Median Household Income by Age of Householder in Jean Lafitte, LA (2022, in 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Jean Lafitte. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Jean Lafitte.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | $61,448 |
| 45 to 64 years | $87,986 |
| 65 years and over | $42,393 |
TABLE OF CONTENTS
Jean Lafitte, 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 Jean Lafitte population by age, the median age in Jean Lafitte is 35.9 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 Jean Lafitte, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $61,448.
In terms of income distribution across age cohorts, in Jean Lafitte, the median household income stands at $87,986 for householders within the 45 to 64 years age group, followed by $61,448 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 $42,393.
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 Jean Lafitte.
FIGURE 1
Jean Lafitte, LA median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Jean Lafitte, 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 45 to 64 years age group demonstrated a remarkable increase of $13,711(18.46%), escalating from a median of $74,275 in 2012 to $87,986 in 2022. Conversely, the age group of 65 years and over years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $1,992(4.49%), declining from a median of $44,385 in 2012 to $42,393 in 2022.
Jean Lafitte, LA household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Jean Lafitte 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 26(3.28%) households where the householder is under 25 years old, 292(36.87%) households with a householder aged between 25 and 44 years, 268(33.84%) households with a householder aged between 45 and 64 years, and 206(26.01%) 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 town of Jean Lafitte, showcasing varying income levels among different age demographics.
FIGURE 2
Jean Lafitte, LA household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Jean Lafitte: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Jean Lafitte household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Jean Lafitte: 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 | - | 13 | 13 | 4 |
| $10,000 - $14,999 | - | 5 | 40 | 3 |
| $15,000 - $19,999 | 9 | - | 6 | 34 |
| $20,000 - $24,999 | - | - | 4 | 19 |
| $25,000 - $29,999 | - | 22 | 9 | 24 |
| $30,000 - $34,999 | - | 6 | 9 | 14 |
| $35,000 - $39,999 | - | 5 | 10 | 3 |
| $40,000 - $44,999 | - | 5 | - | 12 |
| $45,000 - $49,999 | - | - | 3 | 15 |
| $50,000 - $59,999 | - | 118 | 8 | 5 |
| $60,000 - $74,999 | 5 | 9 | 23 | 10 |
| $75,000 - $99,999 | - | 34 | 15 | 35 |
| $100,000 - $124,999 | - | 32 | 15 | 17 |
| $125,000 - $149,999 | 12 | 15 | 41 | 4 |
| $150,000 - $199,999 | - | 21 | 55 | 5 |
| $200,000 or more | - | 7 | 17 | 2 |
To further explore the income distribution and gain insights into financial landscape of Jean Lafitte 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 impressive that 65.38% of the households in Jean Lafitte, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $60,238 for the state of Louisiana. These 17 Jean Lafitte households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In Jean Lafitte, among households headed by individuals aged 25 to 44,worth noting that 40.41% match or surpass the state of Louisiana median income of $60,238. These 118 households, represent a notable portion of the total 292 households in Jean Lafitte within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Jean Lafitte, within the age group of 45 to 64 years, a remarkable 61.94% of households meet or exceed the state of Louisiana median income of $60,238. These 166 households, out of the total 268 households in this age cohort, signify a substantial portion of mature demographic of Jean Lafitte, showcasing commendable financial stability in comparison to the Louisiana state median income benchmark.
- Householder 65 years and over: In Jean Lafitte, among the over 65 years age group, a noteworthy 35.44% of households either match or surpass the state of Louisiana median income of $60,238. These 73 households, constituting notable portion of the Jean Lafitte town 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 Jean Lafitte, LA?
In Jean Lafitte, households led by individuals aged 45 to 64 years report the highest median household income of $87,986 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 Jean Lafitte, LA?
In terms of income distribution across age cohorts, in Jean Lafitte, the median household income stands at $87,986 for householders within the 45 to 64 years age group, followed by $61,448 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 $42,393..
How does the median household income for households led by individuals of median age compare in Jean Lafitte, LA?
The median age in Jean Lafitte is 35.9, 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 Jean Lafitte, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $61,448.
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)