Minnesota incomes grow, but racial gaps remain
ST. PAUL -- Minnesotans of color continue to largely miss out on the financial successes enjoyed by their white neighbors, new economic data released Thursday by the U.S. Census shows.
Median household income for all Minnesotans rose in 2015 by $2,000 to $63,500, or more than 3 percent, an analysis of census data by the state demographer’s office found. During the same time, the overall poverty rate fell from 11.5 percent to 10.2 percent, with roughly 65,000 fewer Minnesotans now living below the poverty line.
Workforce participation also improved, with 63.7 percent of working-age residents holding full-time jobs, up from 62.7 percent the year before.