Age of householder
Per the latest American Community Survey by the Census Bureau, Heron Lake 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, Heron Lake 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 a remarkable increase of $5,157(6.34%), escalating from a median of $81,316 in 2011 to $86,473 in 2021.
- 5(4.39%) households where the householder is under 25 years old.
- 23(20.18%) households with a householder aged between 25 and 44 years.
- 60(52.63%) households with a householder aged between 45 and 64 years.
- 26(22.81%) households where the householder is over 65 years old.
Read more about Heron Lake Township, Minnesota median household income by age ➔
Gender
In Heron Lake township, the population consists of 176 males (58.09%) and 127 females (41.91%). Here are the primary highlights from the gender-based income distribution analysis:
- In Heron Lake township, the median income for all workers aged 15 years and older, regardless of work hours, was $41,210 for males and $30,739 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $52,694 for males and $56,072 for females.
- In Heron Lake township, the median income for all workers aged 15 years and older, regardless of work hours, was $41,210 for males and $30,739 for females.
- In Heron Lake township, among full-time, year-round workers aged 15 years and older, males earned a median income of $52,694, while females earned $56,072
Read more about Heron Lake Township, Minnesota income by gender ➔
Race
In Heron Lake township, the population is predominantly White, constituting 98.68% 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 $75,664.
- In Heron Lake township, White is both the largest group and the one with the highest median household income, which stands at $75,664.
- In Heron Lake township, the median household income for the households where the householder is White increased by $14,371(23.45%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $61,293 in 2011 and $75,664 in 2021.
- As per the U.S. Census Bureau population data, in Heron Lake 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 Heron Lake Township, Minnesota median household income by race ➔
Year by year
Heron Lake Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Heron Lake township increased by $12,077 (19.41%), 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 2012 to 2013, when the median household income increased by 8,229 (from $66,842 to $75,071). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 11,381 (from $85,694 to $74,313).
- It then further increased to $113,496 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3753, it is evident that income distribution in Heron Lake 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 $28,224.
Read more about Heron Lake Township, Minnesota median household income ➔