Fort Johnson, NY Median Household Income By Age

Fort Johnson, NY 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 Fort Johnson population by age, the median age in Fort Johnson is 39.6 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 Fort Johnson, the age group of 25 to 44 years had the second lowest median household income, recorded at $63,018.

In terms of income distribution across age cohorts, in Fort Johnson, the median household income stands at $78,582 for householders within the 45 to 64 years age group, followed by $75,707 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $63,018.

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 Fort Johnson.

FIGURE 1

Fort Johnson, NY median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Fort Johnson, 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 65 years and over age group demonstrated a remarkable increase of $20,219(36.44%), escalating from a median of $55,488 in 2012 to $75,707 in 2022. Conversely, the age group of 25 to 44 years years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $13,110(17.22%), declining from a median of $76,128 in 2012 to $63,018 in 2022.

Fort Johnson, NY household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Fort Johnson 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 5(2.55%) households where the householder is under 25 years old, 67(34.18%) households with a householder aged between 25 and 44 years, 83(42.35%) households with a householder aged between 45 and 64 years, and 41(20.92%) households where the householder is over 65 years old.

In Fort Johnson, 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

Fort Johnson, NY household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Fort Johnson: 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 Fort Johnson when compared to the state of New York 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 Fort Johnson, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $84,743 for the state of New York. 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 Fort Johnson, among households headed by individuals aged 25 to 44,worth noting that 35.82% match or surpass the state of New York median income of $84,743. These 24 households, represent a notable portion of the total 67 households in Fort Johnson within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Fort Johnson, within the age group of 45 to 64 years, a remarkable 51.81% of households meet or exceed the state of New York median income of $84,743. These 43 households, out of the total 83 households in this age cohort, signify a substantial portion of mature demographic of Fort Johnson, showcasing commendable financial stability in comparison to the New York state median income benchmark.
• Householder 65 years and over: In Fort Johnson, among the over 65 years age group, a noteworthy 36.59% of households either match or surpass the state of New York median income of $84,743. These 15 households, constituting notable portion of the Fort Johnson village senior population, showcase commendable financial stability compared to the New York state median income benchmark.

Things to know

Which age group reports the highest median household income in Fort Johnson, NY?

In Fort Johnson, households led by individuals aged 45 to 64 years report the highest median household income of $78,582 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 Fort Johnson, NY?

In terms of income distribution across age cohorts, in Fort Johnson, the median household income stands at $78,582 for householders within the 45 to 64 years age group, followed by $75,707 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $63,018..

How does the median household income for households led by individuals of median age compare in Fort Johnson, NY?

The median age in Fort Johnson is 39.6, 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 Fort Johnson, the age group of 25 to 44 years had the second lowest median household income, recorded at $63,018.

References

Notes