Age of householder
Per the latest American Community Survey by the Census Bureau, Foldahl township sees its highest median household income among householders in the age group of 45 to 64 years old, at $194,564. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Foldahl township, the median household income stands at $194,564 for householders within the 45 to 64 years age group, followed by $104,038 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $81,744.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $135,723(230.66%), escalating from a median of $58,841 in 2011 to $194,564 in 2021.
- 6(16.22%) households where the householder is under 25 years old.
- 7(18.92%) households with a householder aged between 25 and 44 years.
- 8(21.62%) households with a householder aged between 45 and 64 years.
- 16(43.24%) households where the householder is over 65 years old.
Read more about Foldahl Township, Minnesota median household income by age ➔
Gender
In Foldahl township, the population consists of 66 males (67.35%) and 32 females (32.65%). Here are the primary highlights from the gender-based income distribution analysis:
- In Foldahl township, the median income for all workers aged 15 years and older, regardless of work hours, was $48,218 for males and $67,895 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $47,543 for males and $70,259 for females.
- In Foldahl township, the median income for all workers aged 15 years and older, regardless of work hours, was $48,218 for males and $67,895 for females.
- In Foldahl township, among full-time, year-round workers aged 15 years and older, males earned a median income of $47,543, while females earned $70,259
Read more about Foldahl Township, Minnesota income by gender ➔
Race
In Foldahl 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 $111,638.
- In Foldahl township, White is both the largest group and the one with the highest median household income, which stands at $111,638.
- In Foldahl township, the median household income for the households where the householder is White increased by $54,704(96.08%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $56,934 in 2011 and $111,638 in 2021.
- As per the U.S. Census Bureau population data, in Foldahl 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 Foldahl Township, Minnesota median household income by race ➔
Year by year
Foldahl Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Foldahl township increased by $52,607 (89.12%), 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 2019 to 2020, when the median household income increased by 34,103 (from $87,552 to $121,655). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 10,017 (from $121,655 to $111,638).
- It then further increased to $117,098 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.2577, it is evident that income distribution in Foldahl Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $40,677.
Read more about Foldahl Township, Minnesota median household income ➔