Median Household Income by Age of Householder in Blooming Valley, PA (2022, in 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Blooming Valley. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Blooming Valley.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | $93,713 |
| 45 to 64 years | - |
| 65 years and over | $55,751 |
TABLE OF CONTENTS
Blooming Valley, 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 Blooming Valley population by age, the median age in Blooming Valley is 53 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 45 to 64 years age group in Blooming Valley. 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 Blooming Valley, where there exist only two delineated age groups, the median household income is $93,713 for householders within the 25 to 44 years age group, compared to $55,751 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 Blooming Valley.
FIGURE 1
Blooming Valley, PA median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Blooming Valley, 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 65 years and over age group demonstrated a remarkable increase of $15,742(39.35%), escalating from a median of $40,009 in 2012 to $55,751 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 $8,694(10.23%), increasing from a median of $85,019 in 2012 to $93,713 in 2022.
Blooming Valley, PA household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Blooming Valley 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, 26(15.66%) households with a householder aged between 25 and 44 years, 85(51.20%) households with a householder aged between 45 and 64 years, and 55(33.13%) 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 45 to 64 years bracket. This distribution hints at economic disparities within the borough of Blooming Valley, showcasing varying income levels among different age demographics.
FIGURE 2
Blooming Valley, PA household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Blooming Valley: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Blooming Valley household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Blooming Valley: 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 | - | - | 2 | 2 |
| $15,000 - $19,999 | - | - | - | 11 |
| $20,000 - $24,999 | - | - | - | - |
| $25,000 - $29,999 | - | 2 | 3 | 4 |
| $30,000 - $34,999 | - | - | - | 2 |
| $35,000 - $39,999 | - | - | - | 4 |
| $40,000 - $44,999 | - | - | 2 | 1 |
| $45,000 - $49,999 | - | 2 | - | - |
| $50,000 - $59,999 | - | - | 14 | 15 |
| $60,000 - $74,999 | - | 3 | 11 | 8 |
| $75,000 - $99,999 | - | 11 | 14 | 1 |
| $100,000 - $124,999 | - | 6 | 2 | 4 |
| $125,000 - $149,999 | - | 1 | 6 | 1 |
| $150,000 - $199,999 | - | 1 | 28 | - |
| $200,000 or more | - | - | 3 | 2 |
To further explore the income distribution and gain insights into financial landscape of Blooming Valley 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 Blooming Valley, 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 Blooming Valley, among households headed by individuals aged 25 to 44, an impressive 73.08% match or surpass the state of Pennsylvania median income of $76,188. These 19 households, represent a significant portion of the total 26 households in Blooming Valley within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Blooming Valley, within the age group of 45 to 64 years, a remarkable 62.35% of households meet or exceed the state of Pennsylvania median income of $76,188. These 53 households, out of the total 85 households in this age cohort, signify a substantial portion of mature demographic of Blooming Valley, showcasing commendable financial stability in comparison to the Pennsylvania state median income benchmark.
- Householder 65 years and over: In Blooming Valley, among the over 65 years age group, only 14.55% of households either match or surpass the state of Pennsylvania median income of $76,188. These 8 households, constituting low portion of the Blooming Valley 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 Blooming Valley, PA?
In Blooming Valley, households led by individuals aged 25 to 44 years report the highest median household income of $93,713 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 Blooming Valley, PA?
In terms of income distribution across age cohorts, in Blooming Valley, where there exist only two delineated age groups, the median household income is $93,713 for householders within the 25 to 44 years age group, compared to $55,751 for the 65 years and over age group..
How does the median household income for households led by individuals of median age compare in Blooming Valley, PA?
The median age in Blooming Valley is 53, 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 45 to 64 years age group in Blooming Valley. 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.
References
- U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)