Age of householder
Per the latest American Community Survey by the Census Bureau, Woodside township sees its highest median household income among householders in the age group of 65 years and over old, at $56,748. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Woodside township, where there exist only two delineated age groups, the median household income is $56,748 for householders within the 65 years and over age group, compared to $49,824 for the 45 to 64 years age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $17,194(43.47%), escalating from a median of $39,554 in 2011 to $56,748 in 2021.
- 8(10%) households where the householder is under 25 years old.
- 9(11.25%) households with a householder aged between 25 and 44 years.
- 43(53.75%) households with a householder aged between 45 and 64 years.
- 20(25%) households where the householder is over 65 years old.
Read more about Woodside township, Otter Tail County, Minnesota median household income by age ➔
Gender
In Woodside township, the population consists of 78 males (57.78%) and 57 females (42.22%). Here are the primary highlights from the gender-based income distribution analysis:
- In Woodside township, the median income for all workers aged 15 years and older, regardless of work hours, was $39,183 for males and $19,816 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $49,992 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Woodside township, the median income for all workers aged 15 years and older, regardless of work hours, was $39,183 for males and $19,816 for females.
- In Woodside township, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $49,992 for males, while data for females was unavailable due to an insufficient number of sample observations.
Read more about Woodside township, Otter Tail County, Minnesota income by gender ➔
Race
In Woodside township, the population is predominantly White, constituting 97.78% 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 $47,290.
- In Woodside township, White is both the largest group and the one with the highest median household income, which stands at $47,290.
- In Woodside township, the median household income for the households where the householder is White decreased by $5,247(9.99%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $52,537 in 2011 and $47,290 in 2021.
- As per the U.S. Census Bureau population data, in Woodside 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 Woodside township, Otter Tail County, Minnesota median household income by race ➔
Year by year
Woodside township, Otter Tail County, Minnesota median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Woodside township decreased by $5,476 (10.38%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 5,270 (from $42,020 to $47,290). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 6,545 (from $52,537 to $45,992).
- It then further increased to $60,126 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3628, it is evident that income distribution in Woodside township, Otter Tail County, Minnesota exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $175,047.
Read more about Woodside township, Otter Tail County, Minnesota median household income ➔