Age of householder
Per the latest American Community Survey by the Census Bureau, Claremont township sees its highest median household income among householders in the age group of 25 to 44 years old, at $133,763. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Claremont township, the median household income stands at $133,763 for householders within the 25 to 44 years age group, followed by $112,145 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $77,015.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $50,078(59.84%), escalating from a median of $83,685 in 2011 to $133,763 in 2021.
- 2(1.45%) households where the householder is under 25 years old.
- 34(24.64%) households with a householder aged between 25 and 44 years.
- 59(42.75%) households with a householder aged between 45 and 64 years.
- 43(31.16%) households where the householder is over 65 years old.
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Gender
In Claremont township, the population consists of 184 males (50.27%) and 182 females (49.73%). Here are the primary highlights from the gender-based income distribution analysis:
- In Claremont township, the median income for all workers aged 15 years and older, regardless of work hours, was $45,602 for males and $44,137 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,147 for males and $57,199 for females.
- In Claremont township, the median income for all workers aged 15 years and older, regardless of work hours, was $45,602 for males and $44,137 for females.
- In Claremont township, among full-time, year-round workers aged 15 years and older, males earned a median income of $56,147, while females earned $57,199
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Race
In Claremont township, the population is predominantly White, constituting 96.72% 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 $98,633.
- In Claremont township, White is both the largest group and the one with the highest median household income, which stands at $98,633.
- In Claremont township, the median household income for the households where the householder is White increased by $238(0.24%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $98,395 in 2011 and $98,633 in 2021.
- As per the U.S. Census Bureau population data, in Claremont 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
Claremont Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Claremont township decreased by $12,342 (10.92%), 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 12,557 (from $87,144 to $99,701). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 13,626 (from $113,002 to $99,376).
- It then further increased to $185,782 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3214, it is evident that income distribution in Claremont Township, Minnesota exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $103,768. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $58,550.
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