Leggett, NC Median Household Income By Age

Leggett, NC 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 Leggett population by age, the median age in Leggett is 59.5 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 45 to 64 years age group in Leggett. 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, Leggett only reports a median household income of $40,999 among householders in 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 Leggett.

FIGURE 1

Leggett, NC median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Leggett, 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. Given the absence of data across all age groups in one of the surveyed years (either 2012 or 2022) from the US Census Bureau American Community Survey, conducting a temporal analysis for those age cohorts was unattainable.

Leggett, NC household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Leggett 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, 3(13.04%) households with a householder aged between 25 and 44 years, 5(21.74%) households with a householder aged between 45 and 64 years, and 15(65.22%) households where the householder is over 65 years old.

In Leggett, 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

Leggett, NC household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Leggett: 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 Leggett when compared to the state of North 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 Leggett, 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 Leggett, there are no households led by individuals aged 25 to 44, that meet or surpass the state of North Carolina median income of $68,916. Thus of the total 3 households in Leggett, where the householder is 25-44 years old, none had an income higher than the median state income.
• Householder 45 to 64 years: In Leggett, among households led by individuals aged 45 to 64 years, there are no households that meet or surpass the state of North Carolina median income of $68,916. Hence, of the total 5 households in this age group, none achieved an income higher than the North Carolina state median income range.
• Householder 65 years and over: In Leggett, among the over 65 years age group, only 6.67% of households either match or surpass the state of North Carolina median income of $68,916. These 1 households, constituting low portion of the Leggett town senior population, showcase commendable financial stability compared to the North Carolina state median income benchmark.

Things to know

Which age group reports the highest median household income in Leggett, NC?

In Leggett, households led by individuals aged 65 years and over report the highest median household income of $40,999 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 Leggett, NC?

In terms of income distribution across age cohorts, Leggett only reports a median household income of $40,999 among householders in the 65 years and over age group..

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

The median age in Leggett is 59.5, 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 45 to 64 years age group in Leggett. 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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