Geuda Springs, KS Median Household Income By Age

Geuda Springs, KS 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 Geuda Springs population by age, the median age in Geuda Springs is 35.8 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 Geuda Springs, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $75,979.

In terms of income distribution across age cohorts, in Geuda Springs, where there exist only two delineated age groups, the median household income is $75,979 for householders within the 25 to 44 years age group, compared to $49,459 for 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 Geuda Springs.

FIGURE 1

Geuda Springs, KS median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Geuda Springs, 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 two age groups with available Census data in both 2012 and 2022, none had a decline during this time period. Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $57,642(314.35%), escalating from a median of $18,337 in 2012 to $75,979 in 2022. Conversely, the age group of 65 years and over years witnessed the smallest growth in household income across the same span. Their median income saw a small increase of $19,868(67.14%), increasing from a median of $29,591 in 2012 to $49,459 in 2022.

Geuda Springs, KS household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Geuda Springs 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, 41(48.81%) households with a householder aged between 25 and 44 years, 27(32.14%) households with a householder aged between 45 and 64 years, and 16(19.05%) households where the householder is over 65 years old.

In Geuda Springs, 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

Geuda Springs, KS household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Geuda Springs: 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 Geuda Springs when compared to the state of Kansas 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 Geuda Springs, 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 Geuda Springs, among households headed by individuals aged 25 to 44, an impressive 53.66% match or surpass the state of Kansas median income of $72,624. These 22 households, represent a significant portion of the total 41 households in Geuda Springs within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Geuda Springs, within the age group of 45 to 64 years, a noteworthy 37.04% of households meet or exceed the state of Kansas median income of $72,624. These 10 households, out of the total 27 households in this age cohort, signify a notable portion of mature demographic of Geuda Springs, showcasing commendable financial stability in comparison to the Kansas state median income benchmark.
• Householder 65 years and over: In Geuda Springs, among the over 65 years age group, a noteworthy 43.75% of households either match or surpass the state of Kansas median income of $72,624. These 7 households, constituting notable portion of the Geuda Springs city senior population, showcase commendable financial stability compared to the Kansas state median income benchmark.

Things to know

Which age group reports the highest median household income in Geuda Springs, KS?

In Geuda Springs, households led by individuals aged 25 to 44 years report the highest median household income of $75,979 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 Geuda Springs, KS?

In terms of income distribution across age cohorts, in Geuda Springs, where there exist only two delineated age groups, the median household income is $75,979 for householders within the 25 to 44 years age group, compared to $49,459 for the 65 years and over age group..

How does the median household income for households led by individuals of median age compare in Geuda Springs, KS?

The median age in Geuda Springs is 35.8, 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 Geuda Springs, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $75,979.

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