Blowing Rock, NC Median Household Income By Age

Blowing Rock, 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 Blowing Rock population by age, the median age in Blowing Rock is 62.4 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 Blowing Rock, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $122,247.

In terms of income distribution across age cohorts, in Blowing Rock, where there exist only two delineated age groups, the median household income is $136,809 for householders within the 65 years and over age group, compared to $122,247 for the 45 to 64 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 town of Blowing Rock.

FIGURE 1

Blowing Rock, NC median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Blowing Rock, 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 $77,013(128.79%), escalating from a median of $59,796 in 2012 to $136,809 in 2022. Conversely, the age group of 45 to 64 years years witnessed the smallest growth in household income across the same span. Their median income saw a small increase of $34,450(39.24%), increasing from a median of $87,797 in 2012 to $122,247 in 2022.

Blowing Rock, NC household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Blowing Rock 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 12(2.50%) households where the householder is under 25 years old, 67(13.96%) households with a householder aged between 25 and 44 years, 193(40.21%) households with a householder aged between 45 and 64 years, and 208(43.33%) households where the householder is over 65 years old.

In Blowing Rock, the age group of 65 years and over 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

Blowing Rock, NC household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Blowing Rock: 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 Blowing Rock 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: It is impressive that 100% of the households in Blowing Rock, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $68,916 for the state of North Carolina. These 12 Blowing Rock households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
• Householder 25 to 44 years: In Blowing Rock, among households headed by individuals aged 25 to 44, an impressive 58.21% match or surpass the state of North Carolina median income of $68,916. These 39 households, represent a significant portion of the total 67 households in Blowing Rock within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Blowing Rock, within the age group of 45 to 64 years, a remarkable 70.47% of households meet or exceed the state of North Carolina median income of $68,916. These 136 households, out of the total 193 households in this age cohort, signify a substantial portion of mature demographic of Blowing Rock, showcasing commendable financial stability in comparison to the North Carolina state median income benchmark.
• Householder 65 years and over: In Blowing Rock, among the over 65 years age group, an impressive 90.87% of households either match or surpass the state of North Carolina median income of $68,916. These 189 households, constituting a significant portion of the Blowing Rock 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 Blowing Rock, NC?

In Blowing Rock, households led by individuals aged 65 years and over report the highest median household income of $136,809 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 Blowing Rock, NC?

In terms of income distribution across age cohorts, in Blowing Rock, where there exist only two delineated age groups, the median household income is $136,809 for householders within the 65 years and over age group, compared to $122,247 for the 45 to 64 years age group..

How does the median household income for households led by individuals of median age compare in Blowing Rock, NC?

The median age in Blowing Rock is 62.4, 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 Blowing Rock, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $122,247.

References

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