Age of householder
Per the latest American Community Survey by the Census Bureau, Lake St. Croix Beach sees its highest median household income among householders in the age group of 45 to 64 years old, at $98,273. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Lake St. Croix Beach, the median household income stands at $98,273 for householders within the 45 to 64 years age group, followed by $83,320 for the 25 to 44 years age group. Notably, householders within the under 25 years age group, had the lowest median household income at $51,343.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $13,957(20.12%), escalating from a median of $69,363 in 2011 to $83,320 in 2021.
- 38(7.58%) households where the householder is under 25 years old.
- 95(18.96%) households with a householder aged between 25 and 44 years.
- 201(40.12%) households with a householder aged between 45 and 64 years.
- 167(33.33%) households where the householder is over 65 years old.
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Gender
In Lake St. Croix Beach, the population consists of 543 males (47.93%) and 590 females (52.07%). Here are the primary highlights from the gender-based income distribution analysis:
- In Lake St. Croix Beach, the median income for all workers aged 15 years and older, regardless of work hours, was $59,788 for males and $35,880 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $66,978 for males and $65,998 for females.
- In Lake St. Croix Beach, the median income for all workers aged 15 years and older, regardless of work hours, was $59,788 for males and $35,880 for females.
- In Lake St. Croix Beach, among full-time, year-round workers aged 15 years and older, males earned a median income of $66,978, while females earned $65,998, resulting in a 1% gender pay gap among full-time workers. This illustrates that women earn 99 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 city of Lake St. Croix Beach.
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Race
In Lake St. Croix Beach, the population is predominantly White, constituting 90.20% 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 $95,372.
- In Lake St. Croix Beach, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $130,160. This reveals that, while Whites may be the most numerous in Lake St. Croix Beach, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Lake St. Croix Beach, the median household income for the households where the householder is White increased by $15,646(19.62%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $79,726 in 2011 and $95,372 in 2021.
- As per the U.S. Census Bureau population data, in Lake St. Croix Beach, 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
Lake St. Croix Beach, MN median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Lake St. Croix Beach increased by $7,206 (8.16%), 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 2018 to 2019, when the median household income increased by 11,392 (from $81,104 to $92,496). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 8,263 (from $88,352 to $80,089).
- It then further increased to $98,633 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.484, it is evident that income distribution in Lake St. Croix Beach, MN exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $63,872.
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