Kiawah Island, SC Median Household Income By Age

Kiawah Island, SC 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 Kiawah Island population by age, the median age in Kiawah Island is 66.8 years.

Typically for a location with median age in this range, it suggests a significant population of retirees or older individuals. Interestingly, within Kiawah Island, the age group of 65 years and over exhibited the second-highest median household income, recorded at $196,796.

In terms of income distribution across age cohorts, in Kiawah Island, where there exist only two delineated age groups, the median household income is $260,314 for householders within the 45 to 64 years age group, compared to $196,796 for the 65 years and over 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 town of Kiawah Island.

FIGURE 1

Kiawah Island, SC median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Kiawah 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 45 to 64 years age group demonstrated a remarkable increase of $65,937(33.92%), escalating from a median of $194,377 in 2012 to $260,314 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 $14,606(6.91%), declining from a median of $211,402 in 2012 to $196,796 in 2022.

Kiawah Island, SC household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Kiawah 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, 5(0.44%) households with a householder aged between 25 and 44 years, 428(37.78%) households with a householder aged between 45 and 64 years, and 700(61.78%) 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 65 years and over bracket. This distribution hints at economic disparities within the town of Kiawah Island, showcasing varying income levels among different age demographics.

FIGURE 2

Kiawah Island, SC household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Kiawah Island: under 25 years, 25-44 years, 45-64 years, and over 65 years

To further explore the income distribution and gain insights into financial landscape of Kiawah Island when compared to the state of South Carolina 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 Kiawah 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 Kiawah Island, among households headed by individuals aged 25 to 44,worth noting that 40% match or surpass the state of South Carolina median income of $66,248. These 2 households, represent a notable portion of the total 5 households in Kiawah Island within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Kiawah Island, within the age group of 45 to 64 years, a remarkable 91.82% of households meet or exceed the state of South Carolina median income of $66,248. These 393 households, out of the total 428 households in this age cohort, signify a substantial portion of mature demographic of Kiawah Island, showcasing commendable financial stability in comparison to the South Carolina state median income benchmark.
• Householder 65 years and over: In Kiawah Island, among the over 65 years age group, an impressive 85.29% of households either match or surpass the state of South Carolina median income of $66,248. These 597 households, constituting a significant portion of the Kiawah Island town senior population, showcase commendable financial stability compared to the South Carolina state median income benchmark.

Things to know

Which age group reports the highest median household income in Kiawah Island, SC?

In Kiawah Island, households led by individuals aged 45 to 64 years report the highest median household income of $260,314 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 Kiawah Island, SC?

In terms of income distribution across age cohorts, in Kiawah Island, where there exist only two delineated age groups, the median household income is $260,314 for householders within the 45 to 64 years age group, compared to $196,796 for the 65 years and over age group..

How does the median household income for households led by individuals of median age compare in Kiawah Island, SC?

The median age in Kiawah Island is 66.8, 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 Kiawah Island, the age group of 65 years and over exhibited the second-highest median household income, recorded at $196,796.

References

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