Bear Creek Village, PA Median Household Income By Age

Bear Creek Village, PA 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 Bear Creek Village population by age, the median age in Bear Creek Village is 34.6 years.

Typically for a location with median age in this range, it suggests a dynamic mix of young professionals, often indicative of family formation and career advancement. Interestingly, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 25 to 44 years age group in Bear Creek Village. 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, in Bear Creek Village, where there exist only two delineated age groups, the median household income is $186,774 for householders within the 45 to 64 years age group, compared to $104,776 for the 65 years and over 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 borough of Bear Creek Village.

FIGURE 1

Bear Creek Village, PA median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Bear Creek Village, 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. Among the two age groups with available Census data in both 2012 and 2022, one groups encountered a decline in their median household income, while the remaining one experienced an increase during this period. Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $13,804(15.17%), escalating from a median of $90,972 in 2012 to $104,776 in 2022. Conversely, the age group of 45 to 64 years years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $14,104(7.02%), declining from a median of $200,878 in 2012 to $186,774 in 2022.

Bear Creek Village, PA household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Bear Creek Village 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, 43(31.39%) households with a householder aged between 25 and 44 years, 51(37.23%) households with a householder aged between 45 and 64 years, and 43(31.39%) households where the householder is over 65 years old.

In Bear Creek Village, the age group of 45 to 64 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

Bear Creek Village, PA household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Bear Creek Village: 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 Bear Creek Village when compared to the state of Pennsylvania 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 Bear Creek Village, 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 Bear Creek Village, among households headed by individuals aged 25 to 44, an impressive 55.81% match or surpass the state of Pennsylvania median income of $76,188. These 24 households, represent a significant portion of the total 43 households in Bear Creek Village within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Bear Creek Village, within the age group of 45 to 64 years, a remarkable 82.35% of households meet or exceed the state of Pennsylvania median income of $76,188. These 42 households, out of the total 51 households in this age cohort, signify a substantial portion of mature demographic of Bear Creek Village, showcasing commendable financial stability in comparison to the Pennsylvania state median income benchmark.
• Householder 65 years and over: In Bear Creek Village, among the over 65 years age group, an impressive 62.79% of households either match or surpass the state of Pennsylvania median income of $76,188. These 27 households, constituting a significant portion of the Bear Creek Village borough senior population, showcase commendable financial stability compared to the Pennsylvania state median income benchmark.

Things to know

Which age group reports the highest median household income in Bear Creek Village, PA?

In Bear Creek Village, households led by individuals aged 45 to 64 years report the highest median household income of $186,774 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 Bear Creek Village, PA?

In terms of income distribution across age cohorts, in Bear Creek Village, where there exist only two delineated age groups, the median household income is $186,774 for householders within the 45 to 64 years age group, compared to $104,776 for the 65 years and over age group..

How does the median household income for households led by individuals of median age compare in Bear Creek Village, PA?

The median age in Bear Creek Village is 34.6, which falls within the 25 to 44 years range among the four age groups defined by the US Census Bureau. This demographic suggests a dynamic mix of young professionals, often indicative of family formation and career advancement. Interestingly, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 25 to 44 years age group in Bear Creek Village. 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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