Median Household Income by Age of Householder in Glenwood City, WI (2022, in 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Glenwood City. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Glenwood City.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | $77,443 |
| 45 to 64 years | $81,185 |
| 65 years and over | - |
TABLE OF CONTENTS
Glenwood City, WI 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 Glenwood City population by age, the median age in Glenwood City is 46.7 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, within Glenwood City, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $81,185.
In terms of income distribution across age cohorts, in Glenwood City, where there exist only two delineated age groups, the median household income is $81,185 for householders within the 45 to 64 years age group, compared to $77,443 for the 25 to 44 years 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 Glenwood City.
FIGURE 1
Glenwood City, WI median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Glenwood City, 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, one 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 25 to 44 years age group demonstrated a remarkable increase of $17,558(29.32%), escalating from a median of $59,885 in 2012 to $77,443 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 $8,502(9.48%), declining from a median of $89,687 in 2012 to $81,185 in 2022.
Glenwood City, WI household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Glenwood City 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(0.92%) households where the householder is under 25 years old, 132(24.31%) households with a householder aged between 25 and 44 years, 225(41.44%) households with a householder aged between 45 and 64 years, and 181(33.33%) households where the householder is over 65 years old.
In Glenwood City, 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
Glenwood City, WI household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Glenwood City: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Glenwood City household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Glenwood City: 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 | - | - | 20 | 8 |
| $10,000 - $14,999 | - | 4 | 1 | 14 |
| $15,000 - $19,999 | - | 10 | 16 | 8 |
| $20,000 - $24,999 | - | 16 | 4 | 6 |
| $25,000 - $29,999 | - | - | - | 13 |
| $30,000 - $34,999 | - | 2 | - | 5 |
| $35,000 - $39,999 | - | 5 | 17 | 4 |
| $40,000 - $44,999 | - | - | - | 7 |
| $45,000 - $49,999 | - | 3 | 2 | 2 |
| $50,000 - $59,999 | - | 10 | 22 | 4 |
| $60,000 - $74,999 | 5 | 17 | 26 | 13 |
| $75,000 - $99,999 | - | 25 | 33 | 20 |
| $100,000 - $124,999 | - | 27 | 28 | 2 |
| $125,000 - $149,999 | - | 3 | 30 | - |
| $150,000 - $199,999 | - | 7 | 15 | 75 |
| $200,000 or more | - | 3 | 11 | - |
To further explore the income distribution and gain insights into financial landscape of Glenwood City when compared to the state of Wisconsin 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 Glenwood City, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $75,447 for the state of Wisconsin. 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 Glenwood City, among households headed by individuals aged 25 to 44,worth noting that 49.24% match or surpass the state of Wisconsin median income of $75,447. These 65 households, represent a notable portion of the total 132 households in Glenwood City within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Glenwood City, within the age group of 45 to 64 years, a remarkable 52% of households meet or exceed the state of Wisconsin median income of $75,447. These 117 households, out of the total 225 households in this age cohort, signify a substantial portion of mature demographic of Glenwood City, showcasing commendable financial stability in comparison to the Wisconsin state median income benchmark.
- Householder 65 years and over: In Glenwood City, among the over 65 years age group, an impressive 53.59% of households either match or surpass the state of Wisconsin median income of $75,447. These 97 households, constituting a significant portion of the Glenwood City city senior population, showcase commendable financial stability compared to the Wisconsin state median income benchmark.
Things to know
Which age group reports the highest median household income in Glenwood City, WI?
In Glenwood City, households led by individuals aged 45 to 64 years report the highest median household income of $81,185 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 Glenwood City, WI?
In terms of income distribution across age cohorts, in Glenwood City, where there exist only two delineated age groups, the median household income is $81,185 for householders within the 45 to 64 years age group, compared to $77,443 for the 25 to 44 years age group..
How does the median household income for households led by individuals of median age compare in Glenwood City, WI?
The median age in Glenwood City is 46.7, 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, within Glenwood City, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $81,185.
References
- U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)