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Draft <br />May 2017 <br />Resident income is one of the highest in the state. The graph below depicts Washington <br />County's per capita income as the third highest in the state of Minnesota. This high level of <br />personal incomes means that there is a strong purchasing power, which is an opportunity to <br />support new development. This is further substantiated by data on household median income <br />and net worth statistics. <br />2014 Per Capita Incomes <br />Minnesota $31,642 <br />Anoka Co. $31,474 <br />Carver Co. $38,638 <br />Dakota Co. $35,755 <br />Hennepin Co. �.,' $38,125 <br />Ramsey Co. $30,076 <br />Scott Co. $35,690 <br />Washington Co. $37,841 <br />$20,000 $25,000 $30,000 $35,000 $40,000 <br />Source: American Community Survey <br />According to 2015 estimates, Washington County's median income is $87,995, 39% higher than <br />statewide, and an increase 5.3% over the year. Washington County had an average net worth of <br />$793,314 in 2013 and a median net worth of $216,586. Median net worth is generally a more <br />accurate depiction of wealth than the average figure. A few households with very large net worth <br />can significantly skew the average. As a comparison, the metropolitan area had an average net <br />worth of $586,479 and median net worth of $111,991. <br />This is also reflected in the data about employed residents over the age of 16; median earnings <br />are $59,262. Washington County had an estimated 134,000 employed residents who were at <br />least 16 years of age, in 2015. The largest percentage of jobs were found within Management, <br />Business, and Financial Operations; followed by Office and Administrative Support; and <br />Education, Legal, Community Services, Arts, and Media occupations. <br />Washington County Occupational Statistics, 2010-2014 American Community Survey <br />Occupational Group <br />Employment <br />% Male <br />% Female <br />Median <br />Earnings <br />Civilian employed population 16 years & over <br />133,637 <br />51.5% <br />48.5% <br />$59,262 <br />Management, business, and financial <br />25,917 <br />57.4% <br />42.6% <br />$85,220 <br />Office and administrative support <br />16,912 <br />29.1% <br />70.9% <br />$41,369 <br />13 <br />