Age of householder
Per the latest American Community Survey by the Census Bureau, Shelly township sees its highest median household income among householders in the age group of 65 years and over old, at $49,242. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Shelly township only reports a median household income of $49,242 among householders in the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $25,814(110.18%), escalating from a median of $23,428 in 2011 to $49,242 in 2021.
- 2(3.23%) households where the householder is under 25 years old.
- 5(8.06%) households with a householder aged between 25 and 44 years.
- 21(33.87%) households with a householder aged between 45 and 64 years.
- 34(54.84%) households where the householder is over 65 years old.
Read more about Shelly Township, Minnesota median household income by age ➔
Gender
In Shelly township, the population consists of 55 males (62.50%) and 33 females (37.50%). Here are the primary highlights from the gender-based income distribution analysis:
- In Shelly township, the median income for all workers aged 15 years and older, regardless of work hours, was $53,775 for males and $21,348 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $57,799 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Shelly township, the median income for all workers aged 15 years and older, regardless of work hours, was $53,775 for males and $21,348 for females.
- In Shelly township, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $57,799 for males, while data for females was unavailable due to an insufficient number of sample observations.
Read more about Shelly Township, Minnesota income by gender ➔
Race
In Shelly 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 $51,343.
- In Shelly township, White is both the largest group and the one with the highest median household income, which stands at $51,343.
- In Shelly township, the median household income for the households where the householder is White decreased by $8,587(14.33%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $59,930 in 2011 and $51,343 in 2021.
- As per the U.S. Census Bureau population data, in Shelly 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 Shelly Township, Minnesota median household income by race ➔
Year by year
Shelly Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Shelly township decreased by $7,125 (12.19%), 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 2014 to 2015, when the median household income increased by 23,002 (from $56,234 to $79,236). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 20,744 (from $76,720 to $55,976).
- It then further increased to $63,804 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.2933, it is evident that income distribution in Shelly Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $47,290.
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