Lincoln City, OR Median Household Income By Age

Lincoln City, OR 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 Lincoln City population by age, the median age in Lincoln City is 50.6 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 Lincoln City, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $59,512.

In terms of income distribution across age cohorts, in Lincoln City, householders within the 25 to 44 years age group have the highest median household income at $68,751, followed by those in the 45 to 64 years age group with an income of $59,512. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $43,844. Notably, householders within the under 25 years age group, had the lowest median household income at $42,373.

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 Lincoln City.

FIGURE 1

Lincoln City, OR median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Lincoln City, 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 four 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 25 to 44 years age group demonstrated a remarkable increase of $29,946(77.17%), escalating from a median of $38,805 in 2012 to $68,751 in 2022. Conversely, the age group of 65 years and over years witnessed the smallest growth in household income across the same span. Their median income saw a small increase of $8,325(23.44%), increasing from a median of $35,519 in 2012 to $43,844 in 2022.

Lincoln City, OR household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Lincoln City 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 85(1.98%) households where the householder is under 25 years old, 870(20.27%) households with a householder aged between 25 and 44 years, 1,507(35.12%) households with a householder aged between 45 and 64 years, and 1,829(42.62%) 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 65 years and over bracket. This distribution hints at economic disparities within the city of Lincoln City, showcasing varying income levels among different age demographics.

FIGURE 2

Lincoln City, OR household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Lincoln City: 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 Lincoln City when compared to the state of Oregon 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 only 11.76% of the households in Lincoln City, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $79,793 for the state of Oregon. These 10 Lincoln City households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
• Householder 25 to 44 years: In Lincoln City, among households headed by individuals aged 25 to 44,worth noting that 36.78% match or surpass the state of Oregon median income of $79,793. These 320 households, represent a notable portion of the total 870 households in Lincoln City within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Lincoln City, within the age group of 45 to 64 years, a noteworthy 36.76% of households meet or exceed the state of Oregon median income of $79,793. These 554 households, out of the total 1,507 households in this age cohort, signify a notable portion of mature demographic of Lincoln City, showcasing commendable financial stability in comparison to the Oregon state median income benchmark.
• Householder 65 years and over: In Lincoln City, among the over 65 years age group, a noteworthy 26.90% of households either match or surpass the state of Oregon median income of $79,793. These 492 households, constituting notable portion of the Lincoln City city senior population, showcase commendable financial stability compared to the Oregon state median income benchmark.

Things to know

Which age group reports the highest median household income in Lincoln City, OR?

In Lincoln City, households led by individuals aged 25 to 44 years report the highest median household income of $68,751 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 Lincoln City, OR?

In terms of income distribution across age cohorts, in Lincoln City, householders within the 25 to 44 years age group have the highest median household income at $68,751, followed by those in the 45 to 64 years age group with an income of $59,512. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $43,844. Notably, householders within the under 25 years age group, had the lowest median household income at $42,373..

How does the median household income for households led by individuals of median age compare in Lincoln City, OR?

The median age in Lincoln City is 50.6, 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 Lincoln City, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $59,512.

References

Notes