Age of householder
Per the latest American Community Survey by the Census Bureau, Nickerson township sees its highest median household income among householders in the age group of 25 to 44 years old, at $85,573. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Nickerson township, the median household income stands at $85,573 for householders within the 25 to 44 years age group, followed by $57,349 for the 65 years and over age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $41,210.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $44,711(109.42%), escalating from a median of $40,862 in 2011 to $85,573 in 2021.
- 0 households where the householder is under 25 years old.
- 14(18.92%) households with a householder aged between 25 and 44 years.
- 42(56.76%) households with a householder aged between 45 and 64 years.
- 18(24.32%) households where the householder is over 65 years old.
Read more about Nickerson Township, Minnesota median household income by age ➔
Gender
In Nickerson township, the population consists of 109 males (55.33%) and 88 females (44.67%). Here are the primary highlights from the gender-based income distribution analysis:
- In Nickerson township, the median income for all workers aged 15 years and older, regardless of work hours, was $24,321 for males and $21,167 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,839 for males and $49,092 for females.
- In Nickerson township, the median income for all workers aged 15 years and older, regardless of work hours, was $24,321 for males and $21,167 for females.
- In Nickerson township, among full-time, year-round workers aged 15 years and older, males earned a median income of $46,839, while females earned $49,092
Read more about Nickerson Township, Minnesota income by gender ➔
Race
In Nickerson township, the population is predominantly White, constituting 96.95% 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 $57,485.
- In Nickerson township, White is both the largest group and the one with the highest median household income, which stands at $57,485.
- In Nickerson township, the median household income for the households where the householder is White increased by $18,621(47.91%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $38,864 in 2011 and $57,485 in 2021.
- As per the U.S. Census Bureau population data, in Nickerson 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 Nickerson Township, Minnesota median household income by race ➔
Year by year
Nickerson Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Nickerson township increased by $21,046 (57.37%), 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 2014 to 2015, when the median household income increased by 14,618 (from $54,294 to $68,912). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 13,063 (from $83,833 to $70,770).
- It then further increased to $93,229 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3993, it is evident that income distribution in Nickerson Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $36,481.
Read more about Nickerson Township, Minnesota median household income ➔