Age of householder
Per the latest American Community Survey by the Census Bureau, Fish Lake township sees its highest median household income among householders in the age group of 45 to 64 years old, at $129,709. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Fish Lake township, where there exist only two delineated age groups, the median household income is $129,709 for householders within the 45 to 64 years age group, compared to $124,550 for the 25 to 44 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $27,819(28.76%), escalating from a median of $96,731 in 2011 to $124,550 in 2021.
- 8(0.93%) households where the householder is under 25 years old.
- 234(27.08%) households with a householder aged between 25 and 44 years.
- 406(46.99%) households with a householder aged between 45 and 64 years.
- 216(25%) households where the householder is over 65 years old.
Read more about Fish Lake Township, Minnesota median household income by age ➔
Gender
In Fish Lake township, the population consists of 1,268 males (51.97%) and 1,172 females (48.03%). Here are the primary highlights from the gender-based income distribution analysis:
- In Fish Lake township, the median income for all workers aged 15 years and older, regardless of work hours, was $63,258 for males and $36,886 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $86,718 for males and $57,829 for females.
- In Fish Lake township, the median income for all workers aged 15 years and older, regardless of work hours, was $63,258 for males and $36,886 for females.
- In Fish Lake township, among full-time, year-round workers aged 15 years and older, males earned a median income of $86,718, while females earned $57,829, leading to a 33% gender pay gap among full-time workers. This illustrates that women earn 67 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
Read more about Fish Lake Township, Minnesota income by gender ➔
Race
In Fish Lake township, the population is predominantly White, constituting 94.88% 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 $120,251.
- In Fish Lake township, White is both the largest group and the one with the highest median household income, which stands at $120,251.
- In Fish Lake township, the median household income for the households where the householder is White increased by $31,946(36.18%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $88,305 in 2011 and $120,251 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 Fish Lake Township, Minnesota median household income by race ➔
Year by year
Fish 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 Fish Lake township increased by $24,578 (26.75%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 11,954 (from $105,205 to $117,159). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 3,499 (from $91,890 to $88,391).
- It then further increased to $135,565 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3455, it is evident that income distribution in Fish Lake Township, Minnesota exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $129,955. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $56,161.
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