Age of householder
Per the latest American Community Survey by the Census Bureau, Holly township sees its highest median household income among householders in the age group of 45 to 64 years old, at $98,182. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Holly township, the median household income stands at $98,182 for householders within the 45 to 64 years age group, followed by $76,339 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $61,342.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $52,639(222.11%), escalating from a median of $23,700 in 2011 to $76,339 in 2021.
- 2(5.88%) households where the householder is under 25 years old.
- 9(26.47%) households with a householder aged between 25 and 44 years.
- 12(35.29%) households with a householder aged between 45 and 64 years.
- 11(32.35%) households where the householder is over 65 years old.
Read more about Holly Township, Minnesota median household income by age ➔
Gender
In Holly township, the population consists of 41 males (58.57%) and 29 females (41.43%). Here are the primary highlights from the gender-based income distribution analysis:
- In Holly township, the median income for all workers aged 15 years and older, regardless of work hours, was $59,991 for males and $36,819 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $47,290 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Holly township, the median income for all workers aged 15 years and older, regardless of work hours, was $59,991 for males and $36,819 for females.
- In Holly township, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $47,290 for males, while data for females was unavailable due to an insufficient number of sample observations.
Read more about Holly Township, Minnesota income by gender ➔
Race
In Holly township, the population is predominantly White, constituting 97.14% 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 $76,339.
- In Holly township, White is both the largest group and the one with the highest median household income, which stands at $76,339.
- In Holly township, the median household income for the households where the householder is White increased by $35,477(86.82%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $40,862 in 2011 and $76,339 in 2021.
- As per the U.S. Census Bureau population data, in Holly 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 Holly Township, Minnesota median household income by race ➔
Year by year
Holly Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Holly township increased by $35,184 (89.92%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2012 to 2013, when the median household income increased by 14,366 (from $41,359 to $55,725). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 8,891 (from $39,129 to $30,238).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.3629, it is evident that income distribution in Holly Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $40,567.
Read more about Holly Township, Minnesota median household income ➔