Age of householder
Per the latest American Community Survey by the Census Bureau, Houghton township sees its highest median household income among householders in the age group of 65 years and over old, at $58,099. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Houghton township only reports a median household income of $58,099 among householders in the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $19,961(52.34%), escalating from a median of $38,138 in 2011 to $58,099 in 2021.
- 0 households where the householder is under 25 years old.
- 6(16.67%) households with a householder aged between 25 and 44 years.
- 4(11.11%) households with a householder aged between 45 and 64 years.
- 26(72.22%) households where the householder is over 65 years old.
Read more about Houghton Township, Michigan median household income by age ➔
Gender
In Houghton township, the population consists of 49 males (59.76%) and 33 females (40.24%). Here are the primary highlights from the gender-based income distribution analysis:
- In Houghton township, the median income for all workers aged 15 years and older, regardless of work hours, was $28,374 for males and $19,592 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $11,485 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Houghton township, the median income for all workers aged 15 years and older, regardless of work hours, was $28,374 for males and $19,592 for females.
- In Houghton township, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $11,485 for males, while data for females was unavailable due to an insufficient number of sample observations.
Read more about Houghton Township, Michigan income by gender ➔
Race
In Houghton township, the population is predominantly White, constituting 91.46% 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 $57,423.
- In Houghton township, White is both the largest group and the one with the highest median household income, which stands at $57,423.
- In Houghton township, the median household income for the households where the householder is White decreased by $7,139(11.06%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $64,562 in 2011 and $57,423 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
Read more about Houghton Township, Michigan median household income by race ➔
Year by year
Houghton Township, Michigan median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Houghton township decreased by $5,883 (9.60%), 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 2011 to 2012, when the median household income increased by 10,685 (from $64,562 to $75,247). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 22,413 (from $75,247 to $52,834).
- It then further increased to $58,550 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4273, it is evident that income distribution in Houghton Township, Michigan exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $20,140.
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