Median Household Income by Age of Householder in Krotz Springs, LA (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Krotz Springs. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Krotz Springs.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | $25,537 |
45 to 64 years | - |
65 years and over | - |
TABLE OF CONTENTS
Krotz Springs, 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 Krotz Springs population by age, the median age in Krotz Springs is 43.7 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 Krotz Springs, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $25,537.
In terms of income distribution across age cohorts, Krotz Springs only reports a median household income of $25,537 among householders in 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 town of Krotz Springs.
![Krotz Springs, LA median household income by age of householder The bar chart shows Krotz Springs, LA median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).](https://i.neilsberg.com/ch/krotz-springs-la-median-household-income-by-age.jpeg)
Analysis of income trends over the past decade highlights notable shifts across various age groups. Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $4,573(21.81%), escalating from a median of $20,964 in 2011 to $25,537 in 2021. 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 $4,573(21.81%), increasing from a median of $20,964 in 2011 to $25,537 in 2021.
Krotz Springs, LA household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Krotz Springs 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 10(2.97%) households where the householder is under 25 years old, 115(34.12%) households with a householder aged between 25 and 44 years, 141(41.84%) households with a householder aged between 45 and 64 years, and 71(21.07%) households where the householder is over 65 years old.
The age group of 25 to 44 years exhibits the highest median household income, while the largest number of households falls within the 45 to 64 years bracket. This distribution hints at economic disparities within the town of Krotz Springs, showcasing varying income levels among different age demographics.
![>Krotz Springs, LA household income distribution across age groups The bar chart displays the distribution of household income in Krotz Springs, LA across different age groups as categorized by the U.S. Census Bureau. It illustrates the number of households within each income bracket across age categories. This visualization offers valuable insights into income disparities and variations across age groups, facilitating data analysis and informed decision-making. It enables the identification of demographics with specific financial statuses within distinct age brackets.](https://i.neilsberg.com/ch/krotz-springs-la-household-income-by-age-groups.jpeg)
Age-wise distribution of Krotz Springs household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Krotz Springs: 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 | 27 | - | 27 |
$10,000 - $14,999 | - | - | 22 | 9 |
$15,000 - $19,999 | - | 17 | 15 | - |
$20,000 - $24,999 | - | 19 | - | - |
$25,000 - $29,999 | - | - | 21 | 8 |
$30,000 - $34,999 | - | 10 | - | - |
$35,000 - $39,999 | - | 11 | - | 3 |
$40,000 - $44,999 | - | - | - | 8 |
$45,000 - $49,999 | - | - | - | - |
$50,000 - $59,999 | - | 11 | - | 9 |
$60,000 - $74,999 | - | - | - | - |
$75,000 - $99,999 | - | - | - | - |
$100,000 - $124,999 | - | 10 | 65 | - |
$125,000 - $149,999 | - | 10 | - | - |
$150,000 - $199,999 | - | - | 18 | - |
$200,000 or more | - | - | - | 7 |
To further explore the income distribution and gain insights into financial landscape of Krotz Springs 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 noteworthy that no households in Krotz Springs, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $55,416 for the state of Louisiana. 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 Krotz Springs, among households headed by individuals aged 25 to 44,worth noting that 26.96% match or surpass the state of Louisiana median income of $55,416. These 31 households, represent a notable portion of the total 115 households in Krotz Springs within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Krotz Springs, within the age group of 45 to 64 years, a remarkable 58.87% of households meet or exceed the state of Louisiana median income of $55,416. These 83 households, out of the total 141 households in this age cohort, signify a substantial portion of mature demographic of Krotz Springs, showcasing commendable financial stability in comparison to the Louisiana state median income benchmark.
- Householder 65 years and over: In Krotz Springs, among the over 65 years age group, only 22.54% of households either match or surpass the state of Louisiana median income of $55,416. These 16 households, constituting low portion of the Krotz Springs 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 Krotz Springs, LA?
In Krotz Springs, households led by individuals aged 25 to 44 years report the highest median household income of $25,537 according to the American Community Survey 2017-2021 5-Year Estimates by the US Census Bureau.
How does the median household income vary by age in Krotz Springs, LA?
In terms of income distribution across age cohorts, Krotz Springs only reports a median household income of $25,537 among householders in the 25 to 44 years age group..
How does the median household income for households led by individuals of median age compare in Krotz Springs, LA?
The median age in Krotz Springs is 43.7, 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 Krotz Springs, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $25,537.
References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)