Race
In Malta 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 $89,880.
- In Malta township, White is both the largest group and the one with the highest median household income, which stands at $89,880.
- In Malta township, the median household income for the households where the householder is White decreased by $55,588(38.21%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $145,468 in 2011 and $89,880 in 2021.
- As per the U.S. Census Bureau population data, in Malta 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
Malta Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Malta township decreased by $43,361 (32.54%), 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 2019 to 2020, when the median household income increased by 24,040 (from $64,587 to $88,627). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 47,807 (from $145,468 to $97,661).
- It then further decreased to 87,824 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3062, it is evident that income distribution in Malta Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $23,208.
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