Age of householder
Per the latest American Community Survey by the Census Bureau, Alango township sees its highest median household income among householders in the age group of 25 to 44 years old, at $85,122. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Alango township, where there exist only two delineated age groups, the median household income is $85,122 for householders within the 25 to 44 years age group, compared to $66,206 for the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $31,228(89.28%), escalating from a median of $34,978 in 2011 to $66,206 in 2021.
- 2(2.08%) households where the householder is under 25 years old.
- 26(27.08%) households with a householder aged between 25 and 44 years.
- 39(40.62%) households with a householder aged between 45 and 64 years.
- 29(30.21%) households where the householder is over 65 years old.
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Gender
In Alango township, the population consists of 125 males (58.41%) and 89 females (41.59%). Here are the primary highlights from the gender-based income distribution analysis:
- In Alango township, while the Census reported a median income of $48,641 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 median income was $82,420 for males and $57,086 for females.
- In Alango township, while the Census reported a median income of $48,641 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 Alango township, among full-time, year-round workers aged 15 years and older, males earned a median income of $82,420, while females earned $57,086, leading to a 31% gender pay gap among full-time workers. This illustrates that women earn 69 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Alango township, the population is predominantly White, constituting 91.59% 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 $66,881.
- In Alango township, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $152,679. This reveals that, while Whites may be the most numerous in Alango township, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Alango township, the median household income for the households where the householder is White increased by $2,319(3.59%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $64,562 in 2011 and $66,881 in 2021.
- As per the U.S. Census Bureau population data, in Alango 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.
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Year by year
Alango Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Alango township increased by $11,672 (21.40%), 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 2012 to 2013, when the median household income increased by 19,947 (from $63,640 to $83,587). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 13,716 (from $76,398 to $62,682).
- It then further increased to $85,797 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3992, it is evident that income distribution in Alango Township, Minnesota exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $68,908. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $57,648.
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