Age of householder
Per the latest American Community Survey by the Census Bureau, Liberty township sees its highest median household income among householders in the age group of 25 to 44 years old, at $129,709. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Liberty township, where there exist only two delineated age groups, the median household income is $129,709 for householders within the 25 to 44 years age group, compared to $57,762 for the 45 to 64 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $23,468(22.09%), escalating from a median of $106,241 in 2011 to $129,709 in 2021.
- 0 households where the householder is under 25 years old.
- 6(20.69%) households with a householder aged between 25 and 44 years.
- 19(65.52%) households with a householder aged between 45 and 64 years.
- 4(13.79%) households where the householder is over 65 years old.
Read more about Liberty township, Polk County, Minnesota median household income by age ➔
Gender
In Liberty township, the population consists of 33 males (39.76%) and 50 females (60.24%). Here are the primary highlights from the gender-based income distribution analysis:
- In Liberty township, while the Census reported a median income of $25,672 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 $39,634 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Liberty township, while the Census reported a median income of $25,672 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 Liberty township, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $39,634 for females, while data for males was unavailable due to an insufficient number of sample observations.
Read more about Liberty township, Polk County, Minnesota income by gender ➔
Race
In Liberty 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 $71,610.
- In Liberty township, White is both the largest group and the one with the highest median household income, which stands at $71,610.
- In Liberty township, the median household income for the households where the householder is White decreased by $19,219(21.16%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $90,829 in 2011 and $71,610 in 2021.
- As per the U.S. Census Bureau population data, in Liberty 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 Liberty township, Polk County, Minnesota median household income by race ➔
Year by year
Liberty township, Polk County, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Liberty township increased by $773 (1.09%), 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 2017 to 2018, when the median household income increased by 37,814 (from $68,863 to $106,677). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 23,291 (from $94,901 to $71,610).
- NA
- With a Gini coefficient of 0.3724, it is evident that income distribution in Liberty township, Polk County, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $61,928.
Read more about Liberty township, Polk County, Minnesota median household income ➔