Clay Center, OH Median Household Income By Age

Clay Center, OH 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 Clay Center population by age, the median age in Clay Center is 32.3 years.

Typically for a location with median age in this range, it suggests a dynamic mix of young professionals, often indicative of family formation and career advancement. Interestingly, within Clay Center, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $61,563.

In terms of income distribution across age cohorts, in Clay Center, where there exist only two delineated age groups, the median household income is $85,000 for householders within the 45 to 64 years age group, compared to $61,563 for the 25 to 44 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 village of Clay Center.

FIGURE 1

Clay Center, OH median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Clay Center, 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 2013 and 2023, one groups encountered a decline in their median household income, while the remaining one experienced an increase during this period. Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $19,313(29.40%), escalating from a median of $65,687 in 2013 to $85,000 in 2023. Conversely, the age group of 25 to 44 years years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $5,766(8.56%), declining from a median of $67,329 in 2013 to $61,563 in 2023.

Clay Center, OH household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Clay Center 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 10(8.55%) households where the householder is under 25 years old, 32(27.35%) households with a householder aged between 25 and 44 years, 40(34.19%) households with a householder aged between 45 and 64 years, and 35(29.91%) households where the householder is over 65 years old.

In Clay Center, the age group of 45 to 64 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

Clay Center, OH household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Clay Center: 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 Clay Center when compared to the state of Ohio 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 60% of the households in Clay Center, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $69,680 for the state of Ohio. These 6 Clay Center households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
• Householder 25 to 44 years: In Clay Center, among households headed by individuals aged 25 to 44, an impressive 65.62% match or surpass the state of Ohio median income of $69,680. These 21 households, represent a significant portion of the total 32 households in Clay Center within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Clay Center, within the age group of 45 to 64 years, a remarkable 67.50% of households meet or exceed the state of Ohio median income of $69,680. These 27 households, out of the total 40 households in this age cohort, signify a substantial portion of mature demographic of Clay Center, showcasing commendable financial stability in comparison to the Ohio state median income benchmark.
• Householder 65 years and over: In Clay Center, among the over 65 years age group, a noteworthy 48.57% of households either match or surpass the state of Ohio median income of $69,680. These 17 households, constituting notable portion of the Clay Center village senior population, showcase commendable financial stability compared to the Ohio state median income benchmark.

Things to know

Which age group reports the highest median household income in Clay Center, OH?

In Clay Center, households led by individuals aged 45 to 64 years report the highest median household income of $85,000 according to the American Community Survey 2019-2023 5-Year Estimates by the US Census Bureau.

How does the median household income vary by age in Clay Center, OH?

In terms of income distribution across age cohorts, in Clay Center, where there exist only two delineated age groups, the median household income is $85,000 for householders within the 45 to 64 years age group, compared to $61,563 for the 25 to 44 years age group..

How does the median household income for households led by individuals of median age compare in Clay Center, OH?

The median age in Clay Center is 32.3, which falls within the 25 to 44 years range among the four age groups defined by the US Census Bureau. This demographic suggests a dynamic mix of young professionals, often indicative of family formation and career advancement. Interestingly, within Clay Center, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $61,563.

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