Age of householder
Per the latest American Community Survey by the Census Bureau, Cornish township sees its highest median household income among householders in the age group of 65 years and over old, at $42,561. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Cornish township only reports a median household income of $42,561 among householders in the 65 years and over age group.
- 4(19.05%) households where the householder is under 25 years old.
- 2(9.52%) households with a householder aged between 25 and 44 years.
- 6(28.57%) households with a householder aged between 45 and 64 years.
- 9(42.86%) households where the householder is over 65 years old.
Read more about Cornish township, Aitkin County, Minnesota median household income by age ➔
Gender
In Cornish township, the population consists of 26 males (54.17%) and 22 females (45.83%). Here are the primary highlights from the gender-based income distribution analysis:
- In Cornish township, while the Census reported a median income of $16,214 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $112,145 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Cornish township, while the Census reported a median income of $16,214 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- In Cornish township, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $112,145 for males, while data for females was unavailable due to an insufficient number of sample observations.
Read more about Cornish township, Aitkin County, Minnesota income by gender ➔
Race
In Cornish 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 $80,393.
- In Cornish township, White is both the largest group and the one with the highest median household income, which stands at $80,393.
- In Cornish township, the median household income for the households where the householder is White decreased by $45,870(36.33%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $126,263 in 2011 and $80,393 in 2021.
- As per the U.S. Census Bureau population data, in Cornish 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 Cornish township, Aitkin County, Minnesota median household income by race ➔
Year by year
Cornish township, Aitkin County, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Cornish township decreased by $25,020 (23.74%), 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 2020 to 2021, when the median household income increased by 43,566 (from $36,827 to $80,393). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 70,228 (from $126,263 to $56,035).
- It then further increased to $95,931 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3459, it is evident that income distribution in Cornish township, Aitkin County, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $78,771.
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