Age of householder
Per the latest American Community Survey by the Census Bureau, Millward township sees its highest median household income among householders in the age group of 45 to 64 years old, at $71,340. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Millward township, where there exist only two delineated age groups, the median household income is $71,340 for householders within the 45 to 64 years age group, compared to $50,668 for the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $47,400(1450.43%), escalating from a median of $3,268 in 2011 to $50,668 in 2021.
- 0 households where the householder is under 25 years old.
- 3(10%) households with a householder aged between 25 and 44 years.
- 8(26.67%) households with a householder aged between 45 and 64 years.
- 19(63.33%) households where the householder is over 65 years old.
Read more about Millward Township, Minnesota median household income by age ➔
Gender
In Millward township, the population consists of 42 males (71.19%) and 17 females (28.81%). Here are the primary highlights from the gender-based income distribution analysis:
- In Millward township, the median income for all workers aged 15 years and older, regardless of work hours, was $39,183 for males and $28,374 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 Millward township, the median income for all workers aged 15 years and older, regardless of work hours, was $39,183 for males and $28,374 for females.
- In Millward 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 Millward Township, Minnesota income by gender ➔
Race
In Millward township, the population is predominantly White, constituting 96.61% 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 $52,694.
- In Millward township, White is both the largest group and the one with the highest median household income, which stands at $52,694.
- In Millward township, the median household income for the households where the householder is White increased by $26,179(98.73%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $26,515 in 2011 and $52,694 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
Millward Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Millward township increased by $24,397 (86.22%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2017 to 2018, when the median household income increased by 13,907 (from $41,916 to $55,823). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 4,928 (from $51,670 to $46,742).
- It then further increased to $57,423 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.2291, it is evident that income distribution in Millward Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $27,602.
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