Median Household Income by Age of Householder in Greene County, AL (2022, in 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Greene County. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Greene County.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | $34,330 |
| 45 to 64 years | $32,467 |
| 65 years and over | $34,642 |
TABLE OF CONTENTS
Greene County, AL 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 Greene County population by age, the median age in Greene County is 41.1 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 Greene County, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $34,330.
In terms of income distribution across age cohorts, in Greene County, the median household income stands at $34,642 for householders within the 65 years and over age group, followed by $34,330 for the 25 to 44 years age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $32,467.
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 county of Greene County.
FIGURE 1
Greene County, AL median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Greene County, 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 $5,325(18.16%), escalating from a median of $29,317 in 2012 to $34,642 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 $3,136(8.81%), declining from a median of $35,603 in 2012 to $32,467 in 2022.
Greene County, AL household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Greene County 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 4(0.14%) households where the householder is under 25 years old, 545(18.98%) households with a householder aged between 25 and 44 years, 1,072(37.33%) households with a householder aged between 45 and 64 years, and 1,251(43.56%) households where the householder is over 65 years old.
In Greene County, 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
Greene County, AL household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Greene County: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Greene County household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Greene County: 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 | - | 37 | 66 | 77 |
| $10,000 - $14,999 | - | 39 | 157 | 284 |
| $15,000 - $19,999 | - | 3 | 93 | 84 |
| $20,000 - $24,999 | - | 31 | 151 | 14 |
| $25,000 - $29,999 | 4 | 136 | 52 | 124 |
| $30,000 - $34,999 | - | 115 | 81 | 111 |
| $35,000 - $39,999 | - | 8 | 20 | 65 |
| $40,000 - $44,999 | - | 2 | 31 | 21 |
| $45,000 - $49,999 | - | 6 | 56 | 2 |
| $50,000 - $59,999 | - | 49 | 17 | 155 |
| $60,000 - $74,999 | - | 5 | 90 | 123 |
| $75,000 - $99,999 | - | 93 | 67 | 130 |
| $100,000 - $124,999 | - | 7 | 118 | 9 |
| $125,000 - $149,999 | - | 14 | 1 | 6 |
| $150,000 - $199,999 | - | - | 14 | 22 |
| $200,000 or more | - | - | 58 | 24 |
To further explore the income distribution and gain insights into financial landscape of Greene County when compared to the state of Alabama 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 Greene County, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $62,068 for the state of Alabama. 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 Greene County, among households headed by individuals aged 25 to 44,noteworthy that only 21.83% match or surpass the state of Alabama median income of $62,068. These 119 households, represent a low portion of the total 545 households in Greene County within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Greene County, within the age group of 45 to 64 years, only 32.46% of households meet or exceed the state of Alabama median income of $62,068. These 348 households, out of the total 1,072 households in this age cohort, signify a low portion of mature demographic of Greene County, showcasing commendable financial stability in comparison to the Alabama state median income benchmark.
- Householder 65 years and over: In Greene County, among the over 65 years age group, a noteworthy 25.10% of households either match or surpass the state of Alabama median income of $62,068. These 314 households, constituting notable portion of the Greene County county senior population, showcase commendable financial stability compared to the Alabama state median income benchmark.
Things to know
Which age group reports the highest median household income in Greene County, AL?
In Greene County, households led by individuals aged 65 years and over report the highest median household income of $34,642 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 Greene County, AL?
In terms of income distribution across age cohorts, in Greene County, the median household income stands at $34,642 for householders within the 65 years and over age group, followed by $34,330 for the 25 to 44 years age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $32,467..
How does the median household income for households led by individuals of median age compare in Greene County, AL?
The median age in Greene County is 41.1, 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 Greene County, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $34,330.
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)