Median Household Income by Age of Householder in Kelleys Island, OH (2022, in 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Kelleys Island. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Kelleys Island.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | $61,173 |
| 45 to 64 years | - |
| 65 years and over | $66,542 |
TABLE OF CONTENTS
Kelleys Island, OH 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 Kelleys Island population by age, the median age in Kelleys Island is 65.3 years.
Typically for a location with median age in this range, it suggests a significant population of retirees or older individuals. Interestingly, within Kelleys Island, the age group of 65 years and over also exhibits the highest median household income, recorded at $66,542.
In terms of income distribution across age cohorts, in Kelleys Island, where there exist only two delineated age groups, the median household income is $66,542 for householders within the 65 years and over age group, compared to $61,173 for the 25 to 44 years age group.
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 village of Kelleys Island.
FIGURE 1
Kelleys Island, OH median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Kelleys Island, 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 two age groups with available Census data in both 2012 and 2022, one 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 $26,533(66.32%), escalating from a median of $40,009 in 2012 to $66,542 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 $31,348(33.88%), declining from a median of $92,521 in 2012 to $61,173 in 2022.
Kelleys Island, OH household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Kelleys Island 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 0 households where the householder is under 25 years old, 18(15.38%) households with a householder aged between 25 and 44 years, 36(30.77%) households with a householder aged between 45 and 64 years, and 63(53.85%) households where the householder is over 65 years old.
In Kelleys Island, the age group of 65 years and over 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
Kelleys Island, OH household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Kelleys Island: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Kelleys Island household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Kelleys Island: 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 | - | - | - | - |
| $10,000 - $14,999 | - | - | - | 2 |
| $15,000 - $19,999 | - | - | 4 | 4 |
| $20,000 - $24,999 | - | 1 | - | - |
| $25,000 - $29,999 | - | - | - | - |
| $30,000 - $34,999 | - | - | - | 7 |
| $35,000 - $39,999 | - | - | 6 | 8 |
| $40,000 - $44,999 | - | - | - | - |
| $45,000 - $49,999 | - | - | - | 2 |
| $50,000 - $59,999 | - | 9 | 2 | 4 |
| $60,000 - $74,999 | - | - | - | 10 |
| $75,000 - $99,999 | - | 3 | 10 | 4 |
| $100,000 - $124,999 | - | - | 2 | 11 |
| $125,000 - $149,999 | - | 3 | - | - |
| $150,000 - $199,999 | - | - | - | 8 |
| $200,000 or more | - | 2 | 12 | 3 |
To further explore the income distribution and gain insights into financial landscape of Kelleys Island when compared to the state of Ohio 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: In Kelleys Island, the comparison with the median income of the state and the nation remains inapplicable as there are no households headed by individuals under 25 years old.
- Householder 25 to 44 years: In Kelleys Island, among households headed by individuals aged 25 to 44,worth noting that 44.44% match or surpass the state of Ohio median income of $69,753. These 8 households, represent a notable portion of the total 18 households in Kelleys Island within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Kelleys Island, within the age group of 45 to 64 years, a remarkable 66.67% of households meet or exceed the state of Ohio median income of $69,753. These 24 households, out of the total 36 households in this age cohort, signify a substantial portion of mature demographic of Kelleys Island, showcasing commendable financial stability in comparison to the Ohio state median income benchmark.
- Householder 65 years and over: In Kelleys Island, among the over 65 years age group, an impressive 57.14% of households either match or surpass the state of Ohio median income of $69,753. These 36 households, constituting a significant portion of the Kelleys Island village senior population, showcase commendable financial stability compared to the Ohio state median income benchmark.
Things to know
Which age group reports the highest median household income in Kelleys Island, OH?
In Kelleys Island, households led by individuals aged 65 years and over report the highest median household income of $66,542 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 Kelleys Island, OH?
In terms of income distribution across age cohorts, in Kelleys Island, where there exist only two delineated age groups, the median household income is $66,542 for householders within the 65 years and over age group, compared to $61,173 for the 25 to 44 years age group..
How does the median household income for households led by individuals of median age compare in Kelleys Island, OH?
The median age in Kelleys Island is 65.3, which falls within the 65 years and over range among the four age groups defined by the US Census Bureau. This demographic suggests a significant population of retirees or older individuals. Interestingly, within Kelleys Island, the age group of 65 years and over also exhibits the highest median household income, recorded at $66,542.
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)