North Charleroi, PA Median Household Income By Age

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 51.9 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 $38,692 for householders within the 25 to 44 years age group, compared to $37,471 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.

FIGURE 1

North Charleroi, PA median household income by age of householder

It offers a clear illustration of the differences in median household incomes in North Charleroi, 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 65 years and over age group demonstrated a remarkable increase of $10,428(38.56%), escalating from a median of $27,043 in 2012 to $37,471 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 $25,212(39.45%), declining from a median of $63,904 in 2012 to $38,692 in 2022.

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 21(3.43%) households where the householder is under 25 years old, 154(25.12%) households with a householder aged between 25 and 44 years, 245(39.97%) households with a householder aged between 45 and 64 years, and 193(31.48%) 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.

FIGURE 2

North Charleroi, PA household income distribution across age groups

Household income 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

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 52.38% 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 $76,188 for the state of Pennsylvania. These 11 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,noteworthy that only 20.13% match or surpass the state of Pennsylvania median income of $76,188. These 31 households, represent a low portion of the total 154 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, only 36.73% of households meet or exceed the state of Pennsylvania median income of $76,188. These 90 households, out of the total 245 households in this age cohort, signify a low 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 17.62% of households either match or surpass the state of Pennsylvania median income of $76,188. These 34 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 $38,692 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 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 $38,692 for householders within the 25 to 44 years age group, compared to $37,471 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 51.9, 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.

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