Median Household Income by Age of Householder in Jackson Parish, LA (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Jackson Parish. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Jackson Parish.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | $49,824 |
45 to 64 years | $52,431 |
65 years and over | $43,269 |
TABLE OF CONTENTS
Jackson Parish, LA 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 Jackson Parish population by age, the median age in Jackson Parish is 41 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 Jackson Parish, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $49,824.
In terms of income distribution across age cohorts, in Jackson Parish, the median household income stands at $52,431 for householders within the 45 to 64 years age group, followed by $49,824 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 $43,269.
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 Jackson Parish.
![Jackson Parish, LA median household income by age of householder The bar chart shows Jackson Parish, LA 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/jackson-parish-la-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, 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 $3,393(8.51%), escalating from a median of $39,876 in 2011 to $43,269 in 2021. 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 $6,431(10.93%), declining from a median of $58,862 in 2011 to $52,431 in 2021.
Jackson Parish, LA household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Jackson Parish 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 131(2.44%) households where the householder is under 25 years old, 1,286(23.97%) households with a householder aged between 25 and 44 years, 2,013(37.53%) households with a householder aged between 45 and 64 years, and 1,934(36.06%) households where the householder is over 65 years old.
In Jackson Parish, 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.
![>Jackson Parish, LA household income distribution across age groups The bar chart displays the distribution of household income in Jackson Parish, LA 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/jackson-parish-la-household-income-by-age-groups.jpeg)
Age-wise distribution of Jackson Parish household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Jackson Parish: 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 | 32 | 145 | 258 | 146 |
$10,000 - $14,999 | 43 | 54 | 99 | 173 |
$15,000 - $19,999 | 5 | 89 | 109 | 111 |
$20,000 - $24,999 | 6 | 53 | 73 | 112 |
$25,000 - $29,999 | - | 48 | 92 | 197 |
$30,000 - $34,999 | - | 40 | 131 | 138 |
$35,000 - $39,999 | 13 | 157 | 149 | 88 |
$40,000 - $44,999 | - | 43 | 42 | 220 |
$45,000 - $49,999 | - | 79 | 78 | 60 |
$50,000 - $59,999 | 18 | 121 | 104 | 216 |
$60,000 - $74,999 | 8 | 193 | 205 | 144 |
$75,000 - $99,999 | 1 | 112 | 261 | 119 |
$100,000 - $124,999 | - | 90 | 136 | 106 |
$125,000 - $149,999 | - | 41 | 85 | 10 |
$150,000 - $199,999 | 5 | 4 | 76 | 20 |
$200,000 or more | - | 17 | 115 | 74 |
To further explore the income distribution and gain insights into financial landscape of Jackson Parish when compared to the state of Louisiana 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 only 24.43% of the households in Jackson Parish, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $55,416 for the state of Louisiana. These 32 Jackson Parish households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In Jackson Parish, among households headed by individuals aged 25 to 44,worth noting that 44.95% match or surpass the state of Louisiana median income of $55,416. These 578 households, represent a notable portion of the total 1,286 households in Jackson Parish within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Jackson Parish, within the age group of 45 to 64 years, a noteworthy 48.78% of households meet or exceed the state of Louisiana median income of $55,416. These 982 households, out of the total 2,013 households in this age cohort, signify a notable portion of mature demographic of Jackson Parish, showcasing commendable financial stability in comparison to the Louisiana state median income benchmark.
- Householder 65 years and over: In Jackson Parish, among the over 65 years age group, a noteworthy 35.63% of households either match or surpass the state of Louisiana median income of $55,416. These 689 households, constituting notable portion of the Jackson Parish county senior population, showcase commendable financial stability compared to the Louisiana state median income benchmark.
Things to know
Which age group reports the highest median household income in Jackson Parish, LA?
In Jackson Parish, households led by individuals aged 45 to 64 years report the highest median household income of $52,431 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 Jackson Parish, LA?
In terms of income distribution across age cohorts, in Jackson Parish, the median household income stands at $52,431 for householders within the 45 to 64 years age group, followed by $49,824 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 $43,269..
How does the median household income for households led by individuals of median age compare in Jackson Parish, LA?
The median age in Jackson Parish is 41, 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 Jackson Parish, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $49,824.
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)