Age of householder
Per the latest American Community Survey by the Census Bureau, Cedarbend township sees its highest median household income among householders in the age group of 25 to 44 years old, at $118,225. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Cedarbend township, where there exist only two delineated age groups, the median household income is $118,225 for householders within the 25 to 44 years age group, compared to $38,507 for the 65 years and over age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $71,643(153.80%), escalating from a median of $46,582 in 2011 to $118,225 in 2021.
- 1(1.79%) households where the householder is under 25 years old.
- 16(28.57%) households with a householder aged between 25 and 44 years.
- 24(42.86%) households with a householder aged between 45 and 64 years.
- 15(26.79%) households where the householder is over 65 years old.
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Gender
In Cedarbend township, the population consists of 74 males (46.25%) and 86 females (53.75%). Here are the primary highlights from the gender-based income distribution analysis:
- In Cedarbend township, the Census Bureau did not report the median income for all workers aged 15 years and older, regardless of work hours, for both males and females due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $43,147 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Cedarbend township, the Census Bureau did not report the median income for all workers aged 15 years and older, regardless of work hours, for both males and females due to an insufficient number of sample observations.
- In Cedarbend township, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $43,147 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Cedarbend township, the population is predominantly White, constituting 84.38% 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 $114,847.
- In Cedarbend township, White is both the largest group and the one with the highest median household income, which stands at $114,847.
- In Cedarbend township, the median household income for the households where the householder is White increased by $66,140(135.79%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $48,707 in 2011 and $114,847 in 2021.
- As per the U.S. Census Bureau population data, in Cedarbend 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
Cedarbend Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Cedarbend township increased by $54,171 (94.17%), 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 2020 to 2021, when the median household income increased by 26,000 (from $85,694 to $111,694). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 14,848 (from $86,453 to $71,605).
- It then further increased to $99,984 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4582, it is evident that income distribution in Cedarbend Township, Minnesota exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $80,618.
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