Mount Pleasant, AR Median Household Income By Age

Mount Pleasant, AR 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 Mount Pleasant population by age, the median age in Mount Pleasant is 54.3 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 45 to 64 years age group in Mount Pleasant. This absence could be attributed to a smaller working population or fewer household heads within this age range, potentially resulting in less reliable or unavailable data for reporting.

In terms of income distribution across age cohorts, Mount Pleasant only reports a median household income of $34,041 among householders in 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 town of Mount Pleasant.

FIGURE 1

Mount Pleasant, AR median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Mount Pleasant, 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 65 years and over age group demonstrated the smallest decline of $4,301(11.22%), declining from a median of $38,342 in 2012 to $34,041 in 2022. Conversely, the age group of 65 years and over years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $4,301(11.22%), declining from a median of $38,342 in 2012 to $34,041 in 2022.

Mount Pleasant, AR household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Mount Pleasant 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(0.95%) households where the householder is under 25 years old, 21(20%) households with a householder aged between 25 and 44 years, 35(33.33%) households with a householder aged between 45 and 64 years, and 48(45.71%) households where the householder is over 65 years old.

In Mount Pleasant, the age group of 65 years and over 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

Mount Pleasant, AR household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Mount Pleasant: 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 Mount Pleasant when compared to the state of Arkansas 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 impressive that 100% of the households in Mount Pleasant, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $58,659 for the state of Arkansas. These 1 Mount Pleasant households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
• Householder 25 to 44 years: In Mount Pleasant, among households headed by individuals aged 25 to 44,worth noting that 47.62% match or surpass the state of Arkansas median income of $58,659. These 10 households, represent a notable portion of the total 21 households in Mount Pleasant within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Mount Pleasant, within the age group of 45 to 64 years, a noteworthy 45.71% of households meet or exceed the state of Arkansas median income of $58,659. These 16 households, out of the total 35 households in this age cohort, signify a notable portion of mature demographic of Mount Pleasant, showcasing commendable financial stability in comparison to the Arkansas state median income benchmark.
• Householder 65 years and over: In Mount Pleasant, among the over 65 years age group, only 16.67% of households either match or surpass the state of Arkansas median income of $58,659. These 8 households, constituting low portion of the Mount Pleasant town senior population, showcase commendable financial stability compared to the Arkansas state median income benchmark.

Things to know

Which age group reports the highest median household income in Mount Pleasant, AR?

In Mount Pleasant, households led by individuals aged 65 years and over report the highest median household income of $34,041 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 Mount Pleasant, AR?

In terms of income distribution across age cohorts, Mount Pleasant only reports a median household income of $34,041 among householders in the 65 years and over age group..

How does the median household income for households led by individuals of median age compare in Mount Pleasant, AR?

The median age in Mount Pleasant is 54.3, 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 45 to 64 years age group in Mount Pleasant. This absence could be attributed to a smaller working population or fewer household heads within this age range, potentially resulting in less reliable or unavailable data for reporting.

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