Palm Desert, CA Median Household Income By Age

Palm Desert, 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 Palm Desert population by age, the median age in Palm Desert is 55.2 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 Palm Desert, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $89,409.

In terms of income distribution across age cohorts, in Palm Desert, householders within the 45 to 64 years age group have the highest median household income at $89,409, followed by those in the 25 to 44 years age group with an income of $84,341. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $70,450. Notably, householders within the under 25 years age group, had the lowest median household income at $43,881.

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 Palm Desert.

FIGURE 1

Palm Desert, CA median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Palm Desert, 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, one groups encountered a decline in their median household income, while the remaining three experienced an increase during this period. Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $13,445(18.96%), escalating from a median of $70,896 in 2012 to $84,341 in 2022. 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 $2,669(2.90%), declining from a median of $92,078 in 2012 to $89,409 in 2022.

Palm Desert, CA household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Palm Desert 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 382(1.58%) households where the householder is under 25 years old, 5,314(22.02%) households with a householder aged between 25 and 44 years, 6,692(27.73%) households with a householder aged between 45 and 64 years, and 11,741(48.66%) 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 city of Palm Desert, showcasing varying income levels among different age demographics.

FIGURE 2

Palm Desert, CA household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Palm Desert: 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 Palm Desert 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 only 19.37% of the households in Palm Desert, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $95,696 for the state of California. These 74 Palm Desert households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
• Householder 25 to 44 years: In Palm Desert, among households headed by individuals aged 25 to 44, an impressive 51.58% match or surpass the state of California median income of $95,696. These 2,741 households, represent a significant portion of the total 5,314 households in Palm Desert within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Palm Desert, within the age group of 45 to 64 years, a remarkable 56.83% of households meet or exceed the state of California median income of $95,696. These 3,803 households, out of the total 6,692 households in this age cohort, signify a substantial portion of mature demographic of Palm Desert, showcasing commendable financial stability in comparison to the California state median income benchmark.
• Householder 65 years and over: In Palm Desert, among the over 65 years age group, a noteworthy 47.03% of households either match or surpass the state of California median income of $95,696. These 5,522 households, constituting notable portion of the Palm Desert 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 Palm Desert, CA?

In Palm Desert, households led by individuals aged 45 to 64 years report the highest median household income of $89,409 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 Palm Desert, CA?

In terms of income distribution across age cohorts, in Palm Desert, householders within the 45 to 64 years age group have the highest median household income at $89,409, followed by those in the 25 to 44 years age group with an income of $84,341. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $70,450. Notably, householders within the under 25 years age group, had the lowest median household income at $43,881..

How does the median household income for households led by individuals of median age compare in Palm Desert, CA?

The median age in Palm Desert is 55.2, 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 Palm Desert, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $89,409.

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