Prairie View, TX Median Household Income By Age

Prairie View, TX 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 Prairie View population by age, the median age in Prairie View is 20.6 years.

Typically for a location with median age in this range, it likely boasts a youthful population, indication a potential hub for emerging workforce. Interestingly, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the Under 25 years age group in Prairie View. 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 Prairie View, where there exist only two delineated age groups, the median household income is $72,435 for householders within the 65 years and over age group, compared to $37,462 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 city of Prairie View.

FIGURE 1

Prairie View, TX median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Prairie View, 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, one 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 65 years and over age group demonstrated a remarkable increase of $28,259(63.97%), escalating from a median of $44,176 in 2012 to $72,435 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 $24,775(39.81%), declining from a median of $62,237 in 2012 to $37,462 in 2022.

Prairie View, TX household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Prairie View 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 927(59.58%) households where the householder is under 25 years old, 207(13.30%) households with a householder aged between 25 and 44 years, 238(15.30%) households with a householder aged between 45 and 64 years, and 184(11.83%) 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 under 25 years bracket. This distribution hints at economic disparities within the city of Prairie View, showcasing varying income levels among different age demographics.

FIGURE 2

Prairie View, TX household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Prairie View: 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 Prairie View when compared to the state of Texas 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 Prairie View, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $76,048 for the state of Texas. 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 Prairie View, among households headed by individuals aged 25 to 44,worth noting that 43.96% match or surpass the state of Texas median income of $76,048. These 91 households, represent a notable portion of the total 207 households in Prairie View within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Prairie View, within the age group of 45 to 64 years, a noteworthy 14.29% of households meet or exceed the state of Texas median income of $76,048. These 34 households, out of the total 238 households in this age cohort, signify a notable portion of mature demographic of Prairie View, showcasing commendable financial stability in comparison to the Texas state median income benchmark.
• Householder 65 years and over: In Prairie View, among the over 65 years age group, a noteworthy 47.83% of households either match or surpass the state of Texas median income of $76,048. These 88 households, constituting notable portion of the Prairie View city senior population, showcase commendable financial stability compared to the Texas state median income benchmark.

Things to know

Which age group reports the highest median household income in Prairie View, TX?

In Prairie View, households led by individuals aged 65 years and over report the highest median household income of $72,435 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 Prairie View, TX?

In terms of income distribution across age cohorts, in Prairie View, where there exist only two delineated age groups, the median household income is $72,435 for householders within the 65 years and over age group, compared to $37,462 for the 45 to 64 years age group..

How does the median household income for households led by individuals of median age compare in Prairie View, TX?

The median age in Prairie View is 20.6, which falls within the Under 25 years range among the four age groups defined by the US Census Bureau. This demographic likely boasts a youthful population, indication a potential hub for emerging workforce. Interestingly, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the Under 25 years age group in Prairie View. 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.

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