Median Household Income by Age of Householder in Greenfield, New Hampshire (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Greenfield town. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Greenfield town.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | $105,727 |
45 to 64 years | $109,501 |
65 years and over | $74,763 |
TABLE OF CONTENTS
Greenfield, New Hampshire 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 Greenfield town population by age, the median age in Greenfield town is 49.4 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 Greenfield town, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $109,501.
In terms of income distribution across age cohorts, in Greenfield town, the median household income stands at $109,501 for householders within the 45 to 64 years age group, followed by $105,727 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $74,763.
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 Greenfield town.
![Greenfield, New Hampshire median household income by age of householder The bar chart shows Greenfield, New Hampshire median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).](https://i.neilsberg.com/ch/greenfield-nh-median-household-income-by-age.jpeg)
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, none had a decline during this time period. Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $18,448(32.76%), escalating from a median of $56,315 in 2011 to $74,763 in 2021. Conversely, the age group of 25 to 44 years years witnessed the smallest growth in household income across the same span. Their median income saw a small increase of $824(0.79%), increasing from a median of $104,903 in 2011 to $105,727 in 2021.
Greenfield, New Hampshire household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Greenfield town 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 22(3.25%) households where the householder is under 25 years old, 111(16.40%) households with a householder aged between 25 and 44 years, 366(54.06%) households with a householder aged between 45 and 64 years, and 178(26.29%) households where the householder is over 65 years old.
In Greenfield town, 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.
![>Greenfield, New Hampshire household income distribution across age groups The bar chart displays the distribution of household income in Greenfield, New Hampshire across different age groups as categorized by the U.S. Census Bureau. It illustrates the number of households within each income bracket across age categories. This visualization offers valuable insights into income disparities and variations across age groups, facilitating data analysis and informed decision-making. It enables the identification of demographics with specific financial statuses within distinct age brackets.](https://i.neilsberg.com/ch/greenfield-nh-household-income-by-age-groups.jpeg)
Age-wise distribution of Greenfield town household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Greenfield town: 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 | 2 | - | 8 | 14 |
$10,000 - $14,999 | - | - | - | 2 |
$15,000 - $19,999 | - | - | 10 | 4 |
$20,000 - $24,999 | - | 3 | 3 | 3 |
$25,000 - $29,999 | - | - | 3 | 12 |
$30,000 - $34,999 | 13 | - | 16 | 10 |
$35,000 - $39,999 | - | 3 | - | 23 |
$40,000 - $44,999 | - | - | 12 | - |
$45,000 - $49,999 | - | 6 | 11 | - |
$50,000 - $59,999 | - | 8 | 12 | 10 |
$60,000 - $74,999 | 7 | 7 | 26 | 17 |
$75,000 - $99,999 | - | 32 | 70 | 36 |
$100,000 - $124,999 | - | 7 | 58 | 13 |
$125,000 - $149,999 | - | 14 | 40 | 6 |
$150,000 - $199,999 | - | 18 | 24 | 20 |
$200,000 or more | - | 13 | 73 | 8 |
To further explore the income distribution and gain insights into financial landscape of Greenfield town when compared to the state of New Hampshire 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 Greenfield town, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $89,992 for the state of New Hampshire. 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 Greenfield town, among households headed by individuals aged 25 to 44, an impressive 75.68% match or surpass the state of New Hampshire median income of $89,992. These 84 households, represent a significant portion of the total 111 households in Greenfield town within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Greenfield town, within the age group of 45 to 64 years, a remarkable 72.40% of households meet or exceed the state of New Hampshire median income of $89,992. These 265 households, out of the total 366 households in this age cohort, signify a substantial portion of mature demographic of Greenfield town, showcasing commendable financial stability in comparison to the New Hampshire state median income benchmark.
- Householder 65 years and over: In Greenfield town, among the over 65 years age group, a noteworthy 46.63% of households either match or surpass the state of New Hampshire median income of $89,992. These 83 households, constituting notable portion of the Greenfield town town senior population, showcase commendable financial stability compared to the New Hampshire state median income benchmark.
Things to know
Which age group reports the highest median household income in Greenfield, New Hampshire?
In Greenfield town, households led by individuals aged 45 to 64 years report the highest median household income of $109,501 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 Greenfield, New Hampshire?
In terms of income distribution across age cohorts, in Greenfield town, the median household income stands at $109,501 for householders within the 45 to 64 years age group, followed by $105,727 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $74,763..
How does the median household income for households led by individuals of median age compare in Greenfield, New Hampshire?
The median age in Greenfield town is 49.4, 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 Greenfield town, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $109,501.
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)