East Hodge, LA Median Household Income By Age

East Hodge, 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 Hodge population by age, the median age in East Hodge is 30.6 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 East Hodge, the age group of 25 to 44 years had the second lowest median household income, recorded at $10,413.

In terms of income distribution across age cohorts, in East Hodge, the median household income stands at $30,803 for householders within the 65 years and over age group, followed by $26,978 for the 45 to 64 years age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $10,413.

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 village of East Hodge.

FIGURE 1

East Hodge, LA median household income by age of householder

It offers a clear illustration of the differences in median household incomes in East Hodge, 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, one groups encountered a decline in their median household income, while the remaining two experienced an increase during this period. Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $10,799(53.98%), escalating from a median of $20,004 in 2012 to $30,803 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 $528(1.92%), declining from a median of $27,506 in 2012 to $26,978 in 2022.

East Hodge, LA household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the East Hodge 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, 24(20.51%) households with a householder aged between 25 and 44 years, 28(23.93%) households with a householder aged between 45 and 64 years, and 65(55.56%) households where the householder is over 65 years old.

In East Hodge, 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 Hodge, LA household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in East Hodge: 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 Hodge 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: In East Hodge, 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 East Hodge, there are no households led by individuals aged 25 to 44, that meet or surpass the state of Louisiana median income of $60,238. Thus of the total 24 households in East Hodge, where the householder is 25-44 years old, none had an income higher than the median state income.
• Householder 45 to 64 years: In East Hodge, within the age group of 45 to 64 years, a noteworthy 14.29% of households meet or exceed the state of Louisiana median income of $60,238. These 4 households, out of the total 28 households in this age cohort, signify a notable portion of mature demographic of East Hodge, showcasing commendable financial stability in comparison to the Louisiana state median income benchmark.
• Householder 65 years and over: In East Hodge, among the over 65 years age group, only 23.08% of households either match or surpass the state of Louisiana median income of $60,238. These 15 households, constituting low portion of the East Hodge village 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 Hodge, LA?

In East Hodge, households led by individuals aged 65 years and over report the highest median household income of $30,803 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 Hodge, LA?

In terms of income distribution across age cohorts, in East Hodge, the median household income stands at $30,803 for householders within the 65 years and over age group, followed by $26,978 for the 45 to 64 years age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $10,413..

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

The median age in East Hodge is 30.6, 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 East Hodge, the age group of 25 to 44 years had the second lowest median household income, recorded at $10,413.

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