Percy Township, Minnesota Income

The inflation-adjusted median household income in Percy township was $87,149, based on U.S. Census Bureau ACS estimates.
Neilsberg Research Avatar
Updated Dec 15, 2023
Overview
$87,149
Median household income
0.3305
Gini coefficient
45 to 64 years ($104,038)
Highest median income age group
$NA
Income of top 5%

All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates

TABLE OF CONTENTS

Age of householder

Per the latest American Community Survey by the Census Bureau, Percy township sees its highest median household income among householders in the age group of 45 to 64 years old, at $104,038. Here are the key highlights for income distribution by age:

  • In terms of income distribution across age cohorts, in Percy township, where there exist only two delineated age groups, the median household income is $104,038 for householders within the 45 to 64 years age group, compared to $72,286 for the 65 years and over age group.
  • Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $23,949(29.90%), escalating from a median of $80,089 in 2011 to $104,038 in 2021.
  • 0 households where the householder is under 25 years old.
  • 0 households with a householder aged between 25 and 44 years.
  • 6(54.55%) households with a householder aged between 45 and 64 years.
  • 5(45.45%) households where the householder is over 65 years old.
The bar chart shows Percy Township, Minnesota median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
Percy Township, Minnesota median household income by age of householder: It offers a clear illustration of the differences in median household incomes in Percy township, based on the age of householders divided into four cohorts : Under 25 years, 25 - 44 years, 45 to 64 years and 65 years and over. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Percy Township, Minnesota median household income by age ➔

Race

In Percy township, the population is predominantly White, constituting 88.24% 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 $87,149.
  • In Percy township, White is both the largest group and the one with the highest median household income, which stands at $87,149.
  • In Percy township, the median household income for the households where the householder is White increased by $7,714(9.71%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $79,435 in 2011 and $87,149 in 2021.
  • Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
The bar chart shows Percy Township, Minnesota median household income across all racial categories identified by the U.S. Census Bureau.
Percy Township, Minnesota median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Percy Township, Minnesota median household income by race ➔

Year by year

Percy Township, Minnesota median household income trends by year, family type and household size (2010-2021):

  • From 2010 to 2021, the median household income for Percy township increased by $4,506 (5.45%), as per the American Community Survey estimates.
  • Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
  • The most significant year-by-year growth occured from 2012 to 2013, when the median household income increased by 44,125 (from $55,234 to $99,359). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 24,201 (from $79,435 to $55,234).
  • Additionally, the Census Bureau did not report a median household income for larger household sizes.
  • With a Gini coefficient of 0.3305, it is evident that income distribution in Percy Township, Minnesota exihibits characterstics of moderate equality .
  • NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $26,179.
The line chart shows Percy Township, Minnesota median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.
Percy Township, Minnesota median household income trends: 2010 to 2021. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Percy Township, Minnesota median household income ➔

References

Explore more

Median household income of places that contain Percy township (in 2022 dollars)
Insights for Percy township, by topic

About the author

Neilsberg Research Avatar
Neilsberg Research
Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

Share

This article is for informational purposes only and is not intended to be legal or tax advice. We recommend that you consult with a qualified professional such as a lawyer or accountant before making a decision. Many of the products and services featured here are from our affiliate partners. We may receive commissions on purchases made from our chosen links. Read advertiser disclosure.