Age of householder
Per the latest American Community Survey by the Census Bureau, West Heron Lake township sees its highest median household income among householders in the age group of 45 to 64 years old, at $114,847. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, West Heron Lake township only reports a median household income of $114,847 among householders in the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $24,134(26.60%), escalating from a median of $90,713 in 2011 to $114,847 in 2021.
- 5(10.64%) households where the householder is under 25 years old.
- 4(8.51%) households with a householder aged between 25 and 44 years.
- 23(48.94%) households with a householder aged between 45 and 64 years.
- 15(31.91%) households where the householder is over 65 years old.
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Gender
In West Heron Lake township, the population consists of 79 males (55.63%) and 63 females (44.37%). Here are the primary highlights from the gender-based income distribution analysis:
- In West Heron Lake township, while the Census reported a median income of $38,846 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $60,801 for males and $57,086 for females.
- In West Heron Lake township, while the Census reported a median income of $38,846 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- In West Heron Lake township, among full-time, year-round workers aged 15 years and older, males earned a median income of $60,801, while females earned $57,086, 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 West Heron Lake township.
Read more about West Heron Lake Township, Minnesota income by gender ➔
Race
In West Heron Lake township, the population is predominantly White, constituting 70.42% 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 $98,972.
- In West Heron Lake township, White is both the largest group and the one with the highest median household income, which stands at $98,972.
- In West Heron Lake township, the median household income for the households where the householder is White increased by $22,152(28.84%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $76,820 in 2011 and $98,972 in 2021.
- As per the U.S. Census Bureau population data, in West Heron Lake 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
West Heron Lake Township, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for West Heron Lake township increased by $45,696 (66.08%), 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 43,054 (from $63,623 to $106,677). Similarly the most substantial year-by-year decline occured from 2016 to 2017, when the median household income decreased by 19,699 (from $83,322 to $63,623).
- It then further increased to $171,595 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4868, it is evident that income distribution in West Heron Lake Township, Minnesota exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $117,549. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $37,021.
Read more about West Heron Lake Township, Minnesota median household income ➔