state was 21st in population. Minnesota’s total income that year topped Arizona, Indiana, Tennessee, Missouri and Wisconsin – all states with more residents than Minnesota. 

So why do Minnesotans on average make $3,826 more in annual income than the typical U.S. worker? 

Part of the answer may lie in income sources. Wages and salaries accounted for 77 percent of Minnesotans’ income in 2015, followed by Social Security income; investment, dividends and net rental income; self-employment income; and retirement income.

Meanwhile, wages and salaries accounted for 74.3 percent of household income nationally. Social Security income; interest, dividend or net rental income; and retirement income accounted for a larger share of income nationally than in Minnesota. 

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Todd County was created on February 20, 1885 (Organized in 1873) from Cass County.  The county was named in honor of John Blair Smith Todd, commander of Fort Ripley (1849-56); general in the Civil War; delegate in Congress from Dakota Territory, 1861 and 1863-65; governor of Dakota Territory, 1869-71.