Age of householder
Per the latest American Community Survey by the Census Bureau, Grand Plain township sees its highest median household income among householders in the age group of 45 to 64 years old, at $106,289. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Grand Plain township, where there exist only two delineated age groups, the median household income is $106,289 for householders within the 45 to 64 years age group, compared to $99,309 for the 25 to 44 years age group.
- 0 households where the householder is under 25 years old.
- 5(35.71%) households with a householder aged between 25 and 44 years.
- 8(57.14%) households with a householder aged between 45 and 64 years.
- 1(7.14%) households where the householder is over 65 years old.
Read more about Grand Plain Township, Minnesota median household income by age ➔
Gender
In Grand Plain township, the population consists of 20 males (54.05%) and 17 females (45.95%). Here are the primary highlights from the gender-based income distribution analysis:
- In Grand Plain township, the median income for all workers aged 15 years and older, regardless of work hours, was $63,504 for males and $25,672 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $84,221 for males and $43,236 for females.
- In Grand Plain township, the median income for all workers aged 15 years and older, regardless of work hours, was $63,504 for males and $25,672 for females.
- In Grand Plain township, among full-time, year-round workers aged 15 years and older, males earned a median income of $84,221, while females earned $43,236, leading to a 49% gender pay gap among full-time workers. This illustrates that women earn 51 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 Grand Plain Township, Minnesota income by gender ➔
Race
In Grand Plain township, the population is predominantly White, constituting 97.30% 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 $105,840.
- In Grand Plain township, White is both the largest group and the one with the highest median household income, which stands at $105,840.
- In Grand Plain township, the median household income for the households where the householder is White increased by $93,091(730.18%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $12,749 in 2011 and $105,840 in 2021.
- As per the U.S. Census Bureau population data, in Grand Plain 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 Grand Plain Township, Minnesota median household income by race ➔
Year by year
Grand Plain Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Grand Plain township increased by $87,680 (495.12%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2013 to 2014, when the median household income increased by 60,409 (from $21,291 to $81,700). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 7,527 (from $28,818 to $21,291).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.2194, it is evident that income distribution in Grand Plain Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $30,953.
Read more about Grand Plain Township, Minnesota median household income ➔