Median Household Income by Age of Householder in Bermuda Run, NC (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Bermuda Run. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Bermuda Run.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | $107,651 |
45 to 64 years | $90,259 |
65 years and over | $56,260 |
TABLE OF CONTENTS
Bermuda Run, NC 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 Bermuda Run population by age, the median age in Bermuda Run is 57.3 years.
Typically for a location with median age in this range, it tends to house more established professionals, possibly reflecting stable households and higher earning poptential. Interestingly, within Bermuda Run, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $90,259.
In terms of income distribution across age cohorts, in Bermuda Run, the median household income stands at $107,651 for householders within the 25 to 44 years age group, followed by $90,259 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $56,260.
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 town of Bermuda Run.
Analysis of income trends over the past decade highlights notable shifts across various age groups. Among the three age groups with available Census data in both 2011 and 2021, none had an increase in this time period. Notably, household income for individuals within the 25 to 44 years age group demonstrated the smallest decline of $25,286(19.02%), declining from a median of $132,937 in 2011 to $107,651 in 2021. 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 $51,940(36.53%), declining from a median of $142,199 in 2011 to $90,259 in 2021.
Bermuda Run, NC household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Bermuda Run 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, 184(12.68%) households with a householder aged between 25 and 44 years, 309(21.30%) households with a householder aged between 45 and 64 years, and 958(66.02%) households where the householder is over 65 years old.
The age group of 25 to 44 years exhibits the highest median household income, while the largest number of households falls within the 65 years and over bracket. This distribution hints at economic disparities within the town of Bermuda Run, showcasing varying income levels among different age demographics.
Age-wise distribution of Bermuda Run household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Bermuda Run: Under 25 years, 25-44 years, 45-64 years, and over 65 years. This table highlights the variation in household income, offering valuable insights into economic trends and disparities within different age categories.
Household Income Age of Householder | Under 25 years | 25 to 44 years | 45 to 64 years | 65 years and over |
---|---|---|---|---|
Less than $10,000 | - | - | - | - |
$10,000 - $14,999 | - | - | - | - |
$15,000 - $19,999 | - | - | 6 | 138 |
$20,000 - $24,999 | - | - | 8 | 58 |
$25,000 - $29,999 | - | - | 37 | 41 |
$30,000 - $34,999 | - | - | - | 71 |
$35,000 - $39,999 | - | 24 | - | - |
$40,000 - $44,999 | - | - | - | 12 |
$45,000 - $49,999 | - | - | - | - |
$50,000 - $59,999 | - | - | 10 | 235 |
$60,000 - $74,999 | - | - | 30 | 65 |
$75,000 - $99,999 | - | 75 | 109 | 114 |
$100,000 - $124,999 | - | - | 39 | 85 |
$125,000 - $149,999 | - | 25 | - | 49 |
$150,000 - $199,999 | - | - | - | 12 |
$200,000 or more | - | 60 | 70 | 78 |
To further explore the income distribution and gain insights into financial landscape of Bermuda Run when compared to the state of North Carolina 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 Bermuda Run, 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 Bermuda Run, among households headed by individuals aged 25 to 44, an impressive 86.96% match or surpass the state of North Carolina median income of $67,481. These 160 households, represent a significant portion of the total 184 households in Bermuda Run within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Bermuda Run, within the age group of 45 to 64 years, a remarkable 80.26% of households meet or exceed the state of North Carolina median income of $67,481. These 248 households, out of the total 309 households in this age cohort, signify a substantial portion of mature demographic of Bermuda Run, showcasing commendable financial stability in comparison to the North Carolina state median income benchmark.
- Householder 65 years and over: In Bermuda Run, among the over 65 years age group, a noteworthy 42.07% of households either match or surpass the state of North Carolina median income of $67,481. These 403 households, constituting notable portion of the Bermuda Run town senior population, showcase commendable financial stability compared to the North Carolina state median income benchmark.
Things to know
Which age group reports the highest median household income in Bermuda Run, NC?
In Bermuda Run, households led by individuals aged 25 to 44 years report the highest median household income of $107,651 according to the American Community Survey 2017-2021 5-Year Estimates by the US Census Bureau.
How does the median household income vary by age in Bermuda Run, NC?
In terms of income distribution across age cohorts, in Bermuda Run, the median household income stands at $107,651 for householders within the 25 to 44 years age group, followed by $90,259 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $56,260..
How does the median household income for households led by individuals of median age compare in Bermuda Run, NC?
The median age in Bermuda Run is 57.3, which falls within the 45 to 64 years range among the four age groups defined by the US Census Bureau. This demographic tends to house more established professionals, possibly reflecting stable households and higher earning poptential. Interestingly, within Bermuda Run, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $90,259.
References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)