Age of householder
Per the latest American Community Survey by the Census Bureau, Shelby township sees its highest median household income among householders in the age group of 25 to 44 years old, at $106,740. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Shelby township, the median household income stands at $106,740 for householders within the 25 to 44 years age group, followed by $81,068 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $46,390.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $13,873(20.65%), escalating from a median of $67,195 in 2011 to $81,068 in 2021.
- 8(6.30%) households where the householder is under 25 years old.
- 30(23.62%) households with a householder aged between 25 and 44 years.
- 50(39.37%) households with a householder aged between 45 and 64 years.
- 39(30.71%) households where the householder is over 65 years old.
Read more about Shelby Township, Minnesota median household income by age ➔
Gender
In Shelby township, the population consists of 150 males (55.15%) and 122 females (44.85%). Here are the primary highlights from the gender-based income distribution analysis:
- In Shelby township, the median income for all workers aged 15 years and older, regardless of work hours, was $44,137 for males and $35,337 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $57,592 for males and $57,829 for females.
- In Shelby township, the median income for all workers aged 15 years and older, regardless of work hours, was $44,137 for males and $35,337 for females.
- In Shelby township, for all full-time workers aged 15 years and older, the median income was equal at, $57,829 for both males and females. This indicates a gender income balance in Shelby township, where both men and women, in full-time year-round roles, earn an equal income.
Read more about Shelby Township, Minnesota income by gender ➔
Race
In Shelby township, the population is predominantly White, constituting 98.90% 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 $78,470.
- In Shelby township, White is both the largest group and the one with the highest median household income, which stands at $78,470.
- In Shelby township, the median household income for the households where the householder is White increased by $4,919(6.69%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $73,551 in 2011 and $78,470 in 2021.
- As per the U.S. Census Bureau population data, in Shelby 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 Shelby Township, Minnesota median household income by race ➔
Year by year
Shelby Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Shelby township increased by $6,560 (9.12%), 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 2014 to 2015, when the median household income increased by 19,715 (from $92,558 to $112,273). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 19,654 (from $79,035 to $59,381).
- It then further increased to $114,171 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3483, it is evident that income distribution in Shelby Township, Minnesota exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $80,861. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $48,062.
Read more about Shelby Township, Minnesota median household income ➔