Higdem Township, Minnesota Income

The inflation-adjusted median household income in Higdem township was $50,764, based on U.S. Census Bureau ACS estimates.
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Updated Dec 15, 2023
Overview
$50,764
Median household income
0.2673
Gini coefficient
45 to 64 years ($66,206)
Highest median income age group
$NA
Income of top 5%

All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates

Age of householder

Per the latest American Community Survey by the Census Bureau, Higdem township sees its highest median household income among householders in the age group of 45 to 64 years old, at $66,206. Here are the key highlights for income distribution by age:

  • In terms of income distribution across age cohorts, in Higdem township, where there exist only two delineated age groups, the median household income is $66,206 for householders within the 45 to 64 years age group, compared to $50,293 for the 25 to 44 years age group.
  • Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $26,959(28.94%), declining from a median of $93,165 in 2011 to $66,206 in 2021.
  • 0 households where the householder is under 25 years old.
  • 11(50%) households with a householder aged between 25 and 44 years.
  • 8(36.36%) households with a householder aged between 45 and 64 years.
  • 3(13.64%) households where the householder is over 65 years old.
The bar chart shows Higdem Township, Minnesota median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
Higdem Township, Minnesota median household income by age of householder: It offers a clear illustration of the differences in median household incomes in Higdem township, based on the age of householders divided into four cohorts : Under 25 years, 25 - 44 years, 45 to 64 years and 65 years and over. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Higdem Township, Minnesota median household income by age ➔

Gender

In Higdem township, the population consists of 31 males (46.27%) and 36 females (53.73%). Here are the primary highlights from the gender-based income distribution analysis:

  • In Higdem township, while the Census reported a median income of $48,448 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
  • However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $48,448 for males, while data for females was unavailable due to an insufficient number of sample observations.
  • In Higdem township, while the Census reported a median income of $48,448 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
  • In Higdem township, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $48,448 for males, while data for females was unavailable due to an insufficient number of sample observations.
Line chart showing the annual median income trends in Higdem Township, Minnesota for males and females across four employment categories: (1) Males in full-time year-round positions, (2) Males in non-full-time roles (part-time and other employment types), (3) Females in full-time year-round positions, and (4) Females in non-full-time roles (part-time and other employment types).
Higdem Township, Minnesota gender based income disparity: Gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals, in 2022 inflation adjusted dollars. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Higdem Township, Minnesota income by gender ➔

Race

In Higdem township, the population is predominantly White, constituting 100% 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 $50,764.
  • In Higdem township, White is both the largest group and the one with the highest median household income, which stands at $50,764.
  • In Higdem township, the median household income for the households where the householder is White decreased by $51,390(50.31%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $102,154 in 2011 and $50,764 in 2021.
  • As per the U.S. Census Bureau population data, in Higdem 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.
The bar chart shows Higdem Township, Minnesota median household income across all racial categories identified by the U.S. Census Bureau.
Higdem Township, Minnesota median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Higdem Township, Minnesota median household income by race ➔

Year by year

Higdem Township, Minnesota median household income trends by year, family type and household size (2010-2021):

  • From 2010 to 2021, the median household income for Higdem township decreased by $41,999 (45.28%), 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 2012 to 2013, when the median household income increased by 10,969 (from $110,469 to $121,438). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 42,369 (from $125,436 to $83,067).
  • NA
  • With a Gini coefficient of 0.2673, it is evident that income distribution in Higdem Township, Minnesota exihibits characterstics of moderate equality .
  • NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $68,796.
The line chart shows Higdem Township, Minnesota median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.
Higdem Township, Minnesota median household income trends: 2010 to 2021. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Higdem Township, Minnesota median household income ➔

References

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Median household income of places that contain Higdem township (in 2022 dollars)
Insights for Higdem township, by topic

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