Crowley, CO Median Household Income By Age

Crowley, CO 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 Crowley population by age, the median age in Crowley is 34.5 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 Crowley, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $57,703.

In terms of income distribution across age cohorts, in Crowley, where there exist only two delineated age groups, the median household income is $57,703 for householders within the 25 to 44 years age group, compared to $35,142 for the 65 years and over 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 Crowley.

FIGURE 1

Crowley, CO median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Crowley, 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. Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $10,940(23.74%), declining from a median of $46,082 in 2012 to $35,142 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 $10,940(23.74%), declining from a median of $46,082 in 2012 to $35,142 in 2022.

Crowley, CO household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Crowley 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 0 households where the householder is under 25 years old, 19(33.93%) households with a householder aged between 25 and 44 years, 18(32.14%) households with a householder aged between 45 and 64 years, and 19(33.93%) households where the householder is over 65 years old.

In Crowley, 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

Crowley, CO household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Crowley: 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 Crowley when compared to the state of Colorado 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: In Crowley, the comparison with the median income of the state and the nation remains inapplicable as there are no households headed by individuals under 25 years old.
• Householder 25 to 44 years: In Crowley, there are no households led by individuals aged 25 to 44, that meet or surpass the state of Colorado median income of $91,212. Thus of the total 19 households in Crowley, where the householder is 25-44 years old, none had an income higher than the median state income.
• Householder 45 to 64 years: In Crowley, within the age group of 45 to 64 years, a noteworthy 5.56% of households meet or exceed the state of Colorado median income of $91,212. These 1 households, out of the total 18 households in this age cohort, signify a notable portion of mature demographic of Crowley, showcasing commendable financial stability in comparison to the Colorado state median income benchmark.
• Householder 65 years and over: In Crowley, within the over 65 years age cohort, there are no households that meet or exceed the state of Colorado median income of $91,212. Therefore, among the total number of households in this senior demographic, none have an income higher than the Colorado state median income range.

Things to know

Which age group reports the highest median household income in Crowley, CO?

In Crowley, households led by individuals aged 25 to 44 years report the highest median household income of $57,703 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 Crowley, CO?

In terms of income distribution across age cohorts, in Crowley, where there exist only two delineated age groups, the median household income is $57,703 for householders within the 25 to 44 years age group, compared to $35,142 for the 65 years and over age group..

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

The median age in Crowley is 34.5, 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 Crowley, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $57,703.

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