Pachuta, MS Median Household Income By Age

Pachuta, MS 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 Pachuta population by age, the median age in Pachuta is 53 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 Pachuta, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $33,190.

In terms of income distribution across age cohorts, Pachuta only reports a median household income of $33,190 among householders in 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 Pachuta.

FIGURE 1

Pachuta, MS median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Pachuta, 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. Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $516(1.58%), escalating from a median of $32,674 in 2012 to $33,190 in 2022. Conversely, the age group of 45 to 64 years years witnessed the smallest growth in household income across the same span. Their median income saw a small increase of $516(1.58%), increasing from a median of $32,674 in 2012 to $33,190 in 2022.

Pachuta, MS household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Pachuta 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, 10(11.63%) households with a householder aged between 25 and 44 years, 36(41.86%) households with a householder aged between 45 and 64 years, and 40(46.51%) 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 65 years and over bracket. This distribution hints at economic disparities within the town of Pachuta, showcasing varying income levels among different age demographics.

FIGURE 2

Pachuta, MS household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Pachuta: 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 Pachuta when compared to the state of Mississippi 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 Pachuta, 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 Pachuta, among households headed by individuals aged 25 to 44,worth noting that 40% match or surpass the state of Mississippi median income of $55,171. These 4 households, represent a notable portion of the total 10 households in Pachuta within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Pachuta, within the age group of 45 to 64 years, a noteworthy 25% of households meet or exceed the state of Mississippi median income of $55,171. These 9 households, out of the total 36 households in this age cohort, signify a notable portion of mature demographic of Pachuta, showcasing commendable financial stability in comparison to the Mississippi state median income benchmark.
• Householder 65 years and over: In Pachuta, among the over 65 years age group, a noteworthy 37.50% of households either match or surpass the state of Mississippi median income of $55,171. These 15 households, constituting notable portion of the Pachuta town senior population, showcase commendable financial stability compared to the Mississippi state median income benchmark.

Things to know

Which age group reports the highest median household income in Pachuta, MS?

In Pachuta, households led by individuals aged 45 to 64 years report the highest median household income of $33,190 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 Pachuta, MS?

In terms of income distribution across age cohorts, Pachuta only reports a median household income of $33,190 among householders in the 45 to 64 years age group..

How does the median household income for households led by individuals of median age compare in Pachuta, MS?

The median age in Pachuta is 53, 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 Pachuta, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $33,190.

References

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