Age of householder
Per the latest American Community Survey by the Census Bureau, Southbrook township sees its highest median household income among householders in the age group of 45 to 64 years old, at $104,713. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Southbrook township, the median household income stands at $104,713 for householders within the 45 to 64 years age group, followed by $93,229 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $68,457.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $30,302(48.15%), escalating from a median of $62,927 in 2011 to $93,229 in 2021.
- 0 households where the householder is under 25 years old.
- 10(35.71%) households with a householder aged between 25 and 44 years.
- 5(17.86%) households with a householder aged between 45 and 64 years.
- 13(46.43%) households where the householder is over 65 years old.
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Gender
In Southbrook township, the population consists of 29 males (56.86%) and 22 females (43.14%). Here are the primary highlights from the gender-based income distribution analysis:
- In Southbrook township, while the Census reported a median income of $68,457 for all male workers aged 15 years and older, data for females 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 median income was $68,008 for males and $76,002 for females.
- In Southbrook township, while the Census reported a median income of $68,457 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Southbrook township, among full-time, year-round workers aged 15 years and older, males earned a median income of $68,008, while females earned $76,002
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Race
In Southbrook township, the population is predominantly White, constituting 94.12% 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 $69,922.
- In Southbrook township, White is both the largest group and the one with the highest median household income, which stands at $69,922.
- In Southbrook township, the median household income for the households where the householder is White decreased by $19,157(21.51%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $89,079 in 2011 and $69,922 in 2021.
- As per the U.S. Census Bureau population data, in Southbrook 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.
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Year by year
Southbrook Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Southbrook township decreased by $22,841 (24.62%), 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 2019 to 2020, when the median household income increased by 20,121 (from $49,756 to $69,877). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 23,310 (from $73,066 to $49,756).
- It then further increased to $90,526 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.247, it is evident that income distribution in Southbrook Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $34,493.
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