Rio Bravo, TX Median Household Income By Age

Rio Bravo, 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 Rio Bravo population by age, the median age in Rio Bravo is 23.3 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 Rio Bravo. 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 Rio Bravo, the median household income stands at $49,490 for householders within the 65 years and over age group, followed by $38,327 for the 45 to 64 years age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $37,541.

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 Rio Bravo.

FIGURE 1

Rio Bravo, TX median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Rio Bravo, 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, two 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 $15,700(46.46%), escalating from a median of $33,790 in 2012 to $49,490 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 $6,179(13.88%), declining from a median of $44,506 in 2012 to $38,327 in 2022.

Rio Bravo, TX household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Rio Bravo 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 29(2.78%) households where the householder is under 25 years old, 295(28.28%) households with a householder aged between 25 and 44 years, 521(49.95%) households with a householder aged between 45 and 64 years, and 198(18.98%) 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 city of Rio Bravo, showcasing varying income levels among different age demographics.

FIGURE 2

Rio Bravo, TX household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Rio Bravo: 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 Rio Bravo 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 Rio Bravo, 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 Rio Bravo, among households headed by individuals aged 25 to 44,noteworthy that only 23.39% match or surpass the state of Texas median income of $76,048. These 69 households, represent a low portion of the total 295 households in Rio Bravo within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Rio Bravo, within the age group of 45 to 64 years, only 24.18% of households meet or exceed the state of Texas median income of $76,048. These 126 households, out of the total 521 households in this age cohort, signify a low portion of mature demographic of Rio Bravo, showcasing commendable financial stability in comparison to the Texas state median income benchmark.
• Householder 65 years and over: In Rio Bravo, among the over 65 years age group, only 6.57% of households either match or surpass the state of Texas median income of $76,048. These 13 households, constituting low portion of the Rio Bravo 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 Rio Bravo, TX?

In Rio Bravo, households led by individuals aged 65 years and over report the highest median household income of $49,490 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 Rio Bravo, TX?

In terms of income distribution across age cohorts, in Rio Bravo, the median household income stands at $49,490 for householders within the 65 years and over age group, followed by $38,327 for the 45 to 64 years age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $37,541..

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

The median age in Rio Bravo is 23.3, 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 Rio Bravo. 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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