Median Household Income by Age of Householder in Mertens, TX (2022, in 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Mertens. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Mertens.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | $42,627 |
| 45 to 64 years | $97,617 |
| 65 years and over | - |
TABLE OF CONTENTS
Mertens, 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 Mertens population by age, the median age in Mertens is 30.4 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 Mertens, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $42,627.
In terms of income distribution across age cohorts, in Mertens, where there exist only two delineated age groups, the median household income is $97,617 for householders within the 45 to 64 years age group, compared to $42,627 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 town of Mertens.
FIGURE 1
Mertens, TX median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Mertens, 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. Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $2,201(5.44%), escalating from a median of $40,426 in 2012 to $42,627 in 2022. Conversely, the age group of 25 to 44 years years witnessed the smallest growth in household income across the same span. Their median income saw a small increase of $2,201(5.44%), increasing from a median of $40,426 in 2012 to $42,627 in 2022.
Mertens, TX household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Mertens 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 5(12.20%) households where the householder is under 25 years old, 21(51.22%) households with a householder aged between 25 and 44 years, 7(17.07%) households with a householder aged between 45 and 64 years, and 8(19.51%) households where the householder is over 65 years old.
The age group of 45 to 64 years exhibits the highest median household income, while the largest number of households falls within the 25 to 44 years bracket. This distribution hints at economic disparities within the town of Mertens, showcasing varying income levels among different age demographics.
FIGURE 2
Mertens, TX household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Mertens: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Mertens household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Mertens: 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 | - | - | - | - |
| $10,000 - $14,999 | - | - | - | 5 |
| $15,000 - $19,999 | - | 6 | - | - |
| $20,000 - $24,999 | - | - | - | - |
| $25,000 - $29,999 | - | - | - | - |
| $30,000 - $34,999 | - | - | - | - |
| $35,000 - $39,999 | - | - | - | 1 |
| $40,000 - $44,999 | - | 13 | - | - |
| $45,000 - $49,999 | - | - | - | - |
| $50,000 - $59,999 | - | - | 1 | - |
| $60,000 - $74,999 | 5 | 2 | 2 | 1 |
| $75,000 - $99,999 | - | - | 1 | - |
| $100,000 - $124,999 | - | - | - | - |
| $125,000 - $149,999 | - | - | 3 | 1 |
| $150,000 - $199,999 | - | - | - | - |
| $200,000 or more | - | - | - | - |
To further explore the income distribution and gain insights into financial landscape of Mertens 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 Mertens, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $76,048 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 Mertens, there are no households led by individuals aged 25 to 44, that meet or surpass the state of Texas median income of $76,048. Thus of the total 21 households in Mertens, where the householder is 25-44 years old, none had an income higher than the median state income.
- Householder 45 to 64 years: In Mertens, within the age group of 45 to 64 years, a remarkable 57.14% of households meet or exceed the state of Texas median income of $76,048. These 4 households, out of the total 7 households in this age cohort, signify a substantial portion of mature demographic of Mertens, showcasing commendable financial stability in comparison to the Texas state median income benchmark.
- Householder 65 years and over: In Mertens, among the over 65 years age group, only 12.50% of households either match or surpass the state of Texas median income of $76,048. These 1 households, constituting low portion of the Mertens town 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 Mertens, TX?
In Mertens, households led by individuals aged 45 to 64 years report the highest median household income of $97,617 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 Mertens, TX?
In terms of income distribution across age cohorts, in Mertens, where there exist only two delineated age groups, the median household income is $97,617 for householders within the 45 to 64 years age group, compared to $42,627 for the 25 to 44 years age group..
How does the median household income for households led by individuals of median age compare in Mertens, TX?
The median age in Mertens is 30.4, 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 Mertens, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $42,627.
References
- U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)