Age of householder
Per the latest American Community Survey by the Census Bureau, Arveson township sees its highest median household income among householders in the age group of 65 years and over old, at $117,549. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Arveson township, where there exist only two delineated age groups, the median household income is $117,549 for householders within the 65 years and over age group, compared to $74,313 for the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $22,938(23.59%), declining from a median of $97,251 in 2011 to $74,313 in 2021.
- 0 households where the householder is under 25 years old.
- 3(13.04%) households with a householder aged between 25 and 44 years.
- 15(65.22%) households with a householder aged between 45 and 64 years.
- 5(21.74%) households where the householder is over 65 years old.
Read more about Arveson Township, Minnesota median household income by age ➔
Gender
In Arveson township, the population consists of 28 males (51.85%) and 26 females (48.15%). Here are the primary highlights from the gender-based income distribution analysis:
- In Arveson township, the median income for all workers aged 15 years and older, regardless of work hours, was $60,801 for males and $39,183 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $66,206 for males and $47,290 for females.
- In Arveson township, the median income for all workers aged 15 years and older, regardless of work hours, was $60,801 for males and $39,183 for females.
- In Arveson township, among full-time, year-round workers aged 15 years and older, males earned a median income of $66,206, while females earned $47,290, 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 Arveson Township, Minnesota income by gender ➔
Race
In Arveson township, the population is predominantly White, constituting 100% 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 $74,313.
- In Arveson township, White is both the largest group and the one with the highest median household income, which stands at $74,313.
- In Arveson township, the median household income for the households where the householder is White decreased by $18,852(20.24%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $93,165 in 2011 and $74,313 in 2021.
- As per the U.S. Census Bureau population data, in Arveson 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 Arveson Township, Minnesota median household income by race ➔
Year by year
Arveson Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Arveson township decreased by $8,330 (10.08%), 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 2017 to 2018, when the median household income increased by 20,931 (from $82,336 to $103,267). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 25,403 (from $103,267 to $77,864).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.1911, it is evident that income distribution in Arveson Township, Minnesota exihibits characterstics of high equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $68,602.
Read more about Arveson Township, Minnesota median household income ➔