Median Household Income by Age of Householder in Cedar Hill, TN (2022, in 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Cedar Hill. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Cedar Hill.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | $37,932 |
| 25 to 44 years | $87,205 |
| 45 to 64 years | - |
| 65 years and over | - |
TABLE OF CONTENTS
Cedar Hill, TN 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 Cedar Hill population by age, the median age in Cedar Hill is 25 years.
Typically for a location with median age in this range, it likely boasts a youthful population, indication a potential hub for emerging workforce. Interestingly, within Cedar Hill, the age group of Under 25 years exhibited the second-highest median household income, recorded at $37,932.
In terms of income distribution across age cohorts, in Cedar Hill, where there exist only two delineated age groups, the median household income is $87,205 for householders within the 25 to 44 years age group, compared to $37,932 for the under 25 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 city of Cedar Hill.
FIGURE 1
Cedar Hill, TN median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Cedar Hill, 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. Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $5,891(7.24%), escalating from a median of $81,314 in 2012 to $87,205 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 $5,891(7.24%), increasing from a median of $81,314 in 2012 to $87,205 in 2022.
Cedar Hill, TN household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Cedar Hill 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(9.45%) households where the householder is under 25 years old, 59(46.46%) households with a householder aged between 25 and 44 years, 38(29.92%) households with a householder aged between 45 and 64 years, and 18(14.17%) households where the householder is over 65 years old.
In Cedar Hill, the age group of 25 to 44 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
Cedar Hill, TN household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Cedar Hill: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Cedar Hill household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Cedar Hill: 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 | - | 12 | - | 1 |
| $10,000 - $14,999 | - | - | 5 | 5 |
| $15,000 - $19,999 | - | - | 7 | - |
| $20,000 - $24,999 | - | - | 5 | 2 |
| $25,000 - $29,999 | 2 | 5 | 2 | 2 |
| $30,000 - $34,999 | - | 5 | - | 2 |
| $35,000 - $39,999 | 7 | - | - | - |
| $40,000 - $44,999 | - | - | - | - |
| $45,000 - $49,999 | - | - | - | - |
| $50,000 - $59,999 | 3 | 1 | 5 | - |
| $60,000 - $74,999 | - | 4 | 2 | - |
| $75,000 - $99,999 | - | 12 | 8 | 6 |
| $100,000 - $124,999 | - | - | 2 | - |
| $125,000 - $149,999 | - | - | 2 | - |
| $150,000 - $199,999 | - | 20 | - | - |
| $200,000 or more | - | - | - | - |
To further explore the income distribution and gain insights into financial landscape of Cedar Hill when compared to the state of Tennessee 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 noteworthy that no households in Cedar Hill, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $66,677 for the state of Tennessee. This indicates an income disparity among households headed by individuals under 25 years old when compared to the median income of the state.
- Householder 25 to 44 years: In Cedar Hill, among households headed by individuals aged 25 to 44, an impressive 61.02% match or surpass the state of Tennessee median income of $66,677. These 36 households, represent a significant portion of the total 59 households in Cedar Hill within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Cedar Hill, within the age group of 45 to 64 years, a noteworthy 36.84% of households meet or exceed the state of Tennessee median income of $66,677. These 14 households, out of the total 38 households in this age cohort, signify a notable portion of mature demographic of Cedar Hill, showcasing commendable financial stability in comparison to the Tennessee state median income benchmark.
- Householder 65 years and over: In Cedar Hill, among the over 65 years age group, a noteworthy 33.33% of households either match or surpass the state of Tennessee median income of $66,677. These 6 households, constituting notable portion of the Cedar Hill city senior population, showcase commendable financial stability compared to the Tennessee state median income benchmark.
Things to know
Which age group reports the highest median household income in Cedar Hill, TN?
In Cedar Hill, households led by individuals aged 25 to 44 years report the highest median household income of $87,205 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 Cedar Hill, TN?
In terms of income distribution across age cohorts, in Cedar Hill, where there exist only two delineated age groups, the median household income is $87,205 for householders within the 25 to 44 years age group, compared to $37,932 for the under 25 years age group..
How does the median household income for households led by individuals of median age compare in Cedar Hill, TN?
The median age in Cedar Hill is 25, which falls within the Under 25 years range among the four age groups defined by the US Census Bureau. This demographic likely boasts a youthful population, indication a potential hub for emerging workforce. Interestingly, within Cedar Hill, the age group of Under 25 years exhibited the second-highest median household income, recorded at $37,932.
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)