Kobuk, AK Median Household Income By Age

Kobuk, AK 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 Kobuk population by age, the median age in Kobuk is 18.1 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the Under 25 years age group in Kobuk. This absence could be attributed to a smaller working population or fewer household heads within this age range, potentially resulting in less reliable or unavailable data for reporting.

In terms of income distribution across age cohorts, in Kobuk, where there exist only two delineated age groups, the median household income is $119,093 for householders within the 45 to 64 years age group, compared to $33,320 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 city of Kobuk.

FIGURE 1

Kobuk, AK median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Kobuk, 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, none had a decline during this time period. Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $77,417(185.76%), escalating from a median of $41,676 in 2012 to $119,093 in 2022. Conversely, the age group of 25 to 44 years years witnessed the smallest growth in household income across the same span. Their median income saw a small increase of $17,761(114.15%), increasing from a median of $15,559 in 2012 to $33,320 in 2022.

Kobuk, AK household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Kobuk 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, 16(44.44%) households with a householder aged between 25 and 44 years, 13(36.11%) households with a householder aged between 45 and 64 years, and 7(19.44%) 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 city of Kobuk, showcasing varying income levels among different age demographics.

FIGURE 2

Kobuk, AK household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Kobuk: 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 Kobuk when compared to the state of Alaska 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 Kobuk, 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 Kobuk, among households headed by individuals aged 25 to 44,noteworthy that only 18.75% match or surpass the state of Alaska median income of $89,933. These 3 households, represent a low portion of the total 16 households in Kobuk within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Kobuk, within the age group of 45 to 64 years, a remarkable 76.92% of households meet or exceed the state of Alaska median income of $89,933. These 10 households, out of the total 13 households in this age cohort, signify a substantial portion of mature demographic of Kobuk, showcasing commendable financial stability in comparison to the Alaska state median income benchmark.
• Householder 65 years and over: In Kobuk, within the over 65 years age cohort, there are no households that meet or exceed the state of Alaska median income of $89,933. Therefore, among the total number of households in this senior demographic, none have an income higher than the Alaska state median income range.

Things to know

Which age group reports the highest median household income in Kobuk, AK?

In Kobuk, households led by individuals aged 45 to 64 years report the highest median household income of $119,093 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 Kobuk, AK?

In terms of income distribution across age cohorts, in Kobuk, where there exist only two delineated age groups, the median household income is $119,093 for householders within the 45 to 64 years age group, compared to $33,320 for the 25 to 44 years age group..

How does the median household income for households led by individuals of median age compare in Kobuk, AK?

The median age in Kobuk is 18.1, 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the Under 25 years age group in Kobuk. This absence could be attributed to a smaller working population or fewer household heads within this age range, potentially resulting in less reliable or unavailable data for reporting.

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