Age of householder
Per the latest American Community Survey by the Census Bureau, Hamlin township sees its highest median household income among householders in the age group of 45 to 64 years old, at $86,473. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Hamlin township only reports a median household income of $86,473 among householders in the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $3,913(4.33%), declining from a median of $90,386 in 2011 to $86,473 in 2021.
- 0 households where the householder is under 25 years old.
- 9(15%) households with a householder aged between 25 and 44 years.
- 34(56.67%) households with a householder aged between 45 and 64 years.
- 17(28.33%) households where the householder is over 65 years old.
Read more about Hamlin Township, Minnesota median household income by age ➔
Gender
In Hamlin township, the population consists of 69 males (49.29%) and 71 females (50.71%). Here are the primary highlights from the gender-based income distribution analysis:
- In Hamlin township, the median income for all workers aged 15 years and older, regardless of work hours, was $45,263 for males and $22,294 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $49,992 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Hamlin township, the median income for all workers aged 15 years and older, regardless of work hours, was $45,263 for males and $22,294 for females.
- In Hamlin township, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $49,992 for males, while data for females was unavailable due to an insufficient number of sample observations.
Read more about Hamlin Township, Minnesota income by gender ➔
Year by year
Hamlin Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Hamlin township decreased by $28,083 (31.60%), 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 13,283 (from $81,029 to $94,312). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 24,404 (from $96,642 to $72,238).
- It then further increased to $90,526 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.394, it is evident that income distribution in Hamlin Township, Minnesota exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $97,282. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $43,687.
Read more about Hamlin Township, Minnesota median household income ➔