Port Jefferson, NY Median Household Income By Age

Port Jefferson, NY 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 Port Jefferson population by age, the median age in Port Jefferson is 45.1 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 Port Jefferson, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $175,060.

In terms of income distribution across age cohorts, in Port Jefferson, the median household income stands at $175,060 for householders within the 45 to 64 years age group, followed by $133,627 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $127,119.

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 village of Port Jefferson.

FIGURE 1

Port Jefferson, NY median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Port Jefferson, 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 three age groups with available Census data in both 2012 and 2022, one groups encountered a decline in their median household income, while the remaining two experienced an increase during this period. Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $7,817(4.67%), escalating from a median of $167,243 in 2012 to $175,060 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 $12,972(9.26%), declining from a median of $140,091 in 2012 to $127,119 in 2022.

Port Jefferson, NY household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Port Jefferson 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 58(1.86%) households where the householder is under 25 years old, 770(24.69%) households with a householder aged between 25 and 44 years, 1,229(39.40%) households with a householder aged between 45 and 64 years, and 1,062(34.05%) households where the householder is over 65 years old.

In Port Jefferson, 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

Port Jefferson, NY household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Port Jefferson: 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 Port Jefferson when compared to the state of New York 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 37.93% of the households in Port Jefferson, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $84,743 for the state of New York. These 22 Port Jefferson households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
• Householder 25 to 44 years: In Port Jefferson, among households headed by individuals aged 25 to 44, an impressive 72.60% match or surpass the state of New York median income of $84,743. These 559 households, represent a significant portion of the total 770 households in Port Jefferson within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Port Jefferson, within the age group of 45 to 64 years, a remarkable 83.73% of households meet or exceed the state of New York median income of $84,743. These 1,029 households, out of the total 1,229 households in this age cohort, signify a substantial portion of mature demographic of Port Jefferson, showcasing commendable financial stability in comparison to the New York state median income benchmark.
• Householder 65 years and over: In Port Jefferson, among the over 65 years age group, an impressive 70.06% of households either match or surpass the state of New York median income of $84,743. These 744 households, constituting a significant portion of the Port Jefferson village senior population, showcase commendable financial stability compared to the New York state median income benchmark.

Things to know

Which age group reports the highest median household income in Port Jefferson, NY?

In Port Jefferson, households led by individuals aged 45 to 64 years report the highest median household income of $175,060 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 Port Jefferson, NY?

In terms of income distribution across age cohorts, in Port Jefferson, the median household income stands at $175,060 for householders within the 45 to 64 years age group, followed by $133,627 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $127,119..

How does the median household income for households led by individuals of median age compare in Port Jefferson, NY?

The median age in Port Jefferson is 45.1, 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 Port Jefferson, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $175,060.

References

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