East Carroll Parish, LA Median Household Income By Age

East Carroll Parish, LA 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 East Carroll Parish population by age, the median age in East Carroll Parish is 33.9 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 East Carroll Parish, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $26,899.

In terms of income distribution across age cohorts, in East Carroll Parish, the median household income stands at $55,856 for householders within the 45 to 64 years age group, followed by $26,899 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 $23,287.

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 East Carroll Parish.

FIGURE 1

East Carroll Parish, LA median household income by age of householder

It offers a clear illustration of the differences in median household incomes in East Carroll Parish, 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, 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 $16,347(41.38%), escalating from a median of $39,509 in 2012 to $55,856 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 $12,912(35.67%), declining from a median of $36,199 in 2012 to $23,287 in 2022.

East Carroll Parish, LA household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the East Carroll Parish 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 205(8.61%) households where the householder is under 25 years old, 486(20.41%) households with a householder aged between 25 and 44 years, 948(39.82%) households with a householder aged between 45 and 64 years, and 742(31.16%) households where the householder is over 65 years old.

In East Carroll Parish, the age group of 45 to 64 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

East Carroll Parish, LA household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in East Carroll Parish: 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 East Carroll Parish when compared to the state of Louisiana 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 21.46% of the households in East Carroll Parish, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $60,238 for the state of Louisiana. These 44 East Carroll Parish households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
• Householder 25 to 44 years: In East Carroll Parish, among households headed by individuals aged 25 to 44,noteworthy that only 22.22% match or surpass the state of Louisiana median income of $60,238. These 108 households, represent a low portion of the total 486 households in East Carroll Parish within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In East Carroll Parish, within the age group of 45 to 64 years, only 40.72% of households meet or exceed the state of Louisiana median income of $60,238. These 386 households, out of the total 948 households in this age cohort, signify a low portion of mature demographic of East Carroll Parish, showcasing commendable financial stability in comparison to the Louisiana state median income benchmark.
• Householder 65 years and over: In East Carroll Parish, among the over 65 years age group, only 24.26% of households either match or surpass the state of Louisiana median income of $60,238. These 180 households, constituting low portion of the East Carroll Parish county senior population, showcase commendable financial stability compared to the Louisiana state median income benchmark.

Things to know

Which age group reports the highest median household income in East Carroll Parish, LA?

In East Carroll Parish, households led by individuals aged 45 to 64 years report the highest median household income of $55,856 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 East Carroll Parish, LA?

In terms of income distribution across age cohorts, in East Carroll Parish, the median household income stands at $55,856 for householders within the 45 to 64 years age group, followed by $26,899 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 $23,287..

How does the median household income for households led by individuals of median age compare in East Carroll Parish, LA?

The median age in East Carroll Parish is 33.9, 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 East Carroll Parish, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $26,899.

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