Age of householder
Per the latest American Community Survey by the Census Bureau, Baker township sees its highest median household income among householders in the age group of 45 to 64 years old, at $111,469. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Baker township, where there exist only two delineated age groups, the median household income is $111,469 for householders within the 45 to 64 years age group, compared to $93,904 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 $45,687(94.75%), escalating from a median of $48,217 in 2011 to $93,904 in 2021.
- 0 households where the householder is under 25 years old.
- 8(19.05%) households with a householder aged between 25 and 44 years.
- 21(50%) households with a householder aged between 45 and 64 years.
- 13(30.95%) households where the householder is over 65 years old.
Read more about Baker Township, Minnesota median household income by age ➔
Gender
In Baker township, the population consists of 63 males (55.75%) and 50 females (44.25%). Here are the primary highlights from the gender-based income distribution analysis:
- In Baker township, the median income for all workers aged 15 years and older, regardless of work hours, was $58,775 for males and $29,050 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $81,293 for males and $63,504 for females.
- In Baker township, the median income for all workers aged 15 years and older, regardless of work hours, was $58,775 for males and $29,050 for females.
- In Baker township, among full-time, year-round workers aged 15 years and older, males earned a median income of $81,293, while females earned $63,504, leading to a 22% gender pay gap among full-time workers. This illustrates that women earn 78 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.
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Race
In Baker township, the population is predominantly White, constituting 92.92% 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 $112,145.
- In Baker township, White is both the largest group and the one with the highest median household income, which stands at $112,145.
- In Baker township, the median household income for the households where the householder is White increased by $28,787(34.53%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $83,358 in 2011 and $112,145 in 2021.
- As per the U.S. Census Bureau population data, in Baker 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 Baker Township, Minnesota median household income by race ➔
Year by year
Baker Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Baker township increased by $25,075 (28.80%), 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 2016 to 2017, when the median household income increased by 19,702 (from $96,317 to $116,019). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 25,663 (from $81,651 to $55,988).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.2638, it is evident that income distribution in Baker Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $36,401.
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