Median Household Income by Age of Householder in Copperas Cove, TX (2022, in 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Copperas Cove. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Copperas Cove.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | $54,036 |
| 25 to 44 years | $70,998 |
| 45 to 64 years | $75,156 |
| 65 years and over | $52,966 |
TABLE OF CONTENTS
Copperas Cove, TX 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 Copperas Cove population by age, the median age in Copperas Cove is 31.7 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 Copperas Cove, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $70,998.
In terms of income distribution across age cohorts, in Copperas Cove, householders within the 45 to 64 years age group have the highest median household income at $75,156, followed by those in the 25 to 44 years age group with an income of $70,998. Meanwhile householders within the under 25 years age group report the second lowest median household income of $54,036. Notably, householders within the 65 years and over age group, had the lowest median household income at $52,966.
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 Copperas Cove.
FIGURE 1
Copperas Cove, TX median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Copperas Cove, 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 four age groups with available Census data in both 2012 and 2022, three 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 Under 25 years age group demonstrated a remarkable increase of $11,753(27.80%), escalating from a median of $42,283 in 2012 to $54,036 in 2022. Conversely, the age group of 65 years and over years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $10,786(16.92%), declining from a median of $63,752 in 2012 to $52,966 in 2022.
Copperas Cove, TX household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Copperas Cove 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 1,033(7.37%) households where the householder is under 25 years old, 6,100(43.49%) households with a householder aged between 25 and 44 years, 4,249(30.30%) households with a householder aged between 45 and 64 years, and 2,643(18.84%) 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 city of Copperas Cove, showcasing varying income levels among different age demographics.
FIGURE 2
Copperas Cove, TX household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Copperas Cove: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Copperas Cove household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Copperas Cove: 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 | 21 | 109 | 76 | 141 |
| $10,000 - $14,999 | 57 | 81 | 97 | 238 |
| $15,000 - $19,999 | 36 | 210 | 113 | 140 |
| $20,000 - $24,999 | 42 | 387 | 205 | 84 |
| $25,000 - $29,999 | 93 | 282 | 218 | 136 |
| $30,000 - $34,999 | 77 | 323 | 205 | 113 |
| $35,000 - $39,999 | 62 | 440 | 320 | 167 |
| $40,000 - $44,999 | 22 | 69 | 105 | 149 |
| $45,000 - $49,999 | 11 | 276 | 110 | 124 |
| $50,000 - $59,999 | 205 | 401 | 233 | 266 |
| $60,000 - $74,999 | 191 | 770 | 482 | 330 |
| $75,000 - $99,999 | 183 | 1,460 | 546 | 272 |
| $100,000 - $124,999 | 28 | 502 | 585 | 246 |
| $125,000 - $149,999 | - | 334 | 289 | 64 |
| $150,000 - $199,999 | - | 241 | 423 | 91 |
| $200,000 or more | 5 | 215 | 242 | 82 |
To further explore the income distribution and gain insights into financial landscape of Copperas Cove when compared to the state of Texas 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 only 20.91% of the households in Copperas Cove, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $76,048 for the state of Texas. These 216 Copperas Cove households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In Copperas Cove, among households headed by individuals aged 25 to 44,worth noting that 45.11% match or surpass the state of Texas median income of $76,048. These 2,752 households, represent a notable portion of the total 6,100 households in Copperas Cove within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Copperas Cove, within the age group of 45 to 64 years, a noteworthy 49.07% of households meet or exceed the state of Texas median income of $76,048. These 2,085 households, out of the total 4,249 households in this age cohort, signify a notable portion of mature demographic of Copperas Cove, showcasing commendable financial stability in comparison to the Texas state median income benchmark.
- Householder 65 years and over: In Copperas Cove, among the over 65 years age group, a noteworthy 28.57% of households either match or surpass the state of Texas median income of $76,048. These 755 households, constituting notable portion of the Copperas Cove city senior population, showcase commendable financial stability compared to the Texas state median income benchmark.
Things to know
Which age group reports the highest median household income in Copperas Cove, TX?
In Copperas Cove, households led by individuals aged 45 to 64 years report the highest median household income of $75,156 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 Copperas Cove, TX?
In terms of income distribution across age cohorts, in Copperas Cove, householders within the 45 to 64 years age group have the highest median household income at $75,156, followed by those in the 25 to 44 years age group with an income of $70,998. Meanwhile householders within the under 25 years age group report the second lowest median household income of $54,036. Notably, householders within the 65 years and over age group, had the lowest median household income at $52,966..
How does the median household income for households led by individuals of median age compare in Copperas Cove, TX?
The median age in Copperas Cove is 31.7, 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 Copperas Cove, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $70,998.
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)