Age of householder
Per the latest American Community Survey by the Census Bureau, Grant township sees its highest median household income among householders in the age group of 45 to 64 years old, at $91,878. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Grant township, where there exist only two delineated age groups, the median household income is $91,878 for householders within the 45 to 64 years age group, compared to $45,939 for the 65 years and over age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $52,105(131.01%), escalating from a median of $39,773 in 2011 to $91,878 in 2021.
- 0 households where the householder is under 25 years old.
- 6(4.41%) households with a householder aged between 25 and 44 years.
- 62(45.59%) households with a householder aged between 45 and 64 years.
- 68(50%) households where the householder is over 65 years old.
Read more about Grant township, Keweenaw County, Michigan median household income by age ➔
Gender
In Grant township, the population consists of 126 males (46.84%) and 143 females (53.16%). Here are the primary highlights from the gender-based income distribution analysis:
- In Grant township, the median income for all workers aged 15 years and older, regardless of work hours, was $45,939 for males and $36,211 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $47,290 for males and $64,118 for females.
- In Grant township, the median income for all workers aged 15 years and older, regardless of work hours, was $45,939 for males and $36,211 for females.
- In Grant township, among full-time, year-round workers aged 15 years and older, males earned a median income of $47,290, while females earned $64,118
Read more about Grant township, Keweenaw County, Michigan income by gender ➔
Race
In Grant township, the population is predominantly White, constituting 99.63% 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 $65,869.
- In Grant township, White is both the largest group and the one with the highest median household income, which stands at $65,869.
- In Grant township, the median household income for the households where the householder is White increased by $13,566(25.94%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $52,303 in 2011 and $65,869 in 2021.
- As per the U.S. Census Bureau population data, in Grant 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 Grant township, Keweenaw County, Michigan median household income by race ➔
Year by year
Grant township, Keweenaw County, Michigan median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Grant township increased by $7,738 (13.23%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 10,863 (from $53,509 to $64,372). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 6,165 (from $58,468 to $52,303).
- It then further increased to $87,149 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4715, it is evident that income distribution in Grant township, Keweenaw County, Michigan exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $94,580. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $49,092.
Read more about Grant township, Keweenaw County, Michigan median household income ➔