Bethany Beach, DE Median Household Income By Age

Bethany Beach, DE 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 Bethany Beach population by age, the median age in Bethany Beach is 66.8 years.

Typically for a location with median age in this range, it suggests a significant population of retirees or older individuals. Interestingly, within Bethany Beach, the age group of 65 years and over exhibited the second-highest median household income, recorded at $95,077.

In terms of income distribution across age cohorts, in Bethany Beach, where there exist only two delineated age groups, the median household income is $183,358 for householders within the 45 to 64 years age group, compared to $95,077 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 town of Bethany Beach.

FIGURE 1

Bethany Beach, DE median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Bethany Beach, 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, none had a decline during this time period. Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $82,710(82.18%), escalating from a median of $100,648 in 2012 to $183,358 in 2022. Conversely, the age group of 65 years and over years witnessed the smallest growth in household income across the same span. Their median income saw a small increase of $17,939(23.26%), increasing from a median of $77,138 in 2012 to $95,077 in 2022.

Bethany Beach, DE household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Bethany Beach 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 2(0.38%) households where the householder is under 25 years old, 15(2.87%) households with a householder aged between 25 and 44 years, 149(28.54%) households with a householder aged between 45 and 64 years, and 356(68.20%) households where the householder is over 65 years old.

The age group of 45 to 64 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 Bethany Beach, showcasing varying income levels among different age demographics.

FIGURE 2

Bethany Beach, DE household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Bethany Beach: 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 Bethany Beach when compared to the state of Delaware 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: It is impressive that 100% of the households in Bethany Beach, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $82,597 for the state of Delaware. These 2 Bethany Beach households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
• Householder 25 to 44 years: In Bethany Beach, among households headed by individuals aged 25 to 44,worth noting that 46.67% match or surpass the state of Delaware median income of $82,597. These 7 households, represent a notable portion of the total 15 households in Bethany Beach within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Bethany Beach, within the age group of 45 to 64 years, a remarkable 85.91% of households meet or exceed the state of Delaware median income of $82,597. These 128 households, out of the total 149 households in this age cohort, signify a substantial portion of mature demographic of Bethany Beach, showcasing commendable financial stability in comparison to the Delaware state median income benchmark.
• Householder 65 years and over: In Bethany Beach, among the over 65 years age group, an impressive 62.64% of households either match or surpass the state of Delaware median income of $82,597. These 223 households, constituting a significant portion of the Bethany Beach town senior population, showcase commendable financial stability compared to the Delaware state median income benchmark.

Things to know

Which age group reports the highest median household income in Bethany Beach, DE?

In Bethany Beach, households led by individuals aged 45 to 64 years report the highest median household income of $183,358 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 Bethany Beach, DE?

In terms of income distribution across age cohorts, in Bethany Beach, where there exist only two delineated age groups, the median household income is $183,358 for householders within the 45 to 64 years age group, compared to $95,077 for the 65 years and over age group..

How does the median household income for households led by individuals of median age compare in Bethany Beach, DE?

The median age in Bethany Beach is 66.8, which falls within the 65 years and over range among the four age groups defined by the US Census Bureau. This demographic suggests a significant population of retirees or older individuals. Interestingly, within Bethany Beach, the age group of 65 years and over exhibited the second-highest median household income, recorded at $95,077.

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