Age of householder
Per the latest American Community Survey by the Census Bureau, Long Lost Lake township sees its highest median household income among householders in the age group of 65 years and over old, at $79,717. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Long Lost Lake township only reports a median household income of $79,717 among householders in the 65 years and over age group.
- 0 households where the householder is under 25 years old.
- 0 households with a householder aged between 25 and 44 years.
- 6(18.75%) households with a householder aged between 45 and 64 years.
- 26(81.25%) households where the householder is over 65 years old.
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Gender
In Long Lost Lake township, the population consists of 27 males (45.76%) and 32 females (54.24%). Here are the primary highlights from the gender-based income distribution analysis:
- In Long Lost Lake township, the median income for all workers aged 15 years and older, regardless of work hours, was $56,072 for males and $39,859 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census Bureau did not report the median income for both males and females due to an insufficient number of sample observations.
- In Long Lost Lake township, the median income for all workers aged 15 years and older, regardless of work hours, was $56,072 for males and $39,859 for females.
- In Long Lost Lake township, for full-time, year-round workers aged 15 years and older, the Census Bureau did not report the median income for both males and females due to an insufficient number of sample observations.
Read more about Long Lost Lake Township, Minnesota income by gender ➔
Race
In Long Lost Lake township, the population is predominantly White, constituting 81.36% 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 $90,526.
- In Long Lost Lake township, White is both the largest group and the one with the highest median household income, which stands at $90,526.
- In Long Lost Lake township, the median household income for the households where the householder is White increased by $29,314(47.89%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $61,212 in 2011 and $90,526 in 2021.
- As per the U.S. Census Bureau population data, in Long Lost Lake 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
Long Lost Lake Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Long Lost Lake township increased by $18,339 (31.25%), 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 30,165 (from $60,558 to $90,723). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 36,155 (from $90,723 to $54,568).
- It then further increased to $93,229 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3167, it is evident that income distribution in Long Lost Lake Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $48,352.
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