Age of householder
Per the latest American Community Survey by the Census Bureau, Bloom township sees its highest median household income among householders in the age group of 65 years and over old, at $64,855. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Bloom township, where there exist only two delineated age groups, the median household income is $64,855 for householders within the 65 years and over age group, compared to $57,423 for the 45 to 64 years age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $43,198(199.46%), escalating from a median of $21,657 in 2011 to $64,855 in 2021.
- 0 households where the householder is under 25 years old.
- 2(5.71%) households with a householder aged between 25 and 44 years.
- 21(60%) households with a householder aged between 45 and 64 years.
- 12(34.29%) households where the householder is over 65 years old.
Read more about Bloom Township, Minnesota median household income by age ➔
Gender
In Bloom township, the population consists of 52 males (57.78%) and 38 females (42.22%). Here are the primary highlights from the gender-based income distribution analysis:
- In Bloom township, the median income for all workers aged 15 years and older, regardless of work hours, was $38,507 for males and $27,698 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $47,965 for males and $57,648 for females.
- In Bloom township, the median income for all workers aged 15 years and older, regardless of work hours, was $38,507 for males and $27,698 for females.
- In Bloom township, among full-time, year-round workers aged 15 years and older, males earned a median income of $47,965, while females earned $57,648
Read more about Bloom Township, Minnesota income by gender ➔
Race
In Bloom 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 $60,801.
- In Bloom township, White is both the largest group and the one with the highest median household income, which stands at $60,801.
- In Bloom township, the median household income for the households where the householder is White decreased by $2,290(3.63%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $63,091 in 2011 and $60,801 in 2021.
- As per the U.S. Census Bureau population data, in Bloom 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 Bloom Township, Minnesota median household income by race ➔
Year by year
Bloom Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Bloom township decreased by $18,048 (22.89%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 16,936 (from $72,511 to $89,447). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 24,279 (from $96,163 to $71,884).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.4476, it is evident that income distribution in Bloom Township, Minnesota exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $43,622.
Read more about Bloom Township, Minnesota median household income ➔