Age of householder
Per the latest American Community Survey by the Census Bureau, Kimball township sees its highest median household income among householders in the age group of 65 years and over old, at $74,313. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Kimball township only reports a median household income of $74,313 among householders in the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $8,228(9.97%), declining from a median of $82,541 in 2011 to $74,313 in 2021.
- 1(2.33%) households where the householder is under 25 years old.
- 7(16.28%) households with a householder aged between 25 and 44 years.
- 26(60.47%) households with a householder aged between 45 and 64 years.
- 9(20.93%) households where the householder is over 65 years old.
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Gender
In Kimball township, the population consists of 65 males (68.42%) and 30 females (31.58%). Here are the primary highlights from the gender-based income distribution analysis:
- In Kimball township, while the Census reported a median income of $31,462 for all female workers aged 15 years and older, data for males 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 Census reported a median income of $103,362 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Kimball township, while the Census reported a median income of $31,462 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- In Kimball township, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $103,362 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Kimball township, 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 $76,339.
- In Kimball township, White is both the largest group and the one with the highest median household income, which stands at $76,339.
- In Kimball township, the median household income for the households where the householder is White decreased by $9,961(11.54%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $86,300 in 2011 and $76,339 in 2021.
- As per the U.S. Census Bureau population data, in Kimball 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.
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Year by year
Kimball Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Kimball township decreased by $9,115 (10.67%), 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 2016 to 2017, when the median household income increased by 2,443 (from $86,380 to $88,823). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 8,902 (from $84,681 to $75,779).
- NA
- With a Gini coefficient of 0.4544, it is evident that income distribution in Kimball Township, Minnesota exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $38,666.
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