Age of householder
Per the latest American Community Survey by the Census Bureau, Milton township sees its highest median household income among householders in the age group of 25 to 44 years old, at $150,957. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Milton township, the median household income stands at $150,957 for householders within the 25 to 44 years age group, followed by $123,756 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 $74,313.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $56,534(59.87%), escalating from a median of $94,423 in 2011 to $150,957 in 2021.
- 0 households where the householder is under 25 years old.
- 330(28.52%) households with a householder aged between 25 and 44 years.
- 493(42.61%) households with a householder aged between 45 and 64 years.
- 334(28.87%) households where the householder is over 65 years old.
Read more about Milton township, Cass County, Michigan median household income by age ➔
Gender
In Milton township, the population consists of 1,552 males (47.98%) and 1,683 females (52.02%). Here are the primary highlights from the gender-based income distribution analysis:
- In Milton township, the median income for all workers aged 15 years and older, regardless of work hours, was $54,280 for males and $30,093 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $79,958 for males and $55,686 for females.
- In Milton township, the median income for all workers aged 15 years and older, regardless of work hours, was $54,280 for males and $30,093 for females.
- In Milton township, among full-time, year-round workers aged 15 years and older, males earned a median income of $79,958, while females earned $55,686, leading to a 30% gender pay gap among full-time workers. This illustrates that women earn 70 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
Read more about Milton township, Cass County, Michigan income by gender ➔
Race
In Milton township, the population is predominantly White, constituting 93.32% 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 $122,278.
- In Milton township, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $128,088. This reveals that, while Whites may be the most numerous in Milton township, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Milton township, the median household income for the households where the householder is White increased by $39,448(47.63%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $82,830 in 2011 and $122,278 in 2021.
- In Milton township, the median household income for Black or African American households was $123,931 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
Read more about Milton township, Cass County, Michigan median household income by race ➔
Year by year
Milton township, Cass County, Michigan median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Milton township increased by $28,318 (30.04%), 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 28,769 (from $93,771 to $122,540). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 12,286 (from $80,946 to $68,660).
- It then further increased to $149,571 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3748, it is evident that income distribution in Milton township, Cass County, Michigan exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $123,108. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $62,453.
Read more about Milton township, Cass County, Michigan median household income ➔