All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates
TABLE OF CONTENTS
Gender
In Toqua township, the population consists of 16 males (61.54%) and 10 females (38.46%). Here are the primary highlights from the gender-based income distribution analysis:
- In Toqua township, the median income for all workers aged 15 years and older, regardless of work hours, was $56,072 for males and $72,286 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $58,099 for males and $72,962 for females.
- In Toqua township, the median income for all workers aged 15 years and older, regardless of work hours, was $56,072 for males and $72,286 for females.
- In Toqua township, among full-time, year-round workers aged 15 years and older, males earned a median income of $58,099, while females earned $72,962
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Race
In Toqua 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 $105,389.
- In Toqua township, White is both the largest group and the one with the highest median household income, which stands at $105,389.
- In Toqua township, the median household income for the households where the householder is White increased by $64,527(157.91%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $40,862 in 2011 and $105,389 in 2021.
- As per the U.S. Census Bureau population data, in Toqua 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
Toqua Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Toqua township increased by $59,007 (127.22%), 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 2017 to 2018, when the median household income increased by 30,525 (from $68,114 to $98,639). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 27,022 (from $116,257 to $89,235).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.29, it is evident that income distribution in Toqua Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $54,046.
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References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)