Median Household Income by Age of Householder in Plymouth, New Hampshire (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Plymouth town. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Plymouth town.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | - |
45 to 64 years | $84,624 |
65 years and over | $86,515 |
TABLE OF CONTENTS
Plymouth, New Hampshire 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 Plymouth town population by age, the median age in Plymouth town is 32 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 25 to 44 years age group in Plymouth town. 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 Plymouth town, where there exist only two delineated age groups, the median household income is $86,515 for householders within the 65 years and over age group, compared to $84,624 for 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 Plymouth town.
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 2011 and 2021, none had a decline during this time period. Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $30,780(55.23%), escalating from a median of $55,735 in 2011 to $86,515 in 2021. 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 $13,400(18.81%), increasing from a median of $71,224 in 2011 to $84,624 in 2021.
Plymouth, New Hampshire household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Plymouth town 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 48(2.33%) households where the householder is under 25 years old, 524(25.42%) households with a householder aged between 25 and 44 years, 846(41.05%) households with a householder aged between 45 and 64 years, and 643(31.20%) households where the householder is over 65 years old.
The age group of 65 years and over exhibits the highest median household income, while the largest number of households falls within the 45 to 64 years bracket. This distribution hints at economic disparities within the town of Plymouth town, showcasing varying income levels among different age demographics.
Age-wise distribution of Plymouth town household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Plymouth town: 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 | 33 | 69 | 50 | 21 |
$10,000 - $14,999 | - | - | 80 | 19 |
$15,000 - $19,999 | - | 80 | - | 21 |
$20,000 - $24,999 | - | 31 | 37 | 78 |
$25,000 - $29,999 | - | - | - | 16 |
$30,000 - $34,999 | - | 75 | 7 | 40 |
$35,000 - $39,999 | - | - | 19 | - |
$40,000 - $44,999 | - | 21 | - | 14 |
$45,000 - $49,999 | 15 | - | 57 | - |
$50,000 - $59,999 | - | - | 18 | 74 |
$60,000 - $74,999 | - | 58 | 120 | 38 |
$75,000 - $99,999 | - | 106 | 176 | 126 |
$100,000 - $124,999 | - | 23 | 16 | 117 |
$125,000 - $149,999 | - | 61 | 131 | - |
$150,000 - $199,999 | - | - | 48 | 79 |
$200,000 or more | - | - | 87 | - |
To further explore the income distribution and gain insights into financial landscape of Plymouth town when compared to the state of New Hampshire 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 Plymouth town, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $89,992 for the state of New Hampshire. 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 Plymouth town, among households headed by individuals aged 25 to 44,worth noting that 36.26% match or surpass the state of New Hampshire median income of $89,992. These 190 households, represent a notable portion of the total 524 households in Plymouth town within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Plymouth town, within the age group of 45 to 64 years, a remarkable 54.14% of households meet or exceed the state of New Hampshire median income of $89,992. These 458 households, out of the total 846 households in this age cohort, signify a substantial portion of mature demographic of Plymouth town, showcasing commendable financial stability in comparison to the New Hampshire state median income benchmark.
- Householder 65 years and over: In Plymouth town, among the over 65 years age group, an impressive 50.08% of households either match or surpass the state of New Hampshire median income of $89,992. These 322 households, constituting a significant portion of the Plymouth town town senior population, showcase commendable financial stability compared to the New Hampshire state median income benchmark.
Things to know
Which age group reports the highest median household income in Plymouth, New Hampshire?
In Plymouth town, households led by individuals aged 65 years and over report the highest median household income of $86,515 according to the American Community Survey 2017-2021 5-Year Estimates by the US Census Bureau.
How does the median household income vary by age in Plymouth, New Hampshire?
In terms of income distribution across age cohorts, in Plymouth town, where there exist only two delineated age groups, the median household income is $86,515 for householders within the 65 years and over age group, compared to $84,624 for the 45 to 64 years age group..
How does the median household income for households led by individuals of median age compare in Plymouth, New Hampshire?
The median age in Plymouth town is 32, 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 25 to 44 years age group in Plymouth town. 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) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)