Age of householder
Per the latest American Community Survey by the Census Bureau, Mason township sees its highest median household income among householders in the age group of 25 to 44 years old, at $63,368. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Mason township, householders within the 25 to 44 years age group have the highest median household income at $63,368, followed by those in the 65 years and over age group with an income of $62,453. Meanwhile householders within the under 25 years age group report the second lowest median household income of $57,815. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $46,262.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $24,043(62.60%), escalating from a median of $38,410 in 2011 to $62,453 in 2021.
- 23(6.07%) households where the householder is under 25 years old.
- 67(17.68%) households with a householder aged between 25 and 44 years.
- 181(47.76%) households with a householder aged between 45 and 64 years.
- 108(28.50%) households where the householder is over 65 years old.
Read more about Mason township, Arenac County, Michigan median household income by age ➔
Gender
In Mason township, the population consists of 544 males (56.67%) and 416 females (43.33%). Here are the primary highlights from the gender-based income distribution analysis:
- In Mason township, the median income for all workers aged 15 years and older, regardless of work hours, was $32,644 for males and $18,072 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $42,561 for males and $39,746 for females.
- In Mason township, the median income for all workers aged 15 years and older, regardless of work hours, was $32,644 for males and $18,072 for females.
- In Mason township, among full-time, year-round workers aged 15 years and older, males earned a median income of $42,561, while females earned $39,746, resulting in a 7% gender pay gap among full-time workers. This illustrates that women earn 93 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 township of Mason township.
Read more about Mason township, Arenac County, Michigan income by gender ➔
Race
In Mason township, the population is predominantly White, constituting 95.31% 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 $50,668.
- In Mason township, White is both the largest group and the one with the highest median household income, which stands at $50,668.
- In Mason township, the median household income for the households where the householder is White increased by $9,064(21.79%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $41,604 in 2011 and $50,668 in 2021.
- As per the U.S. Census Bureau population data, in Mason 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 Mason township, Arenac County, Michigan median household income by race ➔
Year by year
Mason township, Arenac County, Michigan median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Mason township increased by $3,590 (7.98%), 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 2015 to 2016, when the median household income increased by 6,197 (from $39,941 to $46,138). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 3,965 (from $44,976 to $41,011).
- It then further increased to $58,775 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3596, it is evident that income distribution in Mason township, Arenac County, Michigan exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $56,804. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $46,530.
Read more about Mason township, Arenac County, Michigan median household income ➔