Columbia Falls, MT Median Household Income By Age

Columbia Falls, MT 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 Columbia Falls population by age, the median age in Columbia Falls is 37.5 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 Columbia Falls, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $77,681.

In terms of income distribution across age cohorts, in Columbia Falls, where there exist only two delineated age groups, the median household income is $77,681 for householders within the 25 to 44 years age group, compared to $70,992 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 city of Columbia Falls.

FIGURE 1

Columbia Falls, MT median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Columbia Falls, 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 45 to 64 years age group demonstrated a remarkable increase of $25,043(54.50%), escalating from a median of $45,949 in 2012 to $70,992 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 $7,264(10.32%), increasing from a median of $70,417 in 2012 to $77,681 in 2022.

Columbia Falls, MT household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Columbia Falls 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 29(1.41%) households where the householder is under 25 years old, 965(46.75%) households with a householder aged between 25 and 44 years, 689(33.38%) households with a householder aged between 45 and 64 years, and 381(18.46%) households where the householder is over 65 years old.

In Columbia Falls, 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

Columbia Falls, MT household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Columbia Falls: 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 Columbia Falls when compared to the state of Montana 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 Columbia Falls, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $69,078 for the state of Montana. 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 Columbia Falls, among households headed by individuals aged 25 to 44, an impressive 57.51% match or surpass the state of Montana median income of $69,078. These 555 households, represent a significant portion of the total 965 households in Columbia Falls within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Columbia Falls, within the age group of 45 to 64 years, a remarkable 57.62% of households meet or exceed the state of Montana median income of $69,078. These 397 households, out of the total 689 households in this age cohort, signify a substantial portion of mature demographic of Columbia Falls, showcasing commendable financial stability in comparison to the Montana state median income benchmark.
• Householder 65 years and over: In Columbia Falls, among the over 65 years age group, a noteworthy 35.43% of households either match or surpass the state of Montana median income of $69,078. These 135 households, constituting notable portion of the Columbia Falls city senior population, showcase commendable financial stability compared to the Montana state median income benchmark.

Things to know

Which age group reports the highest median household income in Columbia Falls, MT?

In Columbia Falls, households led by individuals aged 25 to 44 years report the highest median household income of $77,681 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 Columbia Falls, MT?

In terms of income distribution across age cohorts, in Columbia Falls, where there exist only two delineated age groups, the median household income is $77,681 for householders within the 25 to 44 years age group, compared to $70,992 for the 45 to 64 years age group..

How does the median household income for households led by individuals of median age compare in Columbia Falls, MT?

The median age in Columbia Falls is 37.5, 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 Columbia Falls, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $77,681.

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