Boxville Township, Minnesota Income

The inflation-adjusted median household income in Boxville township was $63,504, based on U.S. Census Bureau ACS estimates.
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Updated Dec 15, 2023
Overview
$63,504
Median household income
0.3258
Gini coefficient
** (N/A)
Highest median income age group
$NA
Income of top 5%

All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates

TABLE OF CONTENTS

Race

In Boxville township, the population is predominantly White, constituting 100% of the total residents. Here are the key highlights from the analysis of income distribution by race:

  • The median household income for White households is $63,504.
  • In Boxville township, White is both the largest group and the one with the highest median household income, which stands at $63,504.
  • In Boxville township, the median household income for the households where the householder is White increased by $5,752(9.96%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $57,752 in 2011 and $63,504 in 2021.
  • As per the U.S. Census Bureau population data, in Boxville township, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
The bar chart shows Boxville Township, Minnesota median household income across all racial categories identified by the U.S. Census Bureau.
Boxville Township, Minnesota median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Boxville Township, Minnesota median household income by race ➔

Year by year

Boxville Township, Minnesota median household income trends by year, family type and household size (2010-2021):

  • From 2010 to 2021, the median household income for Boxville township increased by $8,127 (14.68%), as per the American Community Survey estimates.
  • Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
  • The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 10,735 (from $59,625 to $70,360). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 16,703 (from $62,439 to $45,736).
  • Additionally, the Census Bureau did not report a median household income for larger household sizes.
  • With a Gini coefficient of 0.3258, it is evident that income distribution in Boxville Township, Minnesota exihibits characterstics of moderate equality .
  • NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
The line chart shows Boxville Township, Minnesota median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.
Boxville Township, Minnesota median household income trends: 2010 to 2021. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Boxville Township, Minnesota median household income ➔

References

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Median household income of places that contain Boxville township (in 2022 dollars)
Insights for Boxville township, by topic

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Neilsberg Research
Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

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