Lake Tanglewood, TX Median Household Income By Age

Lake Tanglewood, 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 Lake Tanglewood population by age, the median age in Lake Tanglewood is 61.1 years.

Typically for a location with median age in this range, it tends to house more established professionals, possibly reflecting stable households and higher earning poptential. Interestingly, within Lake Tanglewood, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $205,647.

In terms of income distribution across age cohorts, in Lake Tanglewood, the median household income stands at $205,647 for householders within the 45 to 64 years age group, followed by $165,949 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $99,570.

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 Lake Tanglewood.

FIGURE 1

Lake Tanglewood, TX median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Lake Tanglewood, 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 three 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 $36,609(21.66%), escalating from a median of $169,038 in 2012 to $205,647 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 $14,387(9.49%), increasing from a median of $151,562 in 2012 to $165,949 in 2022.

Lake Tanglewood, TX household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Lake Tanglewood 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, 21(6.82%) households with a householder aged between 25 and 44 years, 118(38.31%) households with a householder aged between 45 and 64 years, and 169(54.87%) 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 village of Lake Tanglewood, showcasing varying income levels among different age demographics.

FIGURE 2

Lake Tanglewood, TX household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Lake Tanglewood: 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 Lake Tanglewood 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: In Lake Tanglewood, 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 Lake Tanglewood, among households headed by individuals aged 25 to 44, an impressive 90.48% match or surpass the state of Texas median income of $76,048. These 19 households, represent a significant portion of the total 21 households in Lake Tanglewood within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Lake Tanglewood, within the age group of 45 to 64 years, a remarkable 91.53% of households meet or exceed the state of Texas median income of $76,048. These 108 households, out of the total 118 households in this age cohort, signify a substantial portion of mature demographic of Lake Tanglewood, showcasing commendable financial stability in comparison to the Texas state median income benchmark.
• Householder 65 years and over: In Lake Tanglewood, among the over 65 years age group, an impressive 53.85% of households either match or surpass the state of Texas median income of $76,048. These 91 households, constituting a significant portion of the Lake Tanglewood village 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 Lake Tanglewood, TX?

In Lake Tanglewood, households led by individuals aged 45 to 64 years report the highest median household income of $205,647 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 Lake Tanglewood, TX?

In terms of income distribution across age cohorts, in Lake Tanglewood, the median household income stands at $205,647 for householders within the 45 to 64 years age group, followed by $165,949 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $99,570..

How does the median household income for households led by individuals of median age compare in Lake Tanglewood, TX?

The median age in Lake Tanglewood is 61.1, which falls within the 45 to 64 years range among the four age groups defined by the US Census Bureau. This demographic tends to house more established professionals, possibly reflecting stable households and higher earning poptential. Interestingly, within Lake Tanglewood, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $205,647.

References

Notes