Age of householder
Per the latest American Community Survey by the Census Bureau, Alden township sees its highest median household income among householders in the age group of 25 to 44 years old, at $119,351. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Alden township, the median household income stands at $119,351 for householders within the 25 to 44 years age group, followed by $118,900 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $77,015.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $29,004(32.26%), escalating from a median of $89,896 in 2011 to $118,900 in 2021.
- 0 households where the householder is under 25 years old.
- 17(21.25%) households with a householder aged between 25 and 44 years.
- 30(37.50%) households with a householder aged between 45 and 64 years.
- 33(41.25%) households where the householder is over 65 years old.
Read more about Alden township, Freeborn County, Minnesota median household income by age ➔
Gender
In Alden township, the population consists of 119 males (55.09%) and 97 females (44.91%). Here are the primary highlights from the gender-based income distribution analysis:
- In Alden township, while the Census reported a median income of $53,370 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 $74,042 for males and $52,694 for females.
- In Alden township, while the Census reported a median income of $53,370 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 Alden township, among full-time, year-round workers aged 15 years and older, males earned a median income of $74,042, while females earned $52,694, leading to a 29% gender pay gap among full-time workers. This illustrates that women earn 71 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
Read more about Alden township, Freeborn County, Minnesota income by gender ➔
Race
In Alden township, the population is predominantly White, constituting 98.61% 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 $94,580.
- In Alden township, White is both the largest group and the one with the highest median household income, which stands at $94,580.
- In Alden township, the median household income for the households where the householder is White increased by $19,666(26.25%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $74,914 in 2011 and $94,580 in 2021.
- As per the U.S. Census Bureau population data, in Alden 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 Alden township, Freeborn County, Minnesota median household income by race ➔
Year by year
Alden township, Freeborn County, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Alden township increased by $21,213 (28.91%), 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 2011 to 2012, when the median household income increased by 11,540 (from $74,914 to $86,454). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 5,545 (from $99,110 to $93,565).
- It then further increased to $127,007 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3047, it is evident that income distribution in Alden township, Freeborn County, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $38,944.
Read more about Alden township, Freeborn County, Minnesota median household income ➔