Port Orford, OR Median Household Income By Age

Port Orford, OR 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 Orford population by age, the median age in Port Orford is 62.5 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 Orford, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $34,839.

In terms of income distribution across age cohorts, in Port Orford, where there exist only two delineated age groups, the median household income is $34,839 for householders within the 45 to 64 years age group, compared to $29,750 for the 25 to 44 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 city of Port Orford.

FIGURE 1

Port Orford, OR median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Port Orford, 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 two age groups with available Census data in both 2012 and 2022, none had an increase in this time period. Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $24,549(41.34%), declining from a median of $59,388 in 2012 to $34,839 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 $40,822(57.84%), declining from a median of $70,572 in 2012 to $29,750 in 2022.

Port Orford, OR household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Port Orford 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 7(1.18%) households where the householder is under 25 years old, 100(16.81%) households with a householder aged between 25 and 44 years, 229(38.49%) households with a householder aged between 45 and 64 years, and 259(43.53%) 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 Port Orford, showcasing varying income levels among different age demographics.

FIGURE 2

Port Orford, OR household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Port Orford: 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 Orford when compared to the state of Oregon 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 Port Orford, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $79,793 for the state of Oregon. 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 Port Orford, among households headed by individuals aged 25 to 44,noteworthy that only 4% match or surpass the state of Oregon median income of $79,793. These 4 households, represent a low portion of the total 100 households in Port Orford within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Port Orford, within the age group of 45 to 64 years, only 16.59% of households meet or exceed the state of Oregon median income of $79,793. These 38 households, out of the total 229 households in this age cohort, signify a low portion of mature demographic of Port Orford, showcasing commendable financial stability in comparison to the Oregon state median income benchmark.
• Householder 65 years and over: In Port Orford, among the over 65 years age group, only 23.94% of households either match or surpass the state of Oregon median income of $79,793. These 62 households, constituting low portion of the Port Orford city senior population, showcase commendable financial stability compared to the Oregon state median income benchmark.

Things to know

Which age group reports the highest median household income in Port Orford, OR?

In Port Orford, households led by individuals aged 45 to 64 years report the highest median household income of $34,839 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 Orford, OR?

In terms of income distribution across age cohorts, in Port Orford, where there exist only two delineated age groups, the median household income is $34,839 for householders within the 45 to 64 years age group, compared to $29,750 for the 25 to 44 years age group..

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

The median age in Port Orford is 62.5, 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 Orford, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $34,839.

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