Age of householder
Per the latest American Community Survey by the Census Bureau, Equality township sees its highest median household income among householders in the age group of 25 to 44 years old, at $122,053. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Equality township, where there exist only two delineated age groups, the median household income is $122,053 for householders within the 25 to 44 years age group, compared to $86,811 for the 45 to 64 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $52,147(74.60%), escalating from a median of $69,906 in 2011 to $122,053 in 2021.
- 0 households where the householder is under 25 years old.
- 14(25%) households with a householder aged between 25 and 44 years.
- 25(44.64%) households with a householder aged between 45 and 64 years.
- 17(30.36%) households where the householder is over 65 years old.
Read more about Equality Township, Minnesota median household income by age ➔
Gender
In Equality township, the population consists of 68 males (44.74%) and 84 females (55.26%). Here are the primary highlights from the gender-based income distribution analysis:
- In Equality township, while the Census reported a median income of $54,721 for all male workers aged 15 years and older, data for females 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, the median income was $62,423 for males and $57,086 for females.
- In Equality township, while the Census reported a median income of $54,721 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Equality township, among full-time, year-round workers aged 15 years and older, males earned a median income of $62,423, while females earned $57,086, resulting in a 9% gender pay gap among full-time workers. This illustrates that women earn 91 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the township of Equality township.
Read more about Equality Township, Minnesota income by gender ➔
Race
In Equality township, the population is predominantly White, constituting 98.68% 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 $88,500.
- In Equality township, White is both the largest group and the one with the highest median household income, which stands at $88,500.
- In Equality township, the median household income for the households where the householder is White increased by $19,634(28.51%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $68,866 in 2011 and $88,500 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
Read more about Equality Township, Minnesota median household income by race ➔
Year by year
Equality Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Equality township increased by $24,409 (38.08%), 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 32,449 (from $41,884 to $74,333). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 21,782 (from $70,673 to $48,891).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.3635, it is evident that income distribution in Equality Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $39,318.
Read more about Equality Township, Minnesota median household income ➔