Age of householder
Per the latest American Community Survey by the Census Bureau, Elbow Lake township sees its highest median household income among householders in the age group of 45 to 64 years old, at $95,706. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Elbow Lake township, where there exist only two delineated age groups, the median household income is $95,706 for householders within the 45 to 64 years age group, compared to $94,966 for the 65 years and over age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $12,348(14.81%), escalating from a median of $83,358 in 2011 to $95,706 in 2021.
- 0 households where the householder is under 25 years old.
- 4(5.63%) households with a householder aged between 25 and 44 years.
- 39(54.93%) households with a householder aged between 45 and 64 years.
- 28(39.44%) households where the householder is over 65 years old.
Read more about Elbow Lake Township, Minnesota median household income by age ➔
Gender
In Elbow Lake township, the population consists of 86 males (46.24%) and 100 females (53.76%). Here are the primary highlights from the gender-based income distribution analysis:
- In Elbow Lake township, the median income for all workers aged 15 years and older, regardless of work hours, was $58,099 for males and $18,646 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $77,803 for males and $63,954 for females.
- In Elbow Lake township, the median income for all workers aged 15 years and older, regardless of work hours, was $58,099 for males and $18,646 for females.
- In Elbow Lake township, among full-time, year-round workers aged 15 years and older, males earned a median income of $77,803, while females earned $63,954, leading to a 18% gender pay gap among full-time workers. This illustrates that women earn 82 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
Read more about Elbow Lake Township, Minnesota income by gender ➔
Race
In Elbow Lake 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 $94,891.
- In Elbow Lake township, White is both the largest group and the one with the highest median household income, which stands at $94,891.
- In Elbow Lake township, the median household income for the households where the householder is White increased by $23,246(32.45%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $71,645 in 2011 and $94,891 in 2021.
- As per the U.S. Census Bureau population data, in Elbow Lake 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 Elbow Lake Township, Minnesota median household income by race ➔
Year by year
Elbow Lake Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Elbow Lake township increased by $21,524 (29.34%), 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 2011 to 2012, when the median household income increased by 21,213 (from $71,645 to $92,858). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 8,087 (from $92,858 to $84,771).
- It then further decreased to 95,255 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3721, it is evident that income distribution in Elbow Lake Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $35,805.
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