Age of householder
Per the latest American Community Survey by the Census Bureau, Freeland township sees its highest median household income among householders in the age group of 45 to 64 years old, at $86,361. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Freeland township, where there exist only two delineated age groups, the median household income is $86,361 for householders within the 45 to 64 years age group, compared to $60,801 for the 25 to 44 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $28,052(24.52%), declining from a median of $114,413 in 2011 to $86,361 in 2021.
- 2(3.57%) households where the householder is under 25 years old.
- 10(17.86%) households with a householder aged between 25 and 44 years.
- 35(62.50%) households with a householder aged between 45 and 64 years.
- 9(16.07%) households where the householder is over 65 years old.
Read more about Freeland Township, Minnesota median household income by age ➔
Gender
In Freeland township, the population consists of 90 males (57.32%) and 67 females (42.68%). Here are the primary highlights from the gender-based income distribution analysis:
- In Freeland township, the median income for all workers aged 15 years and older, regardless of work hours, was $57,018 for males and $14,863 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $62,693 for males and $15,231 for females.
- In Freeland township, the median income for all workers aged 15 years and older, regardless of work hours, was $57,018 for males and $14,863 for females.
- In Freeland township, among full-time, year-round workers aged 15 years and older, males earned a median income of $62,693, while females earned $15,231, leading to a 76% gender pay gap among full-time workers. This illustrates that women earn 24 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.
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Race
In Freeland township, the population is predominantly White, constituting 96.82% 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 $85,701.
- In Freeland township, White is both the largest group and the one with the highest median household income, which stands at $85,701.
- In Freeland township, the median household income for the households where the householder is White increased by $25,226(41.71%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $60,475 in 2011 and $85,701 in 2021.
- As per the U.S. Census Bureau population data, in Freeland 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 Freeland Township, Minnesota median household income by race ➔
Year by year
Freeland Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Freeland township increased by $14,020 (19.56%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 3 years and declined for 8 years.
- The most significant year-by-year growth occured from 2017 to 2018, when the median household income increased by 29,870 (from $55,764 to $85,634). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 10,660 (from $71,681 to $61,021).
- It then further increased to $87,087 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3393, it is evident that income distribution in Freeland Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $31,380.
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