Age of householder
Per the latest American Community Survey by the Census Bureau, Norway township sees its highest median household income among householders in the age group of 45 to 64 years old, at $87,824. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Norway township, where there exist only two delineated age groups, the median household income is $87,824 for householders within the 45 to 64 years age group, compared to $74,313 for 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 $6,593(8.15%), declining from a median of $80,906 in 2011 to $74,313 in 2021.
- 2(1.79%) households where the householder is under 25 years old.
- 45(40.18%) households with a householder aged between 25 and 44 years.
- 38(33.93%) households with a householder aged between 45 and 64 years.
- 27(24.11%) households where the householder is over 65 years old.
Read more about Norway township, Fillmore County, Minnesota median household income by age ➔
Gender
In Norway township, the population consists of 170 males (53.13%) and 150 females (46.88%). Here are the primary highlights from the gender-based income distribution analysis:
- In Norway township, the median income for all workers aged 15 years and older, regardless of work hours, was $41,615 for males and $43,236 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $44,588 for males and $57,199 for females.
- In Norway township, the median income for all workers aged 15 years and older, regardless of work hours, was $41,615 for males and $43,236 for females.
- In Norway township, among full-time, year-round workers aged 15 years and older, males earned a median income of $44,588, while females earned $57,199
Read more about Norway township, Fillmore County, Minnesota income by gender ➔
Race
In Norway 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 $73,207.
- In Norway township, White is both the largest group and the one with the highest median household income, which stands at $73,207.
- In Norway township, the median household income for the households where the householder is White decreased by $10,805(12.86%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $84,012 in 2011 and $73,207 in 2021.
- As per the U.S. Census Bureau population data, in Norway 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 Norway township, Fillmore County, Minnesota median household income by race ➔
Year by year
Norway township, Fillmore County, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Norway township decreased by $9,436 (11.42%), 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 2016 to 2017, when the median household income increased by 12,694 (from $73,384 to $86,078). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 19,345 (from $86,078 to $66,733).
- It then further increased to $75,084 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3388, it is evident that income distribution in Norway township, Fillmore County, Minnesota exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $75,664. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $36,481.
Read more about Norway township, Fillmore County, Minnesota median household income ➔