Median Household Income by Age of Householder in Glen Alpine, NC (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Glen Alpine. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Glen Alpine.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | $76,115 |
25 to 44 years | $61,252 |
45 to 64 years | $63,427 |
65 years and over | $36,211 |
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Glen Alpine, NC 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 Glen Alpine population by age, the median age in Glen Alpine is 38.1 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 Glen Alpine, the age group of 25 to 44 years had the second lowest median household income, recorded at $61,252.
In terms of income distribution across age cohorts, in Glen Alpine, householders within the under 25 years age group have the highest median household income at $76,115, followed by those in the 45 to 64 years age group with an income of $63,427. Meanwhile householders within the 25 to 44 years age group report the second lowest median household income of $61,252. Notably, householders within the 65 years and over age group, had the lowest median household income at $36,211.
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 town of Glen Alpine.
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 2011 and 2021, 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 $8,425(30.32%), escalating from a median of $27,786 in 2011 to $36,211 in 2021. 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 $9,194(13.05%), declining from a median of $70,446 in 2011 to $61,252 in 2021.
Glen Alpine, NC household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Glen Alpine 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 15(2.27%) households where the householder is under 25 years old, 200(30.30%) households with a householder aged between 25 and 44 years, 279(42.27%) households with a householder aged between 45 and 64 years, and 166(25.15%) households where the householder is over 65 years old.
The age group of under 25 years exhibits the highest median household income, while the largest number of households falls within the 45 to 64 years bracket. This distribution hints at economic disparities within the town of Glen Alpine, showcasing varying income levels among different age demographics.
Age-wise distribution of Glen Alpine household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Glen Alpine: Under 25 years, 25-44 years, 45-64 years, and over 65 years. This table highlights the variation in household income, offering valuable insights into economic trends and disparities within different age categories.
Household Income Age of Householder | Under 25 years | 25 to 44 years | 45 to 64 years | 65 years and over |
---|---|---|---|---|
Less than $10,000 | - | 4 | 14 | - |
$10,000 - $14,999 | - | 19 | - | - |
$15,000 - $19,999 | - | - | 4 | 39 |
$20,000 - $24,999 | - | 10 | 22 | 28 |
$25,000 - $29,999 | 3 | - | 13 | 12 |
$30,000 - $34,999 | - | 45 | 21 | 10 |
$35,000 - $39,999 | - | - | 19 | 23 |
$40,000 - $44,999 | - | 11 | 23 | 21 |
$45,000 - $49,999 | - | 5 | 7 | - |
$50,000 - $59,999 | - | 9 | 35 | 3 |
$60,000 - $74,999 | 12 | 15 | 42 | 6 |
$75,000 - $99,999 | - | 37 | 37 | 2 |
$100,000 - $124,999 | - | 24 | 34 | - |
$125,000 - $149,999 | - | 9 | 8 | 6 |
$150,000 - $199,999 | - | 12 | - | - |
$200,000 or more | - | - | - | 16 |
To further explore the income distribution and gain insights into financial landscape of Glen Alpine when compared to the state of North Carolina 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 impressive that 80% of the households in Glen Alpine, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $67,481 for the state of North Carolina. These 12 Glen Alpine households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In Glen Alpine, among households headed by individuals aged 25 to 44,worth noting that 48.50% match or surpass the state of North Carolina median income of $67,481. These 97 households, represent a notable portion of the total 200 households in Glen Alpine within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Glen Alpine, within the age group of 45 to 64 years, a noteworthy 43.37% of households meet or exceed the state of North Carolina median income of $67,481. These 121 households, out of the total 279 households in this age cohort, signify a notable portion of mature demographic of Glen Alpine, showcasing commendable financial stability in comparison to the North Carolina state median income benchmark.
- Householder 65 years and over: In Glen Alpine, among the over 65 years age group, only 18.07% of households either match or surpass the state of North Carolina median income of $67,481. These 30 households, constituting low portion of the Glen Alpine town senior population, showcase commendable financial stability compared to the North Carolina state median income benchmark.
Things to know
Which age group reports the highest median household income in Glen Alpine, NC?
In Glen Alpine, households led by individuals aged under 25 years report the highest median household income of $76,115 according to the American Community Survey 2017-2021 5-Year Estimates by the US Census Bureau.
How does the median household income vary by age in Glen Alpine, NC?
In terms of income distribution across age cohorts, in Glen Alpine, householders within the under 25 years age group have the highest median household income at $76,115, followed by those in the 45 to 64 years age group with an income of $63,427. Meanwhile householders within the 25 to 44 years age group report the second lowest median household income of $61,252. Notably, householders within the 65 years and over age group, had the lowest median household income at $36,211..
How does the median household income for households led by individuals of median age compare in Glen Alpine, NC?
The median age in Glen Alpine is 38.1, 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 Glen Alpine, the age group of 25 to 44 years had the second lowest median household income, recorded at $61,252.
References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)