Age of householder
Per the latest American Community Survey by the Census Bureau, Prior township sees its highest median household income among householders in the age group of 45 to 64 years old, at $60,126. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Prior township, where there exist only two delineated age groups, the median household income is $60,126 for householders within the 45 to 64 years age group, compared to $2,701 for the 25 to 44 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $8,522(12.41%), declining from a median of $68,648 in 2011 to $60,126 in 2021.
- 0 households where the householder is under 25 years old.
- 18(20.22%) households with a householder aged between 25 and 44 years.
- 17(19.10%) households with a householder aged between 45 and 64 years.
- 54(60.67%) households where the householder is over 65 years old.
Read more about Prior Township, Minnesota median household income by age ➔
Gender
In Prior township, the population consists of 110 males (46.61%) and 126 females (53.39%). Here are the primary highlights from the gender-based income distribution analysis:
- In Prior township, while the Census reported a median income of $26,798 for all female workers aged 15 years and older, data for males 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, the Census reported a median income of $47,965 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Prior township, while the Census reported a median income of $26,798 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- In Prior township, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $47,965 for females, while data for males was unavailable due to an insufficient number of sample observations.
Read more about Prior Township, Minnesota income by gender ➔
Race
In Prior township, the population is predominantly White, constituting 98.73% 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 $47,290.
- In Prior township, White is both the largest group and the one with the highest median household income, which stands at $47,290.
- In Prior township, the median household income for the households where the householder is White decreased by $16,454(25.81%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $63,744 in 2011 and $47,290 in 2021.
- As per the U.S. Census Bureau population data, in Prior 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 Prior Township, Minnesota median household income by race ➔
Year by year
Prior Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Prior township decreased by $12,415 (20.91%), 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 2012 to 2013, when the median household income increased by 4,684 (from $56,035 to $60,719). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 8,959 (from $59,132 to $50,173).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.6975, it is evident that income distribution in Prior Township, Minnesota exihibits characterstics of high inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $69,869.
Read more about Prior Township, Minnesota median household income ➔