Age of householder
Per the latest American Community Survey by the Census Bureau, Goodridge township sees its highest median household income among householders in the age group of 45 to 64 years old, at $143,761. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Goodridge township only reports a median household income of $143,761 among householders in the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $67,387(88.23%), escalating from a median of $76,374 in 2011 to $143,761 in 2021.
- 0 households where the householder is under 25 years old.
- 4(16%) households with a householder aged between 25 and 44 years.
- 18(72%) households with a householder aged between 45 and 64 years.
- 3(12%) households where the householder is over 65 years old.
Read more about Goodridge Township, Minnesota median household income by age ➔
Gender
In Goodridge township, the population consists of 45 males (45.92%) and 53 females (54.08%). Here are the primary highlights from the gender-based income distribution analysis:
- In Goodridge township, the median income for all workers aged 15 years and older, regardless of work hours, was $44,137 for males and $29,725 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $30,926 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Goodridge township, the median income for all workers aged 15 years and older, regardless of work hours, was $44,137 for males and $29,725 for females.
- In Goodridge township, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $30,926 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Goodridge 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 $134,101.
- In Goodridge township, White is both the largest group and the one with the highest median household income, which stands at $134,101.
- In Goodridge township, the median household income for the households where the householder is White increased by $56,092(71.90%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $78,009 in 2011 and $134,101 in 2021.
- As per the U.S. Census Bureau population data, in Goodridge 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 Goodridge Township, Minnesota median household income by race ➔
Year by year
Goodridge Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Goodridge township increased by $53,987 (67.39%), 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 2017 to 2018, when the median household income increased by 45,424 (from $56,138 to $101,562). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 21,605 (from $75,899 to $54,294).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.2984, it is evident that income distribution in Goodridge Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $39,994.
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