Oconee County, GA Median Household Income By Age

Oconee County, 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 Oconee County population by age, the median age in Oconee County is 41.2 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 Oconee County, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $138,567.

In terms of income distribution across age cohorts, in Oconee County, householders within the 45 to 64 years age group have the highest median household income at $144,275, followed by those in the 25 to 44 years age group with an income of $138,567. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $72,277. Notably, householders within the under 25 years age group, had the lowest median household income at $70,966.

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 county of Oconee County.

FIGURE 1

Oconee County, GA median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Oconee County, 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 four age groups with available Census data in both 2012 and 2022, 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 $31,226(29.09%), escalating from a median of $107,341 in 2012 to $138,567 in 2022. Conversely, the age group of Under 25 years years witnessed the smallest growth in household income across the same span. Their median income saw a small increase of $950(1.36%), increasing from a median of $70,016 in 2012 to $70,966 in 2022.

Oconee County, GA household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Oconee County 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 176(1.23%) households where the householder is under 25 years old, 4,034(28.15%) households with a householder aged between 25 and 44 years, 6,336(44.21%) households with a householder aged between 45 and 64 years, and 3,784(26.41%) households where the householder is over 65 years old.

In Oconee County, the age group of 45 to 64 years stands out with both the highest median income and the maximum share of households. This alignment suggests a financially stable demographic, indicating an established community with stable careers and higher incomes.

FIGURE 2

Oconee County, GA household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Oconee County: 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 Oconee County 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: It is impressive that 67.05% of the households in Oconee County, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $74,298 for the state of Georgia. These 118 Oconee County households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
• Householder 25 to 44 years: In Oconee County, among households headed by individuals aged 25 to 44, an impressive 83.27% match or surpass the state of Georgia median income of $74,298. These 3,359 households, represent a significant portion of the total 4,034 households in Oconee County within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Oconee County, within the age group of 45 to 64 years, a remarkable 86.13% of households meet or exceed the state of Georgia median income of $74,298. These 5,457 households, out of the total 6,336 households in this age cohort, signify a substantial portion of mature demographic of Oconee County, showcasing commendable financial stability in comparison to the Georgia state median income benchmark.
• Householder 65 years and over: In Oconee County, among the over 65 years age group, an impressive 57.14% of households either match or surpass the state of Georgia median income of $74,298. These 2,162 households, constituting a significant portion of the Oconee County county 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 Oconee County, GA?

In Oconee County, households led by individuals aged 45 to 64 years report the highest median household income of $144,275 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 Oconee County, GA?

In terms of income distribution across age cohorts, in Oconee County, householders within the 45 to 64 years age group have the highest median household income at $144,275, followed by those in the 25 to 44 years age group with an income of $138,567. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $72,277. Notably, householders within the under 25 years age group, had the lowest median household income at $70,966..

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

The median age in Oconee County is 41.2, 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 Oconee County, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $138,567.

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