Loch Lloyd, MO Median Household Income By Age

Loch Lloyd, MO 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 Loch Lloyd population by age, the median age in Loch Lloyd is 60.1 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 Loch Lloyd, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $192,197.

In terms of income distribution across age cohorts, in Loch Lloyd, the median household income stands at $196,970 for householders within the 25 to 44 years age group, followed by $192,197 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $142,883.

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 Loch Lloyd.

FIGURE 1

Loch Lloyd, MO median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Loch Lloyd, 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 an increase in this time period. Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $27,822(16.30%), declining from a median of $170,705 in 2012 to $142,883 in 2022. Conversely, the age group of 25 to 44 years years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $131,020(39.95%), declining from a median of $327,990 in 2012 to $196,970 in 2022.

Loch Lloyd, MO household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Loch Lloyd 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, 20(5.73%) households with a householder aged between 25 and 44 years, 193(55.30%) households with a householder aged between 45 and 64 years, and 136(38.97%) 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 village of Loch Lloyd, showcasing varying income levels among different age demographics.

FIGURE 2

Loch Lloyd, MO household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Loch Lloyd: 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 Loch Lloyd when compared to the state of Missouri 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 Loch Lloyd, 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 Loch Lloyd, among households headed by individuals aged 25 to 44, an impressive 95% match or surpass the state of Missouri median income of $68,639. These 19 households, represent a significant portion of the total 20 households in Loch Lloyd within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Loch Lloyd, within the age group of 45 to 64 years, a remarkable 87.05% of households meet or exceed the state of Missouri median income of $68,639. These 168 households, out of the total 193 households in this age cohort, signify a substantial portion of mature demographic of Loch Lloyd, showcasing commendable financial stability in comparison to the Missouri state median income benchmark.
• Householder 65 years and over: In Loch Lloyd, among the over 65 years age group, an impressive 81.62% of households either match or surpass the state of Missouri median income of $68,639. These 111 households, constituting a significant portion of the Loch Lloyd village senior population, showcase commendable financial stability compared to the Missouri state median income benchmark.

Things to know

Which age group reports the highest median household income in Loch Lloyd, MO?

In Loch Lloyd, households led by individuals aged 25 to 44 years report the highest median household income of $196,970 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 Loch Lloyd, MO?

In terms of income distribution across age cohorts, in Loch Lloyd, the median household income stands at $196,970 for householders within the 25 to 44 years age group, followed by $192,197 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $142,883..

How does the median household income for households led by individuals of median age compare in Loch Lloyd, MO?

The median age in Loch Lloyd is 60.1, 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 Loch Lloyd, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $192,197.

References

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