Age of householder
Per the latest American Community Survey by the Census Bureau, Holt township sees its highest median household income among householders in the age group of 25 to 44 years old, at $109,105. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Holt township, where there exist only two delineated age groups, the median household income is $109,105 for householders within the 25 to 44 years age group, compared to $29,725 for the 65 years and over age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $56,148(106.03%), escalating from a median of $52,957 in 2011 to $109,105 in 2021.
- 0 households where the householder is under 25 years old.
- 13(22.81%) households with a householder aged between 25 and 44 years.
- 26(45.61%) households with a householder aged between 45 and 64 years.
- 18(31.58%) households where the householder is over 65 years old.
Read more about Holt township, Marshall County, Minnesota median household income by age ➔
Gender
In Holt township, the population consists of 71 males (51.82%) and 66 females (48.18%). Here are the primary highlights from the gender-based income distribution analysis:
- In Holt township, while the Census reported a median income of $51,850 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, the median income was $58,099 for males and $52,019 for females.
- In Holt township, while the Census reported a median income of $51,850 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 Holt township, among full-time, year-round workers aged 15 years and older, males earned a median income of $58,099, while females earned $52,019, resulting in a 10% gender pay gap among full-time workers. This illustrates that women earn 90 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the township of Holt township.
Read more about Holt township, Marshall County, Minnesota income by gender ➔
Race
In Holt township, the population is predominantly White, constituting 97.08% 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 $60,126.
- In Holt township, White is both the largest group and the one with the highest median household income, which stands at $60,126.
- In Holt township, the median household income for the households where the householder is White decreased by $349(0.58%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $60,475 in 2011 and $60,126 in 2021.
- As per the U.S. Census Bureau population data, in Holt 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 Holt township, Marshall County, Minnesota median household income by race ➔
Year by year
Holt township, Marshall County, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Holt township increased by $6,461 (12.04%), 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 2015 to 2016, when the median household income increased by 9,892 (from $63,492 to $73,384). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 16,928 (from $77,054 to $60,126).
- It then further increased to $165,739 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4784, it is evident that income distribution in Holt township, Marshall County, Minnesota exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $32,203.
Read more about Holt township, Marshall County, Minnesota median household income ➔