Norman Park, GA Median Household Income By Age

Norman Park, GA 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 Norman Park population by age, the median age in Norman Park is 36.9 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 Norman Park, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $58,977.

In terms of income distribution across age cohorts, in Norman Park, where there exist only two delineated age groups, the median household income is $70,334 for householders within the 45 to 64 years age group, compared to $58,977 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 city of Norman Park.

FIGURE 1

Norman Park, GA median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Norman Park, 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 2012 and 2022, one groups encountered a decline in their median household income, while the remaining one experienced an increase during this period. Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $18,238(35.01%), escalating from a median of $52,096 in 2012 to $70,334 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 $8,987(13.22%), declining from a median of $67,964 in 2012 to $58,977 in 2022.

Norman Park, GA household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Norman Park 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, 163(40.55%) households with a householder aged between 25 and 44 years, 99(24.63%) households with a householder aged between 45 and 64 years, and 140(34.83%) 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 city of Norman Park, showcasing varying income levels among different age demographics.

FIGURE 2

Norman Park, GA household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Norman Park: 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 Norman Park when compared to the state of Georgia 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 Norman Park, 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 Norman Park, among households headed by individuals aged 25 to 44,worth noting that 46.63% match or surpass the state of Georgia median income of $74,298. These 76 households, represent a notable portion of the total 163 households in Norman Park within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Norman Park, within the age group of 45 to 64 years, a remarkable 59.60% of households meet or exceed the state of Georgia median income of $74,298. These 59 households, out of the total 99 households in this age cohort, signify a substantial portion of mature demographic of Norman Park, showcasing commendable financial stability in comparison to the Georgia state median income benchmark.
• Householder 65 years and over: In Norman Park, among the over 65 years age group, only 20% of households either match or surpass the state of Georgia median income of $74,298. These 28 households, constituting low portion of the Norman Park city senior population, showcase commendable financial stability compared to the Georgia state median income benchmark.

Things to know

Which age group reports the highest median household income in Norman Park, GA?

In Norman Park, households led by individuals aged 45 to 64 years report the highest median household income of $70,334 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 Norman Park, GA?

In terms of income distribution across age cohorts, in Norman Park, where there exist only two delineated age groups, the median household income is $70,334 for householders within the 45 to 64 years age group, compared to $58,977 for the 25 to 44 years age group..

How does the median household income for households led by individuals of median age compare in Norman Park, GA?

The median age in Norman Park is 36.9, 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 Norman Park, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $58,977.

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