Age of householder
Per the latest American Community Survey by the Census Bureau, Sterling township sees its highest median household income among householders in the age group of 45 to 64 years old, at $174,297. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Sterling township, where there exist only two delineated age groups, the median household income is $174,297 for householders within the 45 to 64 years age group, compared to $77,015 for the 65 years and over age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $48,443(38.49%), escalating from a median of $125,854 in 2011 to $174,297 in 2021.
- 0 households where the householder is under 25 years old.
- 16(17.58%) households with a householder aged between 25 and 44 years.
- 40(43.96%) households with a householder aged between 45 and 64 years.
- 35(38.46%) households where the householder is over 65 years old.
Read more about Sterling Township, Minnesota median household income by age ➔
Gender
In Sterling township, the population consists of 135 males (49.63%) and 137 females (50.37%). Here are the primary highlights from the gender-based income distribution analysis:
- In Sterling township, the median income for all workers aged 15 years and older, regardless of work hours, was $50,262 for males and $30,063 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $90,256 for males and $79,267 for females.
- In Sterling township, the median income for all workers aged 15 years and older, regardless of work hours, was $50,262 for males and $30,063 for females.
- In Sterling township, among full-time, year-round workers aged 15 years and older, males earned a median income of $90,256, while females earned $79,267, resulting in a 12% gender pay gap among full-time workers. This illustrates that women earn 88 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the township of Sterling township.
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Race
In Sterling township, the population is predominantly White, constituting 95.96% 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 $105,659.
- In Sterling township, White is both the largest group and the one with the highest median household income, which stands at $105,659.
- In Sterling township, the median household income for the households where the householder is White decreased by $36(0.03%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $105,695 in 2011 and $105,659 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
Read more about Sterling Township, Minnesota median household income by race ➔
Year by year
Sterling Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Sterling township increased by $3,844 (4.14%), 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 2018 to 2019, when the median household income increased by 17,487 (from $89,871 to $107,358). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 9,058 (from $105,665 to $96,607).
- It then further increased to $244,406 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4237, it is evident that income distribution in Sterling Township, Minnesota exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $115,522. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $60,801.
Read more about Sterling Township, Minnesota median household income ➔