Age of householder
Per the latest American Community Survey by the Census Bureau, West Branch township sees its highest median household income among householders in the age group of 45 to 64 years old, at $66,206. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in West Branch township, the median household income stands at $66,206 for householders within the 45 to 64 years age group, followed by $50,893 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $42,966.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $16,763(33.90%), escalating from a median of $49,443 in 2011 to $66,206 in 2021.
- 0 households where the householder is under 25 years old.
- 37(22.84%) households with a householder aged between 25 and 44 years.
- 62(38.27%) households with a householder aged between 45 and 64 years.
- 63(38.89%) households where the householder is over 65 years old.
Read more about West Branch township, Missaukee County, Michigan median household income by age ➔
Gender
In West Branch township, the population consists of 189 males (49.22%) and 195 females (50.78%). Here are the primary highlights from the gender-based income distribution analysis:
- In West Branch township, the median income for all workers aged 15 years and older, regardless of work hours, was $33,165 for males and $22,368 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $50,408 for males and $50,262 for females.
- In West Branch township, the median income for all workers aged 15 years and older, regardless of work hours, was $33,165 for males and $22,368 for females.
- In West Branch township, for all full-time workers aged 15 years and older, the median income was equal at, $50,262 for both males and females. This indicates a gender income balance in West Branch township, where both men and women, in full-time year-round roles, earn an equal income.
Read more about West Branch township, Missaukee County, Michigan income by gender ➔
Race
In West Branch township, the population is predominantly White, constituting 94.01% 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 $58,099.
- In West Branch township, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $65,530. This reveals that, while Whites may be the most numerous in West Branch township, Two or More Races households experience greater economic prosperity in terms of median household income.
- In West Branch township, the median household income for the households where the householder is White increased by $9,610(19.82%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $48,489 in 2011 and $58,099 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 West Branch township, Missaukee County, Michigan median household income by race ➔
Year by year
West Branch township, Missaukee County, Michigan median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for West Branch township increased by $4,804 (8.79%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2017 to 2018, when the median household income increased by 8,856 (from $47,405 to $56,261). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 7,462 (from $56,261 to $48,799).
- It then further decreased to 51,193 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3976, it is evident that income distribution in West Branch township, Missaukee County, Michigan exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $54,046. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $45,939.
Read more about West Branch township, Missaukee County, Michigan median household income ➔