Coffeeville, MS Median Household Income By Age

Coffeeville, MS 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 Coffeeville population by age, the median age in Coffeeville is 40.3 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 25 to 44 years age group in Coffeeville. 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 Coffeeville, where there exist only two delineated age groups, the median household income is $32,935 for householders within the 65 years and over age group, compared to $30,679 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 Coffeeville.

FIGURE 1

Coffeeville, MS median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Coffeeville, 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, 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 65 years and over age group demonstrated a remarkable increase of $11,171(51.33%), escalating from a median of $21,764 in 2012 to $32,935 in 2022. Conversely, the age group of 45 to 64 years years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $13,574(30.67%), declining from a median of $44,253 in 2012 to $30,679 in 2022.

Coffeeville, MS household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Coffeeville 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 6(1.47%) households where the householder is under 25 years old, 108(26.41%) households with a householder aged between 25 and 44 years, 197(48.17%) households with a householder aged between 45 and 64 years, and 98(23.96%) households where the householder is over 65 years old.

The age group of 65 years and over 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 town of Coffeeville, showcasing varying income levels among different age demographics.

FIGURE 2

Coffeeville, MS household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Coffeeville: 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 Coffeeville when compared to the state of Mississippi 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 Coffeeville, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $55,171 for the state of Mississippi. 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 Coffeeville, among households headed by individuals aged 25 to 44,worth noting that 43.52% match or surpass the state of Mississippi median income of $55,171. These 47 households, represent a notable portion of the total 108 households in Coffeeville within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Coffeeville, within the age group of 45 to 64 years, a noteworthy 30.46% of households meet or exceed the state of Mississippi median income of $55,171. These 60 households, out of the total 197 households in this age cohort, signify a notable portion of mature demographic of Coffeeville, showcasing commendable financial stability in comparison to the Mississippi state median income benchmark.
• Householder 65 years and over: In Coffeeville, among the over 65 years age group, a noteworthy 41.84% of households either match or surpass the state of Mississippi median income of $55,171. These 41 households, constituting notable portion of the Coffeeville town senior population, showcase commendable financial stability compared to the Mississippi state median income benchmark.

Things to know

Which age group reports the highest median household income in Coffeeville, MS?

In Coffeeville, households led by individuals aged 65 years and over report the highest median household income of $32,935 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 Coffeeville, MS?

In terms of income distribution across age cohorts, in Coffeeville, where there exist only two delineated age groups, the median household income is $32,935 for householders within the 65 years and over age group, compared to $30,679 for the 45 to 64 years age group..

How does the median household income for households led by individuals of median age compare in Coffeeville, MS?

The median age in Coffeeville is 40.3, 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 25 to 44 years age group in Coffeeville. 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.

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