Age of householder
Per the latest American Community Survey by the Census Bureau, Crosby township sees its highest median household income among householders in the age group of 45 to 64 years old, at $133,763. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Crosby township, the median household income stands at $133,763 for householders within the 45 to 64 years age group, followed by $89,851 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $42,696.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $61,846(86%), escalating from a median of $71,917 in 2011 to $133,763 in 2021.
- 8(15.69%) households where the householder is under 25 years old.
- 5(9.80%) households with a householder aged between 25 and 44 years.
- 10(19.61%) households with a householder aged between 45 and 64 years.
- 28(54.90%) households where the householder is over 65 years old.
Read more about Crosby Township, Minnesota median household income by age ➔
Gender
In Crosby township, the population consists of 78 males (60.47%) and 51 females (39.53%). Here are the primary highlights from the gender-based income distribution analysis:
- In Crosby township, the median income for all workers aged 15 years and older, regardless of work hours, was $42,336 for males and $19,216 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $49,824 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Crosby township, the median income for all workers aged 15 years and older, regardless of work hours, was $42,336 for males and $19,216 for females.
- In Crosby township, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $49,824 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Crosby township, the population is predominantly White, constituting 95.35% 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 $53,370.
- In Crosby township, White is both the largest group and the one with the highest median household income, which stands at $53,370.
- In Crosby township, the median household income for the households where the householder is White increased by $2,156(4.21%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $51,214 in 2011 and $53,370 in 2021.
- As per the U.S. Census Bureau population data, in Crosby 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 Crosby Township, Minnesota median household income by race ➔
Year by year
Crosby Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Crosby township increased by $1,085 (2.08%), 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 2014 to 2015, when the median household income increased by 15,027 (from $41,884 to $56,911). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 17,033 (from $67,458 to $50,425).
- It then further increased to $56,748 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.2865, it is evident that income distribution in Crosby Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $41,181.
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