Median Household Income by Age of Householder in Coldwater, OH (In 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Coldwater. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Coldwater.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | $89,214 |
| 45 to 64 years | $112,000 |
| 65 years and over | $48,841 |
TABLE OF CONTENTS
Coldwater, 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 Coldwater population by age, the median age in Coldwater is 32.1 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 Coldwater, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $89,214.
In terms of income distribution across age cohorts, in Coldwater, the median household income stands at $112,000 for householders within the 45 to 64 years age group, followed by $89,214 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $48,841.
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 Coldwater.
FIGURE 1
Coldwater, OH median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Coldwater, 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 three age groups with available Census data in both 2013 and 2023, one groups encountered a decline in their median household income, while the remaining two experienced an increase during this period. Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $19,761(67.95%), escalating from a median of $29,080 in 2013 to $48,841 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 $7,910(8.14%), declining from a median of $97,124 in 2013 to $89,214 in 2023.
Coldwater, OH household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Coldwater 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 45(2.89%) households where the householder is under 25 years old, 636(40.80%) households with a householder aged between 25 and 44 years, 540(34.64%) households with a householder aged between 45 and 64 years, and 338(21.68%) households where the householder is over 65 years old.
The age group of 45 to 64 years exhibits the highest median household income, while the largest number of households falls within the 25 to 44 years bracket. This distribution hints at economic disparities within the village of Coldwater, showcasing varying income levels among different age demographics.
FIGURE 2
Coldwater, OH household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Coldwater: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Coldwater household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Coldwater: 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 | 1 | - | - | - |
| $10,000 - $14,999 | - | - | - | - |
| $15,000 - $19,999 | - | - | 32 | 41 |
| $20,000 - $24,999 | - | 26 | - | 61 |
| $25,000 - $29,999 | - | - | 32 | - |
| $30,000 - $34,999 | - | 18 | 4 | 22 |
| $35,000 - $39,999 | - | 6 | - | - |
| $40,000 - $44,999 | - | - | 13 | 23 |
| $45,000 - $49,999 | 25 | 83 | 34 | 41 |
| $50,000 - $59,999 | - | 45 | 13 | 34 |
| $60,000 - $74,999 | 19 | 54 | 32 | 70 |
| $75,000 - $99,999 | - | 124 | 90 | 39 |
| $100,000 - $124,999 | - | 148 | 75 | - |
| $125,000 - $149,999 | - | 68 | 97 | 7 |
| $150,000 - $199,999 | - | 45 | 93 | - |
| $200,000 or more | - | 19 | 25 | - |
To further explore the income distribution and gain insights into financial landscape of Coldwater 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 worth noting that 42.22% of the households in Coldwater, 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 19 Coldwater households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In Coldwater, among households headed by individuals aged 25 to 44, an impressive 72.01% match or surpass the state of Ohio median income of $69,680. These 458 households, represent a significant portion of the total 636 households in Coldwater within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Coldwater, within the age group of 45 to 64 years, a remarkable 76.30% of households meet or exceed the state of Ohio median income of $69,680. These 412 households, out of the total 540 households in this age cohort, signify a substantial portion of mature demographic of Coldwater, showcasing commendable financial stability in comparison to the Ohio state median income benchmark.
- Householder 65 years and over: In Coldwater, among the over 65 years age group, a noteworthy 34.32% of households either match or surpass the state of Ohio median income of $69,680. These 116 households, constituting notable portion of the Coldwater 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 Coldwater, OH?
In Coldwater, households led by individuals aged 45 to 64 years report the highest median household income of $112,000 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 Coldwater, OH?
In terms of income distribution across age cohorts, in Coldwater, the median household income stands at $112,000 for householders within the 45 to 64 years age group, followed by $89,214 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $48,841..
How does the median household income for households led by individuals of median age compare in Coldwater, OH?
The median age in Coldwater is 32.1, 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 Coldwater, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $89,214.
References
- U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)
