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
TABLE OF CONTENTS
Gender
In Kerrick, the population consists of 20 males (50.00%) and 20 females (50.00%). Here are the primary highlights from the gender-based income distribution analysis:
- In Kerrick, the median income for all workers aged 15 years and older, regardless of work hours, was $41,661 for males and $32,878 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $43,236 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Kerrick, the median income for all workers aged 15 years and older, regardless of work hours, was $41,661 for males and $32,878 for females.
- In Kerrick, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $43,236 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Kerrick, 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 $62,152.
- In Kerrick, White is both the largest group and the one with the highest median household income, which stands at $62,152.
- In Kerrick, the median household income for the households where the householder is White increased by $14,752(31.12%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $47,400 in 2011 and $62,152 in 2021.
- As per the U.S. Census Bureau population data, in Kerrick, 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.
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Year by year
Kerrick, MN median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Kerrick decreased by $30,611 (33%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 30,729 (from $44,336 to $75,065). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 44,546 (from $92,763 to $48,217).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.2134, it is evident that income distribution in Kerrick, MN exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $41,848.
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References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)