Age of householder
Per the latest American Community Survey by the Census Bureau, Strand township sees its highest median household income among householders in the age group of 25 to 44 years old, at $270,229. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Strand township, where there exist only two delineated age groups, the median household income is $270,229 for householders within the 25 to 44 years age group, compared to $64,044 for the 45 to 64 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $212,205(365.72%), escalating from a median of $58,024 in 2011 to $270,229 in 2021.
- 0 households where the householder is under 25 years old.
- 10(28.57%) households with a householder aged between 25 and 44 years.
- 13(37.14%) households with a householder aged between 45 and 64 years.
- 12(34.29%) households where the householder is over 65 years old.
Read more about Strand Township, Minnesota median household income by age ➔
Gender
In Strand township, the population consists of 50 males (65.79%) and 26 females (34.21%). Here are the primary highlights from the gender-based income distribution analysis:
- In Strand township, while the Census reported a median income of $47,020 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $45,939 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Strand township, while the Census reported a median income of $47,020 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Strand township, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $45,939 for females, while data for males was unavailable due to an insufficient number of sample observations.
Read more about Strand Township, Minnesota income by gender ➔
Race
In Strand township, the population is predominantly White, constituting 98.68% 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 $75,664.
- In Strand township, White is both the largest group and the one with the highest median household income, which stands at $75,664.
- In Strand township, the median household income for the households where the householder is White decreased by $6,526(7.94%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $82,190 in 2011 and $75,664 in 2021.
- As per the U.S. Census Bureau population data, in Strand 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 Strand Township, Minnesota median household income by race ➔
Year by year
Strand Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Strand township decreased by $7,487 (9.15%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2015 to 2016, when the median household income increased by 15,413 (from $80,140 to $95,553). Similarly the most substantial year-by-year decline occured from 2016 to 2017, when the median household income decreased by 25,193 (from $95,553 to $70,360).
- It then further increased to $270,229 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4886, it is evident that income distribution in Strand Township, Minnesota exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $36,481.
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