Age of householder
Per the latest American Community Survey by the Census Bureau, Vernon Center township sees its highest median household income among householders in the age group of 45 to 64 years old, at $117,549. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Vernon Center township, the median household income stands at $117,549 for householders within the 45 to 64 years age group, followed by $100,660 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 $95,931.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $46,858(66.29%), escalating from a median of $70,691 in 2011 to $117,549 in 2021.
- 0 households where the householder is under 25 years old.
- 14(16.87%) households with a householder aged between 25 and 44 years.
- 42(50.60%) households with a householder aged between 45 and 64 years.
- 27(32.53%) households where the householder is over 65 years old.
Read more about Vernon Center Township, Minnesota median household income by age ➔
Gender
In Vernon Center township, the population consists of 94 males (52.22%) and 86 females (47.78%). Here are the primary highlights from the gender-based income distribution analysis:
- In Vernon Center township, the median income for all workers aged 15 years and older, regardless of work hours, was $73,367 for males and $45,263 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $74,042 for males and $69,752 for females.
- In Vernon Center township, the median income for all workers aged 15 years and older, regardless of work hours, was $73,367 for males and $45,263 for females.
- In Vernon Center township, among full-time, year-round workers aged 15 years and older, males earned a median income of $74,042, while females earned $69,752, resulting in a 6% gender pay gap among full-time workers. This illustrates that women earn 94 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 Vernon Center township.
Read more about Vernon Center Township, Minnesota income by gender ➔
Race
In Vernon Center 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 $100,660.
- In Vernon Center township, White is both the largest group and the one with the highest median household income, which stands at $100,660.
- In Vernon Center township, the median household income for the households where the householder is White increased by $29,833(42.12%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $70,827 in 2011 and $100,660 in 2021.
- As per the U.S. Census Bureau population data, in Vernon Center 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 Vernon Center Township, Minnesota median household income by race ➔
Year by year
Vernon Center Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Vernon Center township increased by $31,229 (44.98%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 9 years and declined for 2 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 18,812 (from $77,505 to $96,317). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 4,814 (from $79,342 to $74,528).
- It then further increased to $106,740 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.2926, it is evident that income distribution in Vernon Center Township, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $33,328.
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