Age of householder
Per the latest American Community Survey by the Census Bureau, Squaw Lake sees its highest median household income among householders in the age group of 65 years and over old, at $41,435. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Squaw Lake only reports a median household income of $41,435 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 $16,918(69.01%), escalating from a median of $24,517 in 2011 to $41,435 in 2021.
- 0 households where the householder is under 25 years old.
- 3(10.34%) households with a householder aged between 25 and 44 years.
- 12(41.38%) households with a householder aged between 45 and 64 years.
- 14(48.28%) households where the householder is over 65 years old.
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Gender
In Squaw Lake, the population consists of 43 males (50.00%) and 43 females (50.00%). Here are the primary highlights from the gender-based income distribution analysis:
- In Squaw Lake, while the Census reported a median income of $20,808 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 median income was $51,794 for males and $35,805 for females.
- In Squaw Lake, while the Census reported a median income of $20,808 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 Squaw Lake, among full-time, year-round workers aged 15 years and older, males earned a median income of $51,794, while females earned $35,805, leading to a 31% gender pay gap among full-time workers. This illustrates that women earn 69 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Squaw Lake, the population is predominantly American Indian and Alaska Native, constituting 55.81% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for American Indian and Alaska Native households is $40,985.
- In Squaw Lake, despite the American Indian and Alaska Native population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $44,588. This reveals that, while American Indian and Alaska Natives may be the most numerous in Squaw Lake, White households experience greater economic prosperity in terms of median household income.
- In Squaw Lake, the median household income for the households where the householder is White increased by $4,543(11.34%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $40,045 in 2011 and $44,588 in 2021.
- As per the U.S. Census Bureau population data, in Squaw Lake, 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
Squaw Lake, MN median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Squaw Lake increased by $13,213 (46.08%), 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 2013 to 2014, when the median household income increased by 10,006 (from $28,388 to $38,394). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 18,135 (from $51,146 to $33,011).
- It then further increased to $42,336 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.392, it is evident that income distribution in Squaw Lake, MN exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $38,507.
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