Age of householder
Per the latest American Community Survey by the Census Bureau, Mount Morris township sees its highest median household income among householders in the age group of 65 years and over old, at $84,671. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Mount Morris township, where there exist only two delineated age groups, the median household income is $84,671 for householders within the 65 years and over age group, compared to $80,393 for the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $4,390(5.78%), escalating from a median of $76,003 in 2011 to $80,393 in 2021.
- 5(13.51%) households where the householder is under 25 years old.
- 5(13.51%) households with a householder aged between 25 and 44 years.
- 17(45.95%) households with a householder aged between 45 and 64 years.
- 10(27.03%) households where the householder is over 65 years old.
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Gender
In Mount Morris township, the population consists of 50 males (61.73%) and 31 females (38.27%). Here are the primary highlights from the gender-based income distribution analysis:
- In Mount Morris township, while the Census reported a median income of $44,008 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $34,079 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Mount Morris township, while the Census reported a median income of $44,008 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Mount Morris township, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $34,079 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Mount Morris township, the population is predominantly White, constituting 96.30% 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 $86,473.
- In Mount Morris township, White is both the largest group and the one with the highest median household income, which stands at $86,473.
- In Mount Morris township, the median household income for the households where the householder is White increased by $7,746(9.84%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $78,727 in 2011 and $86,473 in 2021.
- As per the U.S. Census Bureau population data, in Mount Morris 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 Mount Morris Township, Minnesota median household income by race ➔
Year by year
Mount Morris Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Mount Morris township increased by $7,957 (10.19%), 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 2019 to 2020, when the median household income increased by 27,481 (from $64,587 to $92,068). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 26,294 (from $78,727 to $52,433).
- It then further increased to $149,706 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3188, it is evident that income distribution in Mount Morris Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $30,271.
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