Median Household Income by Age of Householder in Denali Borough, AK (In 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Denali Borough. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Denali Borough.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | $97,115 |
| 45 to 64 years | $112,500 |
| 65 years and over | $55,000 |
TABLE OF CONTENTS
Denali Borough, AK 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 Denali Borough population by age, the median age in Denali Borough is 44.1 years.
Typically for a location with median age in this range, it tends to house more established professionals, possibly reflecting stable households and higher earning poptential. Interestingly, within Denali Borough, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $112,500.
In terms of income distribution across age cohorts, in Denali Borough, the median household income stands at $112,500 for householders within the 45 to 64 years age group, followed by $97,115 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 $55,000.
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 county of Denali Borough.
FIGURE 1
Denali Borough, AK median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Denali Borough, 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, two 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 45 to 64 years age group demonstrated a remarkable increase of $19,618(21.12%), escalating from a median of $92,882 in 2013 to $112,500 in 2023. 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 $41,615(43.07%), declining from a median of $96,615 in 2013 to $55,000 in 2023.
Denali Borough, AK household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Denali Borough 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 7(1.31%) households where the householder is under 25 years old, 200(37.52%) households with a householder aged between 25 and 44 years, 154(28.89%) households with a householder aged between 45 and 64 years, and 172(32.27%) 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 county of Denali Borough, showcasing varying income levels among different age demographics.
FIGURE 2
Denali Borough, AK household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Denali Borough: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Denali Borough household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Denali Borough: 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 | 5 | 4 | 6 | - |
| $10,000 - $14,999 | - | 3 | 8 | 5 |
| $15,000 - $19,999 | - | 3 | 3 | 10 |
| $20,000 - $24,999 | - | - | 1 | 44 |
| $25,000 - $29,999 | - | 2 | - | 1 |
| $30,000 - $34,999 | - | - | 7 | 6 |
| $35,000 - $39,999 | - | 23 | 3 | 4 |
| $40,000 - $44,999 | - | 2 | 1 | 5 |
| $45,000 - $49,999 | 2 | - | 9 | 6 |
| $50,000 - $59,999 | - | 15 | 1 | 16 |
| $60,000 - $74,999 | - | 11 | 9 | 18 |
| $75,000 - $99,999 | - | 39 | 17 | 23 |
| $100,000 - $124,999 | - | 9 | 22 | 8 |
| $125,000 - $149,999 | - | 19 | 12 | 13 |
| $150,000 - $199,999 | - | 54 | 19 | 7 |
| $200,000 or more | - | 16 | 36 | 6 |
To further explore the income distribution and gain insights into financial landscape of Denali Borough when compared to the state of Alaska 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 Denali Borough, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $89,336 for the state of Alaska. 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 Denali Borough, among households headed by individuals aged 25 to 44, an impressive 68.50% match or surpass the state of Alaska median income of $89,336. These 137 households, represent a significant portion of the total 200 households in Denali Borough within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Denali Borough, within the age group of 45 to 64 years, a remarkable 68.83% of households meet or exceed the state of Alaska median income of $89,336. These 106 households, out of the total 154 households in this age cohort, signify a substantial portion of mature demographic of Denali Borough, showcasing commendable financial stability in comparison to the Alaska state median income benchmark.
- Householder 65 years and over: In Denali Borough, among the over 65 years age group, a noteworthy 33.14% of households either match or surpass the state of Alaska median income of $89,336. These 57 households, constituting notable portion of the Denali Borough county senior population, showcase commendable financial stability compared to the Alaska state median income benchmark.
Things to know
Which age group reports the highest median household income in Denali Borough, AK?
In Denali Borough, households led by individuals aged 45 to 64 years report the highest median household income of $112,500 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 Denali Borough, AK?
In terms of income distribution across age cohorts, in Denali Borough, the median household income stands at $112,500 for householders within the 45 to 64 years age group, followed by $97,115 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 $55,000..
How does the median household income for households led by individuals of median age compare in Denali Borough, AK?
The median age in Denali Borough is 44.1, which falls within the 45 to 64 years range among the four age groups defined by the US Census Bureau. This demographic tends to house more established professionals, possibly reflecting stable households and higher earning poptential. Interestingly, within Denali Borough, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $112,500.
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)
