Hephzibah, GA Median Household Income By Age

Hephzibah, GA 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 Hephzibah population by age, the median age in Hephzibah is 42.2 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 Hephzibah, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $42,952.

In terms of income distribution across age cohorts, in Hephzibah, the median household income stands at $94,338 for householders within the 45 to 64 years age group, followed by $42,952 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 $37,311.

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 Hephzibah.

FIGURE 1

Hephzibah, GA median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Hephzibah, 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, none had an increase in this time period. Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $531(1.40%), declining from a median of $37,842 in 2012 to $37,311 in 2022. 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 $40,997(48.84%), declining from a median of $83,949 in 2012 to $42,952 in 2022.

Hephzibah, GA household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Hephzibah 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 27(2.09%) households where the householder is under 25 years old, 301(23.35%) households with a householder aged between 25 and 44 years, 579(44.92%) households with a householder aged between 45 and 64 years, and 382(29.64%) households where the householder is over 65 years old.

In Hephzibah, 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

Hephzibah, GA household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Hephzibah: 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 Hephzibah when compared to the state of Georgia 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 100% of the households in Hephzibah, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $74,298 for the state of Georgia. These 27 Hephzibah households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
• Householder 25 to 44 years: In Hephzibah, among households headed by individuals aged 25 to 44,worth noting that 34.55% match or surpass the state of Georgia median income of $74,298. These 104 households, represent a notable portion of the total 301 households in Hephzibah within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Hephzibah, within the age group of 45 to 64 years, a remarkable 68.22% of households meet or exceed the state of Georgia median income of $74,298. These 395 households, out of the total 579 households in this age cohort, signify a substantial portion of mature demographic of Hephzibah, showcasing commendable financial stability in comparison to the Georgia state median income benchmark.
• Householder 65 years and over: In Hephzibah, among the over 65 years age group, a noteworthy 35.86% of households either match or surpass the state of Georgia median income of $74,298. These 137 households, constituting notable portion of the Hephzibah city senior population, showcase commendable financial stability compared to the Georgia state median income benchmark.

Things to know

Which age group reports the highest median household income in Hephzibah, GA?

In Hephzibah, households led by individuals aged 45 to 64 years report the highest median household income of $94,338 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 Hephzibah, GA?

In terms of income distribution across age cohorts, in Hephzibah, the median household income stands at $94,338 for householders within the 45 to 64 years age group, followed by $42,952 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 $37,311..

How does the median household income for households led by individuals of median age compare in Hephzibah, GA?

The median age in Hephzibah is 42.2, 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 Hephzibah, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $42,952.

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