Age of householder
Per the latest American Community Survey by the Census Bureau, Meadows township sees its highest median household income among householders in the age group of 25 to 44 years old, at $79,717. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Meadows township only reports a median household income of $79,717 among householders in the 25 to 44 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated the smallest decline of $247,178(75.61%), declining from a median of $326,895 in 2011 to $79,717 in 2021.
- 0 households where the householder is under 25 years old.
- 4(28.57%) households with a householder aged between 25 and 44 years.
- 10(71.43%) households with a householder aged between 45 and 64 years.
- 0 households where the householder is over 65 years old.
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Race
In Meadows 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 $122,803.
- In Meadows township, White is both the largest group and the one with the highest median household income, which stands at $122,803.
- In Meadows township, the median household income for the households where the householder is White increased by $24,735(25.22%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $98,068 in 2011 and $122,803 in 2021.
- As per the U.S. Census Bureau population data, in Meadows 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
Meadows Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Meadows township increased by $32,850 (36.52%), 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 55,456 (from $67,458 to $122,914). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 42,906 (from $109,610 to $66,704).
- NA
- With a Gini coefficient of 0.0995, it is evident that income distribution in Meadows Township, Minnesota exihibits characterstics of high equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $47,451.
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