Little Britain Township, Pennsylvania Median Household Income By Age

Little Britain Township, Pennsylvania 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 Little Britain township population by age, the median age in Little Britain township is 41.7 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 Little Britain township, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $111,190.

In terms of income distribution across age cohorts, in Little Britain township, where there exist only two delineated age groups, the median household income is $111,190 for householders within the 25 to 44 years age group, compared to $61,905 for 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 township of Little Britain township.

FIGURE 1

Little Britain Township, Pennsylvania median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Little Britain township, 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 two age groups with available Census data in both 2013 and 2023, 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 $27,001(32.07%), escalating from a median of $84,189 in 2013 to $111,190 in 2023. 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 $15,392(33.09%), increasing from a median of $46,513 in 2013 to $61,905 in 2023.

Little Britain Township, Pennsylvania household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Little Britain township 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, 328(22.70%) households with a householder aged between 25 and 44 years, 629(43.53%) households with a householder aged between 45 and 64 years, and 488(33.77%) 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 township of Little Britain township, showcasing varying income levels among different age demographics.

FIGURE 2

Little Britain Township, Pennsylvania household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Little Britain township: 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 Little Britain township when compared to the state of Pennsylvania 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 Little Britain township, 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 Little Britain township, among households headed by individuals aged 25 to 44, an impressive 75% match or surpass the state of Pennsylvania median income of $76,081. These 246 households, represent a significant portion of the total 328 households in Little Britain township within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Little Britain township, within the age group of 45 to 64 years, a remarkable 50.87% of households meet or exceed the state of Pennsylvania median income of $76,081. These 320 households, out of the total 629 households in this age cohort, signify a substantial portion of mature demographic of Little Britain township, showcasing commendable financial stability in comparison to the Pennsylvania state median income benchmark.
• Householder 65 years and over: In Little Britain township, among the over 65 years age group, a noteworthy 37.70% of households either match or surpass the state of Pennsylvania median income of $76,081. These 184 households, constituting notable portion of the Little Britain township township senior population, showcase commendable financial stability compared to the Pennsylvania state median income benchmark.

Things to know

Which age group reports the highest median household income in Little Britain Township, Pennsylvania?

In Little Britain township, households led by individuals aged 25 to 44 years report the highest median household income of $111,190 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 Little Britain Township, Pennsylvania?

In terms of income distribution across age cohorts, in Little Britain township, where there exist only two delineated age groups, the median household income is $111,190 for householders within the 25 to 44 years age group, compared to $61,905 for the 65 years and over age group..

How does the median household income for households led by individuals of median age compare in Little Britain Township, Pennsylvania?

The median age in Little Britain township is 41.7, 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 Little Britain township, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $111,190.

References

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