Median Household Income by Age of Householder in North Kansas City, MO (In 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in North Kansas City. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in North Kansas City.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | $100,208 |
| 45 to 64 years | $53,628 |
| 65 years and over | $40,118 |
TABLE OF CONTENTS
North Kansas City, MO 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 Kansas City population by age, the median age in North Kansas City is 47.1 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 Kansas City, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $53,628.
In terms of income distribution across age cohorts, in North Kansas City, the median household income stands at $100,208 for householders within the 25 to 44 years age group, followed by $53,628 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $40,118.
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 North Kansas City.
FIGURE 1
North Kansas City, MO median household income by age of householder
It offers a clear illustration of the differences in median household incomes in North Kansas City, 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 three age groups with available Census data in both 2013 and 2023, one groups encountered a decline in their median household income, while the remaining two experienced an increase during this period. Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $41,338(70.22%), escalating from a median of $58,870 in 2013 to $100,208 in 2023. Conversely, the age group of 45 to 64 years years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $5,297(8.99%), declining from a median of $58,925 in 2013 to $53,628 in 2023.
North Kansas City, MO household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the North Kansas City 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 246(8.51%) households where the householder is under 25 years old, 716(24.77%) households with a householder aged between 25 and 44 years, 813(28.12%) households with a householder aged between 45 and 64 years, and 1,116(38.60%) 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 65 years and over bracket. This distribution hints at economic disparities within the city of North Kansas City, showcasing varying income levels among different age demographics.
FIGURE 2
North Kansas City, MO household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in North Kansas City: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of North Kansas City household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in North Kansas City: 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 | - | - | - | - |
| $10,000 - $14,999 | - | - | - | 83 |
| $15,000 - $19,999 | 52 | 42 | 19 | 25 |
| $20,000 - $24,999 | - | - | 89 | 181 |
| $25,000 - $29,999 | 65 | - | 55 | 81 |
| $30,000 - $34,999 | - | 63 | 26 | - |
| $35,000 - $39,999 | - | 35 | 70 | 178 |
| $40,000 - $44,999 | 11 | 32 | 69 | 240 |
| $45,000 - $49,999 | 27 | 26 | 39 | 49 |
| $50,000 - $59,999 | - | 38 | 62 | 92 |
| $60,000 - $74,999 | 91 | 82 | 94 | 88 |
| $75,000 - $99,999 | - | 36 | 124 | 71 |
| $100,000 - $124,999 | - | 87 | 120 | 17 |
| $125,000 - $149,999 | - | 23 | 46 | - |
| $150,000 - $199,999 | - | 239 | - | - |
| $200,000 or more | - | 13 | - | 11 |
To further explore the income distribution and gain insights into financial landscape of North Kansas City when compared to the state of Missouri 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 worth noting that 36.99% of the households in North Kansas City, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $68,920 for the state of Missouri. These 91 North Kansas City households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In North Kansas City, among households headed by individuals aged 25 to 44, an impressive 67.04% match or surpass the state of Missouri median income of $68,920. These 480 households, represent a significant portion of the total 716 households in North Kansas City within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In North Kansas City, within the age group of 45 to 64 years, a noteworthy 47.23% of households meet or exceed the state of Missouri median income of $68,920. These 384 households, out of the total 813 households in this age cohort, signify a notable portion of mature demographic of North Kansas City, showcasing commendable financial stability in comparison to the Missouri state median income benchmark.
- Householder 65 years and over: In North Kansas City, among the over 65 years age group, only 16.76% of households either match or surpass the state of Missouri median income of $68,920. These 187 households, constituting low portion of the North Kansas City city senior population, showcase commendable financial stability compared to the Missouri state median income benchmark.
Things to know
Which age group reports the highest median household income in North Kansas City, MO?
In North Kansas City, households led by individuals aged 25 to 44 years report the highest median household income of $100,208 according to the American Community Survey 2019-2023 5-Year Estimates by the US Census Bureau.
How does the median household income vary by age in North Kansas City, MO?
In terms of income distribution across age cohorts, in North Kansas City, the median household income stands at $100,208 for householders within the 25 to 44 years age group, followed by $53,628 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $40,118..
How does the median household income for households led by individuals of median age compare in North Kansas City, MO?
The median age in North Kansas City is 47.1, 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 Kansas City, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $53,628.
References
- U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)