Median Household Income by Age of Householder in Issaquah, WA (2022, in 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Issaquah. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Issaquah.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | $162,284 |
| 45 to 64 years | $170,772 |
| 65 years and over | $78,506 |
TABLE OF CONTENTS
Issaquah, WA 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 Issaquah population by age, the median age in Issaquah is 36.8 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 Issaquah, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $162,284.
In terms of income distribution across age cohorts, in Issaquah, the median household income stands at $170,772 for householders within the 45 to 64 years age group, followed by $162,284 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 $78,506.
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 Issaquah.
FIGURE 1
Issaquah, WA median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Issaquah, 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 a decline during this time period. Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $34,106(26.61%), escalating from a median of $128,178 in 2012 to $162,284 in 2022. Conversely, the age group of 45 to 64 years years witnessed the smallest growth in household income across the same span. Their median income saw a small increase of $14,904(9.56%), increasing from a median of $155,868 in 2012 to $170,772 in 2022.
Issaquah, WA household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Issaquah 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 220(1.34%) households where the householder is under 25 years old, 7,789(47.45%) households with a householder aged between 25 and 44 years, 5,501(33.51%) households with a householder aged between 45 and 64 years, and 2,905(17.70%) households where the householder is over 65 years old.
The age group of 45 to 64 years exhibits the highest median household income, while the largest number of households falls within the 25 to 44 years bracket. This distribution hints at economic disparities within the city of Issaquah, showcasing varying income levels among different age demographics.
FIGURE 2
Issaquah, WA household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Issaquah: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Issaquah household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Issaquah: 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 | - | 108 | 323 | 133 |
| $10,000 - $14,999 | 28 | 11 | 28 | 52 |
| $15,000 - $19,999 | - | 119 | 139 | 84 |
| $20,000 - $24,999 | - | - | 28 | 232 |
| $25,000 - $29,999 | 61 | 107 | 73 | 157 |
| $30,000 - $34,999 | - | 113 | 35 | 54 |
| $35,000 - $39,999 | - | 17 | 15 | 60 |
| $40,000 - $44,999 | - | 51 | 29 | 114 |
| $45,000 - $49,999 | - | 103 | 44 | 131 |
| $50,000 - $59,999 | - | 163 | 213 | 244 |
| $60,000 - $74,999 | - | 597 | 282 | 185 |
| $75,000 - $99,999 | 31 | 745 | 537 | 259 |
| $100,000 - $124,999 | 41 | 864 | 443 | 392 |
| $125,000 - $149,999 | - | 586 | 468 | 151 |
| $150,000 - $199,999 | 11 | 1,490 | 556 | 278 |
| $200,000 or more | 48 | 2,715 | 2,288 | 379 |
To further explore the income distribution and gain insights into financial landscape of Issaquah when compared to the state of Washington 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 59.55% of the households in Issaquah, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $94,051 for the state of Washington. These 131 Issaquah households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In Issaquah, among households headed by individuals aged 25 to 44, an impressive 82.17% match or surpass the state of Washington median income of $94,051. These 6,400 households, represent a significant portion of the total 7,789 households in Issaquah within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Issaquah, within the age group of 45 to 64 years, a remarkable 78.02% of households meet or exceed the state of Washington median income of $94,051. These 4,292 households, out of the total 5,501 households in this age cohort, signify a substantial portion of mature demographic of Issaquah, showcasing commendable financial stability in comparison to the Washington state median income benchmark.
- Householder 65 years and over: In Issaquah, among the over 65 years age group, an impressive 50.22% of households either match or surpass the state of Washington median income of $94,051. These 1,459 households, constituting a significant portion of the Issaquah city senior population, showcase commendable financial stability compared to the Washington state median income benchmark.
Things to know
Which age group reports the highest median household income in Issaquah, WA?
In Issaquah, households led by individuals aged 45 to 64 years report the highest median household income of $170,772 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 Issaquah, WA?
In terms of income distribution across age cohorts, in Issaquah, the median household income stands at $170,772 for householders within the 45 to 64 years age group, followed by $162,284 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 $78,506..
How does the median household income for households led by individuals of median age compare in Issaquah, WA?
The median age in Issaquah is 36.8, 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 Issaquah, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $162,284.
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)