Age of householder
Per the latest American Community Survey by the Census Bureau, Moose Creek township sees its highest median household income among householders in the age group of 25 to 44 years old, at $115,522. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Moose Creek township, the median household income stands at $115,522 for householders within the 25 to 44 years age group, followed by $88,500 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 $52,357.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $45,240(64.37%), escalating from a median of $70,282 in 2011 to $115,522 in 2021.
- 0 households where the householder is under 25 years old.
- 11(12.79%) households with a householder aged between 25 and 44 years.
- 33(38.37%) households with a householder aged between 45 and 64 years.
- 42(48.84%) households where the householder is over 65 years old.
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Gender
In Moose Creek township, the population consists of 112 males (49.78%) and 113 females (50.22%). Here are the primary highlights from the gender-based income distribution analysis:
- In Moose Creek township, the median income for all workers aged 15 years and older, regardless of work hours, was $36,481 for males and $29,455 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $75,213 for males and $76,115 for females.
- In Moose Creek township, the median income for all workers aged 15 years and older, regardless of work hours, was $36,481 for males and $29,455 for females.
- In Moose Creek township, among full-time, year-round workers aged 15 years and older, males earned a median income of $75,213, while females earned $76,115
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Race
In Moose Creek township, the population is predominantly White, constituting 96.44% 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 $64,855.
- In Moose Creek township, White is both the largest group and the one with the highest median household income, which stands at $64,855.
- In Moose Creek township, the median household income for the households where the householder is White decreased by $6,244(8.78%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $71,099 in 2011 and $64,855 in 2021.
- As per the U.S. Census Bureau population data, in Moose Creek 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
Moose Creek Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Moose Creek township increased by $4,655 (6.81%), 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 2013 to 2014, when the median household income increased by 9,602 (from $71,421 to $81,023). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 8,403 (from $80,008 to $71,605).
- It then further increased to $112,145 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4182, it is evident that income distribution in Moose Creek Township, Minnesota exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $76,204. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $25,672.
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