Age of householder
Per the latest American Community Survey by the Census Bureau, Ashland township sees its highest median household income among householders in the age group of 45 to 64 years old, at $115,455. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Ashland township, where there exist only two delineated age groups, the median household income is $115,455 for householders within the 45 to 64 years age group, compared to $88,500 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 $43,552(96.89%), escalating from a median of $44,948 in 2011 to $88,500 in 2021.
- 0 households where the householder is under 25 years old.
- 32(25.81%) households with a householder aged between 25 and 44 years.
- 59(47.58%) households with a householder aged between 45 and 64 years.
- 33(26.61%) households where the householder is over 65 years old.
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Gender
In Ashland township, the population consists of 161 males (49.09%) and 167 females (50.91%). Here are the primary highlights from the gender-based income distribution analysis:
- In Ashland township, the median income for all workers aged 15 years and older, regardless of work hours, was $47,741 for males and $42,336 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $58,815 for males and $62,828 for females.
- In Ashland township, the median income for all workers aged 15 years and older, regardless of work hours, was $47,741 for males and $42,336 for females.
- In Ashland township, among full-time, year-round workers aged 15 years and older, males earned a median income of $58,815, while females earned $62,828
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Race
In Ashland township, the population is predominantly White, constituting 99.39% 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 $113,766.
- In Ashland township, White is both the largest group and the one with the highest median household income, which stands at $113,766.
- In Ashland township, the median household income for the households where the householder is White increased by $29,591(35.15%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $84,175 in 2011 and $113,766 in 2021.
- As per the U.S. Census Bureau population data, in Ashland 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
Ashland Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Ashland township increased by $44,328 (63.71%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2010 to 2011, when the median household income increased by 14,602 (from $69,573 to $84,175). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 717 (from $101,548 to $100,831).
- It then further increased to $144,347 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.2909, it is evident that income distribution in Ashland Township, Minnesota exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $113,969. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $69,584.
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