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
Age of householder
Per the latest American Community Survey by the Census Bureau, Mary township sees its highest median household income among householders in the age group of 45 to 64 years old, at $136,465. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Mary township only reports a median household income of $136,465 among householders in the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $59,645(77.64%), escalating from a median of $76,820 in 2011 to $136,465 in 2021.
- 0 households where the householder is under 25 years old.
- 2(7.69%) households with a householder aged between 25 and 44 years.
- 18(69.23%) households with a householder aged between 45 and 64 years.
- 6(23.08%) households where the householder is over 65 years old.
Read more about Mary Township, Minnesota median household income by age ➔
Gender
In Mary township, the population consists of 35 males (55.56%) and 28 females (44.44%). Here are the primary highlights from the gender-based income distribution analysis:
- In Mary township, the median income for all workers aged 15 years and older, regardless of work hours, was $65,469 for males and $47,096 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $56,411 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Mary township, the median income for all workers aged 15 years and older, regardless of work hours, was $65,469 for males and $47,096 for females.
- In Mary township, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $56,411 for females, while data for males was unavailable due to an insufficient number of sample observations.
Read more about Mary Township, Minnesota income by gender ➔
Race
In Mary township, the population is predominantly White, constituting 93.65% 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 $136,465.
- In Mary township, White is both the largest group and the one with the highest median household income, which stands at $136,465.
- In Mary township, the median household income for the households where the householder is White increased by $44,117(47.77%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $92,348 in 2011 and $136,465 in 2021.
- As per the U.S. Census Bureau population data, in Mary 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.
Read more about Mary Township, Minnesota median household income by race ➔
Year by year
Mary Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Mary township increased by $29,518 (31.14%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 31,366 (from $92,336 to $123,702). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 9,338 (from $90,749 to $81,411).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.2917, it is evident that income distribution in Mary Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $48,047.
Read more about Mary Township, Minnesota median household income ➔
References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)