Age of householder
Per the latest American Community Survey by the Census Bureau, Otrey township sees its highest median household income among householders in the age group of 45 to 64 years old, at $125,319. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Otrey township, the median household income stands at $125,319 for householders within the 45 to 64 years age group, followed by $117,549 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $111,469.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $66,521(148%), escalating from a median of $44,948 in 2011 to $111,469 in 2021.
- 0 households where the householder is under 25 years old.
- 6(12.77%) households with a householder aged between 25 and 44 years.
- 34(72.34%) households with a householder aged between 45 and 64 years.
- 7(14.89%) households where the householder is over 65 years old.
Read more about Otrey Township, Minnesota median household income by age ➔
Gender
In Otrey township, the population consists of 59 males (43.07%) and 78 females (56.93%). Here are the primary highlights from the gender-based income distribution analysis:
- In Otrey township, the median income for all workers aged 15 years and older, regardless of work hours, was $68,706 for males and $27,248 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $68,908 for males and $27,698 for females.
- In Otrey township, the median income for all workers aged 15 years and older, regardless of work hours, was $68,706 for males and $27,248 for females.
- In Otrey township, among full-time, year-round workers aged 15 years and older, males earned a median income of $68,908, while females earned $27,698, leading to a 60% gender pay gap among full-time workers. This illustrates that women earn 40 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
Read more about Otrey Township, Minnesota income by gender ➔
Race
In Otrey township, the population is predominantly White, constituting 94.16% 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 $125,233.
- In Otrey township, White is both the largest group and the one with the highest median household income, which stands at $125,233.
- In Otrey township, the median household income for the households where the householder is White decreased by $621(0.49%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $125,854 in 2011 and $125,233 in 2021.
- As per the U.S. Census Bureau population data, in Otrey 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 Otrey Township, Minnesota median household income by race ➔
Year by year
Otrey Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Otrey township increased by $46,301 (59.04%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2010 to 2011, when the median household income increased by 47,427 (from $78,427 to $125,854). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 28,921 (from $109,950 to $81,029).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.1558, it is evident that income distribution in Otrey Township, Minnesota exihibits characterstics of high equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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