Median Household Income by Age of Householder in Lyons, PA (In 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Lyons. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Lyons.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | $52,929 |
| 45 to 64 years | $75,000 |
| 65 years and over | - |
TABLE OF CONTENTS
Lyons, PA 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 Lyons population by age, the median age in Lyons is 47.8 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 Lyons, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $75,000.
In terms of income distribution across age cohorts, in Lyons, where there exist only two delineated age groups, the median household income is $75,000 for householders within the 45 to 64 years age group, compared to $52,929 for the 25 to 44 years 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 borough of Lyons.
FIGURE 1
Lyons, PA median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Lyons, 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 an increase in this time period. Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $3,825(4.85%), declining from a median of $78,825 in 2013 to $75,000 in 2023. 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 $11,773(18.20%), declining from a median of $64,702 in 2013 to $52,929 in 2023.
Lyons, PA household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Lyons 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 1(0.43%) households where the householder is under 25 years old, 78(33.19%) households with a householder aged between 25 and 44 years, 104(44.26%) households with a householder aged between 45 and 64 years, and 52(22.13%) households where the householder is over 65 years old.
In Lyons, the age group of 45 to 64 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
Lyons, PA household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Lyons: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Lyons household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Lyons: 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 | - | - | 7 | - |
| $10,000 - $14,999 | - | - | 8 | 7 |
| $15,000 - $19,999 | - | - | - | - |
| $20,000 - $24,999 | - | - | - | 13 |
| $25,000 - $29,999 | - | - | - | 5 |
| $30,000 - $34,999 | - | - | - | - |
| $35,000 - $39,999 | - | 17 | 7 | - |
| $40,000 - $44,999 | - | 5 | - | - |
| $45,000 - $49,999 | 1 | - | - | - |
| $50,000 - $59,999 | - | 46 | 16 | 9 |
| $60,000 - $74,999 | - | - | 14 | 3 |
| $75,000 - $99,999 | - | - | 34 | - |
| $100,000 - $124,999 | - | 10 | 16 | 7 |
| $125,000 - $149,999 | - | - | 2 | - |
| $150,000 - $199,999 | - | - | - | 8 |
| $200,000 or more | - | - | - | - |
To further explore the income distribution and gain insights into financial landscape of Lyons 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: It is noteworthy that no households in Lyons, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $76,081 for the state of Pennsylvania. 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 Lyons, among households headed by individuals aged 25 to 44,noteworthy that only 12.82% match or surpass the state of Pennsylvania median income of $76,081. These 10 households, represent a low portion of the total 78 households in Lyons within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Lyons, within the age group of 45 to 64 years, only 50% of households meet or exceed the state of Pennsylvania median income of $76,081. These 52 households, out of the total 104 households in this age cohort, signify a low portion of mature demographic of Lyons, showcasing commendable financial stability in comparison to the Pennsylvania state median income benchmark.
- Householder 65 years and over: In Lyons, among the over 65 years age group, a noteworthy 28.85% of households either match or surpass the state of Pennsylvania median income of $76,081. These 15 households, constituting notable portion of the Lyons borough 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 Lyons, PA?
In Lyons, households led by individuals aged 45 to 64 years report the highest median household income of $75,000 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 Lyons, PA?
In terms of income distribution across age cohorts, in Lyons, where there exist only two delineated age groups, the median household income is $75,000 for householders within the 45 to 64 years age group, compared to $52,929 for the 25 to 44 years age group..
How does the median household income for households led by individuals of median age compare in Lyons, PA?
The median age in Lyons is 47.8, 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 Lyons, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $75,000.
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)