Overview
$63,504
Median household income
0.3258
Gini coefficient
** (N/A)
Highest median income age group
$NA
Income of top 5%
All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates
TABLE OF CONTENTS
Race
In Boxville 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 $63,504.
- In Boxville township, White is both the largest group and the one with the highest median household income, which stands at $63,504.
- In Boxville township, the median household income for the households where the householder is White increased by $5,752(9.96%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $57,752 in 2011 and $63,504 in 2021.
- As per the U.S. Census Bureau population data, in Boxville 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 Boxville Township, Minnesota median household income by race ➔
Year by year
Boxville Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Boxville township increased by $8,127 (14.68%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 10,735 (from $59,625 to $70,360). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 16,703 (from $62,439 to $45,736).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.3258, it is evident that income distribution in Boxville Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
Read more about Boxville Township, Minnesota median household income ➔
References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)