Anaktuvuk Pass, AK Median Household Income By Age

Anaktuvuk Pass, AK median household income by age of householder

As one can expect, household incomes typically rise as the head of the household gets older. However, this upward trend reaches a peak at a certain point, and beyond that, it tends to level off or even decrease. Based on our analysis of the distribution of Anaktuvuk Pass population by age, the median age in Anaktuvuk Pass is 24 years.

Typically for a location with median age in this range, it likely boasts a youthful population, indication a potential hub for emerging workforce. Interestingly, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the Under 25 years age group in Anaktuvuk Pass. This absence could be attributed to a smaller working population or fewer household heads within this age range, potentially resulting in less reliable or unavailable data for reporting.

In terms of income distribution across age cohorts, Anaktuvuk Pass only reports a median household income of $72,165 among householders in the 25 to 44 years age group.

For a better visual representation of these income disparities, refer to the bar chart below. It offers a clear illustration of the differences in median household incomes based on the age of householders, derived from most current ACS data provided by the Census Bureau for the city of Anaktuvuk Pass.

FIGURE 1

Anaktuvuk Pass, AK median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Anaktuvuk Pass, based on the age of householders divided into four cohorts : Under 25 years, 25 - 44 years, 45 to 64 years and 65 years and over.

Analysis of income trends over the past decade highlights notable shifts across various age groups. Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $7,151(11%), escalating from a median of $65,014 in 2012 to $72,165 in 2022. Conversely, the age group of 25 to 44 years years witnessed the smallest growth in household income across the same span. Their median income saw a small increase of $7,151(11%), increasing from a median of $65,014 in 2012 to $72,165 in 2022.

Anaktuvuk Pass, AK household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Anaktuvuk Pass population, we conducted an analysis of household incomes across 16 distinct brackets within four age cohorts: under 25 years, 25 to 44 years, 45 to 64 years, and over 65 years.

Upon closer examination of the distribution of households among age brackets, it reveals that there are 0 households where the householder is under 25 years old, 41(61.19%) households with a householder aged between 25 and 44 years, 17(25.37%) households with a householder aged between 45 and 64 years, and 9(13.43%) households where the householder is over 65 years old.

In Anaktuvuk Pass, the age group of 25 to 44 years stands out with both the highest median income and the maximum share of households. This alignment suggests a financially stable demographic, indicating an established community with stable careers and higher incomes.

FIGURE 2

Anaktuvuk Pass, AK household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Anaktuvuk Pass: under 25 years, 25-44 years, 45-64 years, and over 65 years

To further explore the income distribution and gain insights into financial landscape of Anaktuvuk Pass when compared to the state of Alaska and The United States, we analyzed household incomes across various age cohorts and their corresponding income brackets. Here, are our key findings:

• Householder under 25 years: In Anaktuvuk Pass, the comparison with the median income of the state and the nation remains inapplicable as there are no households headed by individuals under 25 years old.
• Householder 25 to 44 years: In Anaktuvuk Pass, among households headed by individuals aged 25 to 44,worth noting that 41.46% match or surpass the state of Alaska median income of $89,933. These 17 households, represent a notable portion of the total 41 households in Anaktuvuk Pass within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Anaktuvuk Pass, within the age group of 45 to 64 years, a noteworthy 47.06% of households meet or exceed the state of Alaska median income of $89,933. These 8 households, out of the total 17 households in this age cohort, signify a notable portion of mature demographic of Anaktuvuk Pass, showcasing commendable financial stability in comparison to the Alaska state median income benchmark.
• Householder 65 years and over: In Anaktuvuk Pass, among the over 65 years age group, only 22.22% of households either match or surpass the state of Alaska median income of $89,933. These 2 households, constituting low portion of the Anaktuvuk Pass city senior population, showcase commendable financial stability compared to the Alaska state median income benchmark.

Things to know

Which age group reports the highest median household income in Anaktuvuk Pass, AK?

In Anaktuvuk Pass, households led by individuals aged 25 to 44 years report the highest median household income of $72,165 according to the American Community Survey 2018-2022 5-Year Estimates by the US Census Bureau.

How does the median household income vary by age in Anaktuvuk Pass, AK?

In terms of income distribution across age cohorts, Anaktuvuk Pass only reports a median household income of $72,165 among householders in the 25 to 44 years age group..

How does the median household income for households led by individuals of median age compare in Anaktuvuk Pass, AK?

The median age in Anaktuvuk Pass is 24, which falls within the Under 25 years range among the four age groups defined by the US Census Bureau. This demographic likely boasts a youthful population, indication a potential hub for emerging workforce. Interestingly, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the Under 25 years age group in Anaktuvuk Pass. This absence could be attributed to a smaller working population or fewer household heads within this age range, potentially resulting in less reliable or unavailable data for reporting.

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