Age of householder
Per the latest American Community Survey by the Census Bureau, Kerrick township sees its highest median household income among householders in the age group of 25 to 44 years old, at $83,771. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Kerrick township, the median household income stands at $83,771 for householders within the 25 to 44 years age group, followed by $66,206 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $58,550.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $18,832(47.41%), escalating from a median of $39,718 in 2011 to $58,550 in 2021.
- 0 households where the householder is under 25 years old.
- 22(23.16%) households with a householder aged between 25 and 44 years.
- 39(41.05%) households with a householder aged between 45 and 64 years.
- 34(35.79%) households where the householder is over 65 years old.
Read more about Kerrick Township, Minnesota median household income by age ➔
Gender
In Kerrick township, the population consists of 113 males (47.48%) and 125 females (52.52%). Here are the primary highlights from the gender-based income distribution analysis:
- In Kerrick township, the median income for all workers aged 15 years and older, regardless of work hours, was $45,939 for males and $31,211 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $71,610 for males and $39,724 for females.
- In Kerrick township, the median income for all workers aged 15 years and older, regardless of work hours, was $45,939 for males and $31,211 for females.
- In Kerrick township, among full-time, year-round workers aged 15 years and older, males earned a median income of $71,610, while females earned $39,724, leading to a 45% gender pay gap among full-time workers. This illustrates that women earn 55 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Kerrick township, the population is predominantly White, constituting 91.60% 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 $68,683.
- In Kerrick township, White is both the largest group and the one with the highest median household income, which stands at $68,683.
- In Kerrick township, the median household income for the households where the householder is White increased by $16,562(31.78%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $52,121 in 2011 and $68,683 in 2021.
- As per the U.S. Census Bureau population data, in Kerrick 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 Kerrick Township, Minnesota median household income by race ➔
Year by year
Kerrick Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Kerrick township increased by $19,503 (40.40%), 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 13,520 (from $52,121 to $65,641). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 6,867 (from $78,225 to $71,358).
- It then further decreased to 39,994 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4966, it is evident that income distribution in Kerrick Township, Minnesota exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $76,564. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $36,481.
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