Median Household Income by Age of Householder in Orange Cove, CA (2022, in 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Orange Cove. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Orange Cove.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | $33,118 |
| 45 to 64 years | $40,472 |
| 65 years and over | - |
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Orange Cove, CA 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 Orange Cove population by age, the median age in Orange Cove is 24.4 years.
Typically for a location with median age in this range, it likely boasts a youthful population, indication a potential hub for emerging workforce. Interestingly, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the Under 25 years age group in Orange Cove. 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 Orange Cove, where there exist only two delineated age groups, the median household income is $40,472 for householders within the 45 to 64 years age group, compared to $33,118 for the 25 to 44 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 city of Orange Cove.
FIGURE 1
Orange Cove, CA median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Orange Cove, 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 45 to 64 years age group demonstrated a remarkable increase of $3,841(10.49%), escalating from a median of $36,631 in 2012 to $40,472 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 $3,081(8.51%), declining from a median of $36,199 in 2012 to $33,118 in 2022.
Orange Cove, CA household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Orange Cove 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 57(2.32%) households where the householder is under 25 years old, 1,081(43.94%) households with a householder aged between 25 and 44 years, 921(37.44%) households with a householder aged between 45 and 64 years, and 401(16.30%) households where the householder is over 65 years old.
The age group of 45 to 64 years exhibits the highest median household income, while the largest number of households falls within the 25 to 44 years bracket. This distribution hints at economic disparities within the city of Orange Cove, showcasing varying income levels among different age demographics.
FIGURE 2
Orange Cove, CA household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Orange Cove: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Orange Cove household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Orange Cove: 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 | - | 73 | 103 | - |
| $10,000 - $14,999 | - | 63 | 25 | 177 |
| $15,000 - $19,999 | 26 | 145 | 39 | 7 |
| $20,000 - $24,999 | - | 141 | 66 | 3 |
| $25,000 - $29,999 | - | 112 | 145 | 8 |
| $30,000 - $34,999 | - | 131 | 53 | 6 |
| $35,000 - $39,999 | - | 93 | 39 | 20 |
| $40,000 - $44,999 | 13 | - | - | - |
| $45,000 - $49,999 | - | 22 | 126 | 30 |
| $50,000 - $59,999 | - | 95 | 93 | 48 |
| $60,000 - $74,999 | 18 | 78 | 79 | - |
| $75,000 - $99,999 | - | 44 | 27 | 11 |
| $100,000 - $124,999 | - | 63 | 28 | 78 |
| $125,000 - $149,999 | - | 1 | 49 | 12 |
| $150,000 - $199,999 | - | 20 | 38 | - |
| $200,000 or more | - | - | 11 | 1 |
To further explore the income distribution and gain insights into financial landscape of Orange Cove when compared to the state of California 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 noteworthy that no households in Orange Cove, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $95,696 for the state of California. This indicates an income disparity among households headed by individuals under 25 years old when compared to the median income of the state.
- Householder 25 to 44 years: In Orange Cove, among households headed by individuals aged 25 to 44,noteworthy that only 11.84% match or surpass the state of California median income of $95,696. These 128 households, represent a low portion of the total 1,081 households in Orange Cove within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Orange Cove, within the age group of 45 to 64 years, only 16.61% of households meet or exceed the state of California median income of $95,696. These 153 households, out of the total 921 households in this age cohort, signify a low portion of mature demographic of Orange Cove, showcasing commendable financial stability in comparison to the California state median income benchmark.
- Householder 65 years and over: In Orange Cove, among the over 65 years age group, a noteworthy 25.44% of households either match or surpass the state of California median income of $95,696. These 102 households, constituting notable portion of the Orange Cove city senior population, showcase commendable financial stability compared to the California state median income benchmark.
Things to know
Which age group reports the highest median household income in Orange Cove, CA?
In Orange Cove, households led by individuals aged 45 to 64 years report the highest median household income of $40,472 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 Orange Cove, CA?
In terms of income distribution across age cohorts, in Orange Cove, where there exist only two delineated age groups, the median household income is $40,472 for householders within the 45 to 64 years age group, compared to $33,118 for the 25 to 44 years age group..
How does the median household income for households led by individuals of median age compare in Orange Cove, CA?
The median age in Orange Cove is 24.4, which falls within the Under 25 years range among the four age groups defined by the US Census Bureau. This demographic likely boasts a youthful population, indication a potential hub for emerging workforce. Interestingly, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the Under 25 years age group in Orange Cove. 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) 2018-2022 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)