Dunn Center, ND Median Household Income By Age

Dunn Center, ND 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 Dunn Center population by age, the median age in Dunn Center is 28.6 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 Dunn Center, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $98,175.

In terms of income distribution across age cohorts, in Dunn Center, the median household income stands at $98,175 for householders within the 25 to 44 years age group, followed by $90,114 for the 45 to 64 years age group. Notably, householders within the under 25 years age group, had the lowest median household income at $63,342.

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 Dunn Center.

FIGURE 1

Dunn Center, ND median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Dunn Center, 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 2012 and 2022, none had an increase in this time period. Notably, household income for individuals within the Under 25 years age group demonstrated the smallest decline of $3,578(5.35%), declining from a median of $66,920 in 2012 to $63,342 in 2022. Conversely, the age group of 45 to 64 years years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $44,083(32.85%), declining from a median of $134,197 in 2012 to $90,114 in 2022.

Dunn Center, ND household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Dunn Center 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 8(5.97%) households where the householder is under 25 years old, 62(46.27%) households with a householder aged between 25 and 44 years, 51(38.06%) households with a householder aged between 45 and 64 years, and 13(9.70%) households where the householder is over 65 years old.

In Dunn Center, 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

Dunn Center, ND household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Dunn Center: 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 Dunn Center when compared to the state of North Dakota 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 25% of the households in Dunn Center, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $77,010 for the state of North Dakota. These 2 Dunn Center households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
• Householder 25 to 44 years: In Dunn Center, among households headed by individuals aged 25 to 44, an impressive 67.74% match or surpass the state of North Dakota median income of $77,010. These 42 households, represent a significant portion of the total 62 households in Dunn Center within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Dunn Center, within the age group of 45 to 64 years, a remarkable 70.59% of households meet or exceed the state of North Dakota median income of $77,010. These 36 households, out of the total 51 households in this age cohort, signify a substantial portion of mature demographic of Dunn Center, showcasing commendable financial stability in comparison to the North Dakota state median income benchmark.
• Householder 65 years and over: In Dunn Center, among the over 65 years age group, a noteworthy 38.46% of households either match or surpass the state of North Dakota median income of $77,010. These 5 households, constituting notable portion of the Dunn Center city senior population, showcase commendable financial stability compared to the North Dakota state median income benchmark.

Things to know

Which age group reports the highest median household income in Dunn Center, ND?

In Dunn Center, households led by individuals aged 25 to 44 years report the highest median household income of $98,175 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 Dunn Center, ND?

In terms of income distribution across age cohorts, in Dunn Center, the median household income stands at $98,175 for householders within the 25 to 44 years age group, followed by $90,114 for the 45 to 64 years age group. Notably, householders within the under 25 years age group, had the lowest median household income at $63,342..

How does the median household income for households led by individuals of median age compare in Dunn Center, ND?

The median age in Dunn Center is 28.6, 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 Dunn Center, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $98,175.

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