Age of householder
Per the latest American Community Survey by the Census Bureau, Little Elbow township sees its highest median household income among householders in the age group of 25 to 44 years old, at $66,206. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Little Elbow township, the median household income stands at $66,206 for householders within the 25 to 44 years age group, followed by $58,099 for the 65 years and over age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $54,721.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $33,582(136.97%), escalating from a median of $24,517 in 2011 to $58,099 in 2021.
- 0 households where the householder is under 25 years old.
- 12(13.04%) households with a householder aged between 25 and 44 years.
- 37(40.22%) households with a householder aged between 45 and 64 years.
- 43(46.74%) households where the householder is over 65 years old.
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Gender
In Little Elbow township, the population consists of 135 males (52.12%) and 124 females (47.88%). Here are the primary highlights from the gender-based income distribution analysis:
- In Little Elbow township, the median income for all workers aged 15 years and older, regardless of work hours, was $24,996 for males and $38,582 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $50,443 for males and $56,411 for females.
- In Little Elbow township, the median income for all workers aged 15 years and older, regardless of work hours, was $24,996 for males and $38,582 for females.
- In Little Elbow township, among full-time, year-round workers aged 15 years and older, males earned a median income of $50,443, while females earned $56,411
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Race
In Little Elbow township, the population is predominantly American Indian and Alaska Native, constituting 71.81% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for American Indian and Alaska Native households is $54,721.
- In Little Elbow township, despite the American Indian and Alaska Native population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $69,809. This reveals that, while American Indian and Alaska Natives may be the most numerous in Little Elbow township, White households experience greater economic prosperity in terms of median household income.
- In Little Elbow township, the median household income for the households where the householder is White increased by $1,270(1.85%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $68,539 in 2011 and $69,809 in 2021.
- As per the U.S. Census Bureau population data, in Little Elbow 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
Little Elbow Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Little Elbow township increased by $9,782 (20.83%), 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 2015 to 2016, when the median household income increased by 8,831 (from $50,794 to $59,625). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 10,278 (from $62,034 to $51,756).
- It then further increased to $87,824 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4212, it is evident that income distribution in Little Elbow Township, Minnesota exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $66,657. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $31,076.
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