Median Household Income by Age of Householder in Rockaway Beach, MO (2022, in 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Rockaway Beach. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Rockaway Beach.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | $63,198 |
| 45 to 64 years | $43,494 |
| 65 years and over | $55,707 |
TABLE OF CONTENTS
Rockaway Beach, MO 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 Rockaway Beach population by age, the median age in Rockaway Beach is 55.4 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 Rockaway Beach, the age group of 45 to 64 years had the second lowest median household income, recorded at $43,494.
In terms of income distribution across age cohorts, in Rockaway Beach, the median household income stands at $63,198 for householders within the 25 to 44 years age group, followed by $55,707 for the 65 years and over age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $43,494.
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 Rockaway Beach.
FIGURE 1
Rockaway Beach, MO median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Rockaway Beach, 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, none had a decline during this time period. Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $38,192(152.73%), escalating from a median of $25,006 in 2012 to $63,198 in 2022. 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 $8,798(25.36%), increasing from a median of $34,696 in 2012 to $43,494 in 2022.
Rockaway Beach, MO household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Rockaway Beach 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 0 households where the householder is under 25 years old, 43(16.93%) households with a householder aged between 25 and 44 years, 113(44.49%) households with a householder aged between 45 and 64 years, and 98(38.58%) households where the householder is over 65 years old.
The age group of 25 to 44 years 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 Rockaway Beach, showcasing varying income levels among different age demographics.
FIGURE 2
Rockaway Beach, MO household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Rockaway Beach: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Rockaway Beach household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Rockaway Beach: 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 | - | 3 | 6 | - |
| $10,000 - $14,999 | - | - | 6 | 14 |
| $15,000 - $19,999 | - | 2 | 3 | - |
| $20,000 - $24,999 | - | 3 | 9 | - |
| $25,000 - $29,999 | - | 2 | 5 | 4 |
| $30,000 - $34,999 | - | - | 6 | - |
| $35,000 - $39,999 | - | - | 13 | 13 |
| $40,000 - $44,999 | - | 3 | 12 | - |
| $45,000 - $49,999 | - | - | 7 | 8 |
| $50,000 - $59,999 | - | 6 | 8 | 20 |
| $60,000 - $74,999 | - | 9 | 5 | 7 |
| $75,000 - $99,999 | - | 9 | 13 | 31 |
| $100,000 - $124,999 | - | 6 | 16 | 1 |
| $125,000 - $149,999 | - | - | 4 | - |
| $150,000 - $199,999 | - | - | - | - |
| $200,000 or more | - | - | - | - |
To further explore the income distribution and gain insights into financial landscape of Rockaway Beach when compared to the state of Missouri 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: In Rockaway Beach, the comparison with the median income of the state and the nation remains inapplicable as there are no households headed by individuals under 25 years old.
- Householder 25 to 44 years: In Rockaway Beach, among households headed by individuals aged 25 to 44, an impressive 55.81% match or surpass the state of Missouri median income of $68,639. These 24 households, represent a significant portion of the total 43 households in Rockaway Beach within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Rockaway Beach, within the age group of 45 to 64 years, a noteworthy 33.63% of households meet or exceed the state of Missouri median income of $68,639. These 38 households, out of the total 113 households in this age cohort, signify a notable portion of mature demographic of Rockaway Beach, showcasing commendable financial stability in comparison to the Missouri state median income benchmark.
- Householder 65 years and over: In Rockaway Beach, among the over 65 years age group, a noteworthy 39.80% of households either match or surpass the state of Missouri median income of $68,639. These 39 households, constituting notable portion of the Rockaway Beach city senior population, showcase commendable financial stability compared to the Missouri state median income benchmark.
Things to know
Which age group reports the highest median household income in Rockaway Beach, MO?
In Rockaway Beach, households led by individuals aged 25 to 44 years report the highest median household income of $63,198 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 Rockaway Beach, MO?
In terms of income distribution across age cohorts, in Rockaway Beach, the median household income stands at $63,198 for householders within the 25 to 44 years age group, followed by $55,707 for the 65 years and over age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $43,494..
How does the median household income for households led by individuals of median age compare in Rockaway Beach, MO?
The median age in Rockaway Beach is 55.4, 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 Rockaway Beach, the age group of 45 to 64 years had the second lowest median household income, recorded at $43,494.
References
- U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)