Age of householder
Per the latest American Community Survey by the Census Bureau, Mastodon township sees its highest median household income among householders in the age group of 25 to 44 years old, at $60,222. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Mastodon township, the median household income stands at $60,222 for householders within the 25 to 44 years age group, followed by $56,973 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $37,537.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $10,099(20.15%), escalating from a median of $50,123 in 2011 to $60,222 in 2021.
- 1(0.30%) households where the householder is under 25 years old.
- 46(13.81%) households with a householder aged between 25 and 44 years.
- 109(32.73%) households with a householder aged between 45 and 64 years.
- 177(53.15%) households where the householder is over 65 years old.
Read more about Mastodon Township, Michigan median household income by age ➔
Gender
In Mastodon township, the population consists of 347 males (53.47%) and 302 females (46.53%). Here are the primary highlights from the gender-based income distribution analysis:
- In Mastodon township, the median income for all workers aged 15 years and older, regardless of work hours, was $31,822 for males and $26,637 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $39,183 for males and $40,197 for females.
- In Mastodon township, the median income for all workers aged 15 years and older, regardless of work hours, was $31,822 for males and $26,637 for females.
- In Mastodon township, among full-time, year-round workers aged 15 years and older, males earned a median income of $39,183, while females earned $40,197
Read more about Mastodon Township, Michigan income by gender ➔
Race
In Mastodon township, the population is predominantly White, constituting 98.46% 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 $44,137.
- In Mastodon township, White is both the largest group and the one with the highest median household income, which stands at $44,137.
- In Mastodon township, the median household income for the households where the householder is White decreased by $2,223(4.80%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $46,360 in 2011 and $44,137 in 2021.
- As per the U.S. Census Bureau population data, in Mastodon 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 Mastodon Township, Michigan median household income by race ➔
Year by year
Mastodon Township, Michigan median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Mastodon township decreased by $239 (0.54%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2013 to 2014, when the median household income increased by 4,384 (from $41,636 to $46,020). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 3,637 (from $50,399 to $46,762).
- It then further increased to $111,469 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.404, it is evident that income distribution in Mastodon Township, Michigan exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $63,954. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $33,610.
Read more about Mastodon Township, Michigan median household income ➔