Age of householder
Per the latest American Community Survey by the Census Bureau, Hendricks township sees its highest median household income among householders in the age group of 45 to 64 years old, at $115,861. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Hendricks township only reports a median household income of $115,861 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 $26,373(29.47%), escalating from a median of $89,488 in 2011 to $115,861 in 2021.
- 0 households where the householder is under 25 years old.
- 17(24.29%) households with a householder aged between 25 and 44 years.
- 25(35.71%) households with a householder aged between 45 and 64 years.
- 28(40%) households where the householder is over 65 years old.
Read more about Hendricks Township, Minnesota median household income by age ➔
Gender
In Hendricks township, the population consists of 110 males (55.84%) and 87 females (44.16%). Here are the primary highlights from the gender-based income distribution analysis:
- In Hendricks township, the median income for all workers aged 15 years and older, regardless of work hours, was $34,454 for males and $24,900 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census Bureau did not report the median income for both males and females due to an insufficient number of sample observations.
- In Hendricks township, the median income for all workers aged 15 years and older, regardless of work hours, was $34,454 for males and $24,900 for females.
- In Hendricks township, for full-time, year-round workers aged 15 years and older, the Census Bureau did not report the median income for both males and females due to an insufficient number of sample observations.
Read more about Hendricks Township, Minnesota income by gender ➔
Race
In Hendricks township, the population is predominantly White, constituting 94.92% 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 $71,610.
- In Hendricks township, White is both the largest group and the one with the highest median household income, which stands at $71,610.
- In Hendricks township, the median household income for the households where the householder is White decreased by $14,472(16.81%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $86,082 in 2011 and $71,610 in 2021.
- As per the U.S. Census Bureau population data, in Hendricks 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 Hendricks Township, Minnesota median household income by race ➔
Year by year
Hendricks Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Hendricks township decreased by $14,600 (16.97%), 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 4,788 (from $64,823 to $69,611). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 7,131 (from $81,651 to $74,520).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.4253, it is evident that income distribution in Hendricks Township, Minnesota exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
Read more about Hendricks Township, Minnesota median household income ➔