Median Household Income by Age of Householder in Jim Hogg County, TX (In 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Jim Hogg County. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Jim Hogg County.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | $40,518 |
| 25 to 44 years | $32,204 |
| 45 to 64 years | $53,333 |
| 65 years and over | $43,512 |
TABLE OF CONTENTS
Jim Hogg County, TX 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 Jim Hogg County population by age, the median age in Jim Hogg County is 25 years.
Typically for a location with median age in this range, it likely boasts a youthful population, indication a potential hub for emerging workforce. Interestingly, within Jim Hogg County, the age group of Under 25 years had the second lowest median household income, recorded at $40,518.
In terms of income distribution across age cohorts, in Jim Hogg County, householders within the 45 to 64 years age group have the highest median household income at $53,333, followed by those in the 65 years and over age group with an income of $43,512. Meanwhile householders within the under 25 years age group report the second lowest median household income of $40,518. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $32,204.
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 Jim Hogg County.
FIGURE 1
Jim Hogg County, TX median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Jim Hogg County, 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 four age groups with available Census data in both 2013 and 2023, one groups encountered a decline in their median household income, while the remaining three experienced an increase during this period. Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $12,748(41.44%), escalating from a median of $30,764 in 2013 to $43,512 in 2023. 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 $41,525(56.32%), declining from a median of $73,729 in 2013 to $32,204 in 2023.
Jim Hogg County, TX household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Jim Hogg County 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 111(9.09%) households where the householder is under 25 years old, 401(32.84%) households with a householder aged between 25 and 44 years, 428(35.05%) households with a householder aged between 45 and 64 years, and 281(23.01%) households where the householder is over 65 years old.
In Jim Hogg County, 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
Jim Hogg County, TX household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Jim Hogg County: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Jim Hogg County household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Jim Hogg County: 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 | - | 17 | 25 | 26 |
| $10,000 - $14,999 | - | 78 | 47 | 13 |
| $15,000 - $19,999 | 6 | 7 | 8 | 17 |
| $20,000 - $24,999 | - | 62 | - | 27 |
| $25,000 - $29,999 | - | 3 | - | 2 |
| $30,000 - $34,999 | 35 | 38 | 42 | 6 |
| $35,000 - $39,999 | - | 4 | 5 | 31 |
| $40,000 - $44,999 | 70 | 33 | 19 | 31 |
| $45,000 - $49,999 | - | - | 56 | 26 |
| $50,000 - $59,999 | - | - | 36 | 22 |
| $60,000 - $74,999 | - | 32 | 22 | 47 |
| $75,000 - $99,999 | - | - | 46 | 6 |
| $100,000 - $124,999 | - | 40 | 64 | 11 |
| $125,000 - $149,999 | - | 16 | 26 | 2 |
| $150,000 - $199,999 | - | 65 | 7 | 14 |
| $200,000 or more | - | 6 | 25 | - |
To further explore the income distribution and gain insights into financial landscape of Jim Hogg County when compared to the state of Texas 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 Jim Hogg County, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $76,292 for the state of Texas. 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 Jim Hogg County, among households headed by individuals aged 25 to 44,worth noting that 31.67% match or surpass the state of Texas median income of $76,292. These 127 households, represent a notable portion of the total 401 households in Jim Hogg County within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Jim Hogg County, within the age group of 45 to 64 years, a noteworthy 39.25% of households meet or exceed the state of Texas median income of $76,292. These 168 households, out of the total 428 households in this age cohort, signify a notable portion of mature demographic of Jim Hogg County, showcasing commendable financial stability in comparison to the Texas state median income benchmark.
- Householder 65 years and over: In Jim Hogg County, among the over 65 years age group, only 11.74% of households either match or surpass the state of Texas median income of $76,292. These 33 households, constituting low portion of the Jim Hogg County county senior population, showcase commendable financial stability compared to the Texas state median income benchmark.
Things to know
Which age group reports the highest median household income in Jim Hogg County, TX?
In Jim Hogg County, households led by individuals aged 45 to 64 years report the highest median household income of $53,333 according to the American Community Survey 2019-2023 5-Year Estimates by the US Census Bureau.
How does the median household income vary by age in Jim Hogg County, TX?
In terms of income distribution across age cohorts, in Jim Hogg County, householders within the 45 to 64 years age group have the highest median household income at $53,333, followed by those in the 65 years and over age group with an income of $43,512. Meanwhile householders within the under 25 years age group report the second lowest median household income of $40,518. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $32,204..
How does the median household income for households led by individuals of median age compare in Jim Hogg County, TX?
The median age in Jim Hogg County is 25, which falls within the Under 25 years range among the four age groups defined by the US Census Bureau. This demographic likely boasts a youthful population, indication a potential hub for emerging workforce. Interestingly, within Jim Hogg County, the age group of Under 25 years had the second lowest median household income, recorded at $40,518.
References
- U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)