Age of householder
Per the latest American Community Survey by the Census Bureau, Van Buren township sees its highest median household income among householders in the age group of 65 years and over old, at $52,694. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Van Buren township only reports a median household income of $52,694 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 $11,832(28.96%), escalating from a median of $40,862 in 2011 to $52,694 in 2021.
- 6(9.68%) households where the householder is under 25 years old.
- 16(25.81%) households with a householder aged between 25 and 44 years.
- 25(40.32%) households with a householder aged between 45 and 64 years.
- 15(24.19%) households where the householder is over 65 years old.
Read more about Van Buren Township, Minnesota median household income by age ➔
Gender
In Van Buren township, the population consists of 89 males (56.33%) and 69 females (43.67%). Here are the primary highlights from the gender-based income distribution analysis:
- In Van Buren township, the median income for all workers aged 15 years and older, regardless of work hours, was $47,741 for males and $23,420 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $84,221 for males and $48,190 for females.
- In Van Buren township, the median income for all workers aged 15 years and older, regardless of work hours, was $47,741 for males and $23,420 for females.
- In Van Buren township, among full-time, year-round workers aged 15 years and older, males earned a median income of $84,221, while females earned $48,190, leading to a 43% gender pay gap among full-time workers. This illustrates that women earn 57 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.
Read more about Van Buren Township, Minnesota income by gender ➔
Race
In Van Buren 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 $65,755.
- In Van Buren township, White is both the largest group and the one with the highest median household income, which stands at $65,755.
- In Van Buren township, the median household income for the households where the householder is White decreased by $7,524(10.27%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $73,279 in 2011 and $65,755 in 2021.
- As per the U.S. Census Bureau population data, in Van Buren 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 Van Buren Township, Minnesota median household income by race ➔
Year by year
Van Buren Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Van Buren township decreased by $10,142 (13.36%), 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 2016 to 2017, when the median household income increased by 3,712 (from $73,384 to $77,096). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 5,125 (from $77,096 to $71,971).
- It then further increased to $135,114 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.41, it is evident that income distribution in Van Buren Township, Minnesota exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $95,931. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $39,994.
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