Median Household Income by Age of Householder in Liberty Hill, TX (In 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Liberty Hill. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Liberty Hill.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | $72,500 |
| 25 to 44 years | $113,178 |
| 45 to 64 years | - |
| 65 years and over | $76,875 |
TABLE OF CONTENTS
Liberty Hill, 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 Liberty Hill population by age, the median age in Liberty Hill is 30.7 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 Liberty Hill, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $113,178.
In terms of income distribution across age cohorts, in Liberty Hill, the median household income stands at $113,178 for householders within the 25 to 44 years age group, followed by $76,875 for the 65 years and over age group. Notably, householders within the under 25 years age group, had the lowest median household income at $72,500.
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 Liberty Hill.
FIGURE 1
Liberty Hill, TX median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Liberty Hill, 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 2013 and 2023, one groups encountered a decline in their median household income, while the remaining two experienced an increase during this period. Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $31,442(69.21%), escalating from a median of $45,433 in 2013 to $76,875 in 2023. Conversely, the age group of Under 25 years years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $4,354(5.67%), declining from a median of $76,854 in 2013 to $72,500 in 2023.
Liberty Hill, TX household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Liberty Hill 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 42(2.33%) households where the householder is under 25 years old, 850(47.07%) households with a householder aged between 25 and 44 years, 818(45.29%) households with a householder aged between 45 and 64 years, and 96(5.32%) households where the householder is over 65 years old.
In Liberty Hill, the age group of 25 to 44 years 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
Liberty Hill, TX household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Liberty Hill: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Liberty Hill household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Liberty Hill: 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 | - | - | 13 | - |
| $10,000 - $14,999 | - | - | 8 | 12 |
| $15,000 - $19,999 | - | - | 10 | 5 |
| $20,000 - $24,999 | - | - | 17 | 3 |
| $25,000 - $29,999 | - | - | 6 | - |
| $30,000 - $34,999 | - | 14 | 17 | - |
| $35,000 - $39,999 | - | 20 | 4 | - |
| $40,000 - $44,999 | 6 | 5 | 8 | - |
| $45,000 - $49,999 | - | 9 | 146 | - |
| $50,000 - $59,999 | - | 13 | 23 | 5 |
| $60,000 - $74,999 | 36 | 7 | 159 | 20 |
| $75,000 - $99,999 | - | 60 | 16 | 22 |
| $100,000 - $124,999 | - | 556 | 75 | 4 |
| $125,000 - $149,999 | - | 43 | 105 | - |
| $150,000 - $199,999 | - | 66 | 105 | 16 |
| $200,000 or more | - | 57 | 106 | 9 |
To further explore the income distribution and gain insights into financial landscape of Liberty Hill 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: It is noteworthy that no households in Liberty Hill, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $76,292 for the state of Texas. 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 Liberty Hill, among households headed by individuals aged 25 to 44, an impressive 92% match or surpass the state of Texas median income of $76,292. These 782 households, represent a significant portion of the total 850 households in Liberty Hill within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Liberty Hill, within the age group of 45 to 64 years, a noteworthy 49.76% of households meet or exceed the state of Texas median income of $76,292. These 407 households, out of the total 818 households in this age cohort, signify a notable portion of mature demographic of Liberty Hill, showcasing commendable financial stability in comparison to the Texas state median income benchmark.
- Householder 65 years and over: In Liberty Hill, among the over 65 years age group, an impressive 53.12% of households either match or surpass the state of Texas median income of $76,292. These 51 households, constituting a significant portion of the Liberty Hill city 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 Liberty Hill, TX?
In Liberty Hill, households led by individuals aged 25 to 44 years report the highest median household income of $113,178 according to the American Community Survey 2019-2023 5-Year Estimates by the US Census Bureau.
How does the median household income vary by age in Liberty Hill, TX?
In terms of income distribution across age cohorts, in Liberty Hill, the median household income stands at $113,178 for householders within the 25 to 44 years age group, followed by $76,875 for the 65 years and over age group. Notably, householders within the under 25 years age group, had the lowest median household income at $72,500..
How does the median household income for households led by individuals of median age compare in Liberty Hill, TX?
The median age in Liberty Hill is 30.7, 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 Liberty Hill, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $113,178.
References
- U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)