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The total population of Independence is estimated to be 3,718 with 1,946 males (52.34%) and 1,772 females (47.66%). There are 174 less females than males in Independence.
The median household income in Independence was $214,282 in 2021, which marked an an increase of 9,912(4.85%) from $204,370 in 2020. This income is 287.22% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Independence sees its highest median household income among householders in the age group of 25 to 44 years old, at $270,229. Overall, the median household income for the city of Independence stands at $214,282.
In Independence, the median income for all workers aged 15 years and older, regardless of work hours, was $114,324 for males and $33,818 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $163,421 for males and $90,997 for females.
In Independence, population is primarily represented by White households, reporting a median income of $215,465.
In 2022, the population of Independence was 3,653, a 1.19% decrease year-by-year from 2021. Previously, in 2021, Independence's population was 3,697, a decline of 1.36% compared to a population of 3,748 in 2020.
The median age in Independence, MN is 39.7, as per 2021 ACS 5-Year Estimates. Of the total population, 26.35% were under the age of 15, 12.16% aged 15 to 29, 46.85% aged 30 to 64, 12.34% aged 65 to 84, and 2.30% were 85 years of age and older.
Racial distribution of Independence population: 94.67% are White, 2.25% are Black or African American, 0.32% are Asian and 2.76% are multiracial.