East Ellijay, GA Median Household Income By Age

East Ellijay, GA 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 Ellijay population by age, the median age in East Ellijay is 50.4 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 45 to 64 years age group in East Ellijay. This absence could be attributed to a smaller working population or fewer household heads within this age range, potentially resulting in less reliable or unavailable data for reporting.

In terms of income distribution across age cohorts, East Ellijay only reports a median household income of $23,304 among householders in 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 city of East Ellijay.

FIGURE 1

East Ellijay, GA median household income by age of householder

It offers a clear illustration of the differences in median household incomes in East Ellijay, 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 $5,592(19.35%), declining from a median of $28,896 in 2012 to $23,304 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 $5,592(19.35%), declining from a median of $28,896 in 2012 to $23,304 in 2022.

East Ellijay, GA household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the East Ellijay 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 3(1.04%) households where the householder is under 25 years old, 84(29.07%) households with a householder aged between 25 and 44 years, 66(22.84%) households with a householder aged between 45 and 64 years, and 136(47.06%) households where the householder is over 65 years old.

In East Ellijay, the age group of 65 years and over 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 Ellijay, GA household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in East Ellijay: 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 Ellijay when compared to the state of Georgia 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 East Ellijay, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $74,298 for the state of Georgia. 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 East Ellijay, among households headed by individuals aged 25 to 44,worth noting that 35.71% match or surpass the state of Georgia median income of $74,298. These 30 households, represent a notable portion of the total 84 households in East Ellijay within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In East Ellijay, within the age group of 45 to 64 years, a noteworthy 43.94% of households meet or exceed the state of Georgia median income of $74,298. These 29 households, out of the total 66 households in this age cohort, signify a notable portion of mature demographic of East Ellijay, showcasing commendable financial stability in comparison to the Georgia state median income benchmark.
• Householder 65 years and over: In East Ellijay, among the over 65 years age group, only 16.91% of households either match or surpass the state of Georgia median income of $74,298. These 23 households, constituting low portion of the East Ellijay city senior population, showcase commendable financial stability compared to the Georgia state median income benchmark.

Things to know

Which age group reports the highest median household income in East Ellijay, GA?

In East Ellijay, households led by individuals aged 65 years and over report the highest median household income of $23,304 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 Ellijay, GA?

In terms of income distribution across age cohorts, East Ellijay only reports a median household income of $23,304 among householders in the 65 years and over age group..

How does the median household income for households led by individuals of median age compare in East Ellijay, GA?

The median age in East Ellijay is 50.4, 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 45 to 64 years age group in East Ellijay. This absence could be attributed to a smaller working population or fewer household heads within this age range, potentially resulting in less reliable or unavailable data for reporting.

References

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