Median Household Income by Age of Householder in Pilot Mountain, NC (2022, in 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Pilot Mountain. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Pilot Mountain.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | $59,005 |
| 25 to 44 years | $36,089 |
| 45 to 64 years | $61,752 |
| 65 years and over | $27,256 |
TABLE OF CONTENTS
Pilot Mountain, NC 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 Pilot Mountain population by age, the median age in Pilot Mountain is 42.6 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 Pilot Mountain, the age group of 25 to 44 years had the second lowest median household income, recorded at $36,089.
In terms of income distribution across age cohorts, in Pilot Mountain, householders within the 45 to 64 years age group have the highest median household income at $61,752, followed by those in the under 25 years age group with an income of $59,005. Meanwhile householders within the 25 to 44 years age group report the second lowest median household income of $36,089. Notably, householders within the 65 years and over age group, had the lowest median household income at $27,256.
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 Pilot Mountain.
FIGURE 1
Pilot Mountain, NC median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Pilot Mountain, 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, three 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 Under 25 years age group demonstrated a remarkable increase of $9,410(18.97%), escalating from a median of $49,595 in 2012 to $59,005 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 $11,005(23.37%), declining from a median of $47,094 in 2012 to $36,089 in 2022.
Pilot Mountain, NC household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Pilot Mountain 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 28(3.68%) households where the householder is under 25 years old, 157(20.66%) households with a householder aged between 25 and 44 years, 377(49.61%) households with a householder aged between 45 and 64 years, and 198(26.05%) households where the householder is over 65 years old.
In Pilot Mountain, 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
Pilot Mountain, NC household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Pilot Mountain: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Pilot Mountain household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Pilot Mountain: 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 | - | 4 | 34 | 3 |
| $10,000 - $14,999 | 6 | 16 | 61 | 38 |
| $15,000 - $19,999 | - | - | - | 22 |
| $20,000 - $24,999 | - | 34 | 6 | 28 |
| $25,000 - $29,999 | - | 5 | 10 | 17 |
| $30,000 - $34,999 | - | 21 | 15 | 12 |
| $35,000 - $39,999 | - | 10 | 3 | 8 |
| $40,000 - $44,999 | - | 16 | 31 | 3 |
| $45,000 - $49,999 | - | 4 | 19 | 8 |
| $50,000 - $59,999 | 12 | 2 | 12 | 8 |
| $60,000 - $74,999 | 10 | 3 | 8 | 11 |
| $75,000 - $99,999 | - | 30 | 44 | 24 |
| $100,000 - $124,999 | - | 6 | 30 | 2 |
| $125,000 - $149,999 | - | - | 55 | 2 |
| $150,000 - $199,999 | - | - | 44 | 12 |
| $200,000 or more | - | 6 | 5 | - |
To further explore the income distribution and gain insights into financial landscape of Pilot Mountain when compared to the state of North Carolina 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 35.71% of the households in Pilot Mountain, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $68,916 for the state of North Carolina. These 10 Pilot Mountain households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In Pilot Mountain, among households headed by individuals aged 25 to 44,worth noting that 28.66% match or surpass the state of North Carolina median income of $68,916. These 45 households, represent a notable portion of the total 157 households in Pilot Mountain within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Pilot Mountain, within the age group of 45 to 64 years, a noteworthy 49.34% of households meet or exceed the state of North Carolina median income of $68,916. These 186 households, out of the total 377 households in this age cohort, signify a notable portion of mature demographic of Pilot Mountain, showcasing commendable financial stability in comparison to the North Carolina state median income benchmark.
- Householder 65 years and over: In Pilot Mountain, among the over 65 years age group, a noteworthy 25.76% of households either match or surpass the state of North Carolina median income of $68,916. These 51 households, constituting notable portion of the Pilot Mountain town senior population, showcase commendable financial stability compared to the North Carolina state median income benchmark.
Things to know
Which age group reports the highest median household income in Pilot Mountain, NC?
In Pilot Mountain, households led by individuals aged 45 to 64 years report the highest median household income of $61,752 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 Pilot Mountain, NC?
In terms of income distribution across age cohorts, in Pilot Mountain, householders within the 45 to 64 years age group have the highest median household income at $61,752, followed by those in the under 25 years age group with an income of $59,005. Meanwhile householders within the 25 to 44 years age group report the second lowest median household income of $36,089. Notably, householders within the 65 years and over age group, had the lowest median household income at $27,256..
How does the median household income for households led by individuals of median age compare in Pilot Mountain, NC?
The median age in Pilot Mountain is 42.6, 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 Pilot Mountain, the age group of 25 to 44 years had the second lowest median household income, recorded at $36,089.
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)