Age of householder
Per the latest American Community Survey by the Census Bureau, Fraser township sees its highest median household income among householders in the age group of 45 to 64 years old, at $69,783. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Fraser township, the median household income stands at $69,783 for householders within the 45 to 64 years age group, followed by $66,921 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 $41,227.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $5,659(12.07%), declining from a median of $46,886 in 2011 to $41,227 in 2021.
- 42(2.91%) households where the householder is under 25 years old.
- 490(33.93%) households with a householder aged between 25 and 44 years.
- 514(35.60%) households with a householder aged between 45 and 64 years.
- 398(27.56%) households where the householder is over 65 years old.
Read more about Fraser Township, Michigan median household income by age ➔
Gender
In Fraser township, the population consists of 1,523 males (50.73%) and 1,479 females (49.27%). Here are the primary highlights from the gender-based income distribution analysis:
- In Fraser township, the median income for all workers aged 15 years and older, regardless of work hours, was $47,408 for males and $33,416 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $62,569 for males and $39,929 for females.
- In Fraser township, the median income for all workers aged 15 years and older, regardless of work hours, was $47,408 for males and $33,416 for females.
- In Fraser township, among full-time, year-round workers aged 15 years and older, males earned a median income of $62,569, while females earned $39,929, leading to a 36% gender pay gap among full-time workers. This illustrates that women earn 64 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 Fraser Township, Michigan income by gender ➔
Race
In Fraser township, the population is predominantly White, constituting 98.77% 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 $64,793.
- In Fraser township, White is both the largest group and the one with the highest median household income, which stands at $64,793.
- In Fraser township, the median household income for the households where the householder is White decreased by $9,756(13.09%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $74,549 in 2011 and $64,793 in 2021.
- As per the U.S. Census Bureau population data, in Fraser 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 Fraser Township, Michigan median household income by race ➔
Year by year
Fraser Township, Michigan median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Fraser township decreased by $9,240 (12.55%), 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 2020 to 2021, when the median household income increased by 4,023 (from $60,340 to $64,363). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 8,043 (from $70,629 to $62,586).
- It then further decreased to 45,173 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3181, it is evident that income distribution in Fraser Township, Michigan exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $67,437. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $47,684.
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