Median Household Income by Age of Householder in North Hudson, New York (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in North Hudson town. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in North Hudson town.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | $71,610 |
45 to 64 years | $66,956 |
65 years and over | - |
TABLE OF CONTENTS
North Hudson, New York 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 Hudson town population by age, the median age in North Hudson town is 54.4 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, within North Hudson town, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $66,956.
In terms of income distribution across age cohorts, in North Hudson town, where there exist only two delineated age groups, the median household income is $71,610 for householders within the 25 to 44 years age group, compared to $66,956 for the 45 to 64 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 North Hudson town.
![North Hudson, New York median household income by age of householder The bar chart shows North Hudson, New York 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-hudson-ny-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 an increase in this time period. Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $20,216(23.19%), declining from a median of $87,172 in 2011 to $66,956 in 2021. 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 $41,714(36.81%), declining from a median of $113,324 in 2011 to $71,610 in 2021.
North Hudson, New York household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the North Hudson town 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, 21(18.75%) households with a householder aged between 25 and 44 years, 58(51.79%) households with a householder aged between 45 and 64 years, and 33(29.46%) 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 town of North Hudson town, showcasing varying income levels among different age demographics.
![>North Hudson, New York household income distribution across age groups The bar chart displays the distribution of household income in North Hudson, New York 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-hudson-ny-household-income-by-age-groups.jpeg)
Age-wise distribution of North Hudson town household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in North Hudson town: 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 | - | 2 | 2 | - |
$10,000 - $14,999 | - | - | - | 2 |
$15,000 - $19,999 | - | 3 | - | 4 |
$20,000 - $24,999 | - | - | 2 | 12 |
$25,000 - $29,999 | - | - | 1 | 1 |
$30,000 - $34,999 | - | 4 | 2 | - |
$35,000 - $39,999 | - | - | 2 | - |
$40,000 - $44,999 | - | - | - | - |
$45,000 - $49,999 | - | - | 2 | - |
$50,000 - $59,999 | - | 1 | 11 | 9 |
$60,000 - $74,999 | - | 2 | 15 | 4 |
$75,000 - $99,999 | - | 4 | 6 | 1 |
$100,000 - $124,999 | - | 2 | - | - |
$125,000 - $149,999 | - | 2 | 12 | - |
$150,000 - $199,999 | - | - | 3 | - |
$200,000 or more | - | 1 | - | - |
To further explore the income distribution and gain insights into financial landscape of North Hudson town when compared to the state of New York 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 North Hudson town, 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 North Hudson town, among households headed by individuals aged 25 to 44,worth noting that 42.86% match or surpass the state of New York median income of $79,557. These 9 households, represent a notable portion of the total 21 households in North Hudson town within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In North Hudson town, within the age group of 45 to 64 years, a noteworthy 36.21% of households meet or exceed the state of New York median income of $79,557. These 21 households, out of the total 58 households in this age cohort, signify a notable portion of mature demographic of North Hudson town, showcasing commendable financial stability in comparison to the New York state median income benchmark.
- Householder 65 years and over: In North Hudson town, among the over 65 years age group, only 3.03% of households either match or surpass the state of New York median income of $79,557. These 1 households, constituting low portion of the North Hudson town town senior population, showcase commendable financial stability compared to the New York state median income benchmark.
Things to know
Which age group reports the highest median household income in North Hudson, New York?
In North Hudson town, households led by individuals aged 25 to 44 years report the highest median household income of $71,610 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 Hudson, New York?
In terms of income distribution across age cohorts, in North Hudson town, where there exist only two delineated age groups, the median household income is $71,610 for householders within the 25 to 44 years age group, compared to $66,956 for the 45 to 64 years age group..
How does the median household income for households led by individuals of median age compare in North Hudson, New York?
The median age in North Hudson town is 54.4, 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, within North Hudson town, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $66,956.
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)