Median Household Income by Age of Householder in North Charleroi, PA (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in North Charleroi. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in North Charleroi.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | $68,345 |
45 to 64 years | - |
65 years and over | $34,003 |
TABLE OF CONTENTS
North Charleroi, 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 North Charleroi population by age, the median age in North Charleroi is 50.3 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 North Charleroi. 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, in North Charleroi, where there exist only two delineated age groups, the median household income is $68,345 for householders within the 25 to 44 years age group, compared to $34,003 for 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 borough of North Charleroi.
![North Charleroi, PA median household income by age of householder The bar chart shows North Charleroi, PA median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).](https://i.neilsberg.com/ch/north-charleroi-pa-median-household-income-by-age.jpeg)
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 2011 and 2021, none had a decline during this time period. Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $12,228(21.79%), escalating from a median of $56,117 in 2011 to $68,345 in 2021. Conversely, the age group of 65 years and over years witnessed the smallest growth in household income across the same span. Their median income saw a small increase of $7,115(26.46%), increasing from a median of $26,888 in 2011 to $34,003 in 2021.
North Charleroi, PA household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the North Charleroi 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 19(3.07%) households where the householder is under 25 years old, 128(20.71%) households with a householder aged between 25 and 44 years, 294(47.57%) households with a householder aged between 45 and 64 years, and 177(28.64%) 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 borough of North Charleroi, showcasing varying income levels among different age demographics.
![>North Charleroi, PA household income distribution across age groups The bar chart displays the distribution of household income in North Charleroi, PA across different age groups as categorized by the U.S. Census Bureau. It illustrates the number of households within each income bracket across age categories. This visualization offers valuable insights into income disparities and variations across age groups, facilitating data analysis and informed decision-making. It enables the identification of demographics with specific financial statuses within distinct age brackets.](https://i.neilsberg.com/ch/north-charleroi-pa-household-income-by-age-groups.jpeg)
Age-wise distribution of North Charleroi household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in North Charleroi: 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 | 82 | 3 |
$10,000 - $14,999 | - | 2 | 30 | 16 |
$15,000 - $19,999 | - | - | 12 | 25 |
$20,000 - $24,999 | - | 11 | - | 26 |
$25,000 - $29,999 | - | - | 13 | 15 |
$30,000 - $34,999 | - | 23 | 4 | 22 |
$35,000 - $39,999 | - | - | - | 28 |
$40,000 - $44,999 | - | - | 5 | - |
$45,000 - $49,999 | - | - | 3 | 2 |
$50,000 - $59,999 | 5 | 3 | 27 | 3 |
$60,000 - $74,999 | - | 48 | 10 | 13 |
$75,000 - $99,999 | - | 6 | 38 | 10 |
$100,000 - $124,999 | - | 20 | 21 | 4 |
$125,000 - $149,999 | 14 | 2 | 32 | - |
$150,000 - $199,999 | - | 3 | 13 | - |
$200,000 or more | - | - | 4 | 10 |
To further explore the income distribution and gain insights into financial landscape of North Charleroi 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 impressive that 73.68% of the households in North Charleroi, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $71,798 for the state of Pennsylvania. These 14 North Charleroi households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In North Charleroi, among households headed by individuals aged 25 to 44, an impressive 61.72% match or surpass the state of Pennsylvania median income of $71,798. These 79 households, represent a significant portion of the total 128 households in North Charleroi within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In North Charleroi, within the age group of 45 to 64 years, a noteworthy 40.14% of households meet or exceed the state of Pennsylvania median income of $71,798. These 118 households, out of the total 294 households in this age cohort, signify a notable portion of mature demographic of North Charleroi, showcasing commendable financial stability in comparison to the Pennsylvania state median income benchmark.
- Householder 65 years and over: In North Charleroi, among the over 65 years age group, only 20.90% of households either match or surpass the state of Pennsylvania median income of $71,798. These 37 households, constituting low portion of the North Charleroi 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 North Charleroi, PA?
In North Charleroi, households led by individuals aged 25 to 44 years report the highest median household income of $68,345 according to the American Community Survey 2017-2021 5-Year Estimates by the US Census Bureau.
How does the median household income vary by age in North Charleroi, PA?
In terms of income distribution across age cohorts, in North Charleroi, where there exist only two delineated age groups, the median household income is $68,345 for householders within the 25 to 44 years age group, compared to $34,003 for the 65 years and over age group..
How does the median household income for households led by individuals of median age compare in North Charleroi, PA?
The median age in North Charleroi is 50.3, 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 North Charleroi. 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.
References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)