Median Household Income by Age of Householder in San Luis, CO (In 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in San Luis. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in San Luis.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | - |
| 45 to 64 years | $54,271 |
| 65 years and over | $22,083 |
TABLE OF CONTENTS
San Luis, CO 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 San Luis population by age, the median age in San Luis is 38.7 years.
Typically for a location with median age in this range, it suggests a dynamic mix of young professionals, often indicative of family formation and career advancement. Interestingly, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 25 to 44 years age group in San Luis. 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 San Luis, where there exist only two delineated age groups, the median household income is $54,271 for householders within the 45 to 64 years age group, compared to $22,083 for the 65 years and over 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 town of San Luis.
FIGURE 1
San Luis, CO median household income by age of householder
It offers a clear illustration of the differences in median household incomes in San Luis, 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 2013 and 2023, 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 45 to 64 years age group demonstrated a remarkable increase of $216(0.40%), escalating from a median of $54,055 in 2013 to $54,271 in 2023. Conversely, the age group of 65 years and over years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $1,846(7.71%), declining from a median of $23,929 in 2013 to $22,083 in 2023.
San Luis, CO household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the San Luis 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 3(1.24%) households where the householder is under 25 years old, 73(30.29%) households with a householder aged between 25 and 44 years, 109(45.23%) households with a householder aged between 45 and 64 years, and 56(23.24%) households where the householder is over 65 years old.
In San Luis, 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
San Luis, CO household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in San Luis: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of San Luis household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in San Luis: 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 | - | 33 | 8 | - |
| $10,000 - $14,999 | - | 6 | 3 | 5 |
| $15,000 - $19,999 | - | - | 9 | 18 |
| $20,000 - $24,999 | - | - | - | 10 |
| $25,000 - $29,999 | - | - | 20 | 6 |
| $30,000 - $34,999 | - | 13 | - | - |
| $35,000 - $39,999 | - | - | 6 | 7 |
| $40,000 - $44,999 | 1 | 14 | - | - |
| $45,000 - $49,999 | - | 7 | - | - |
| $50,000 - $59,999 | - | - | 12 | 9 |
| $60,000 - $74,999 | - | - | 20 | - |
| $75,000 - $99,999 | - | - | 5 | 1 |
| $100,000 - $124,999 | 2 | - | 14 | - |
| $125,000 - $149,999 | - | - | - | - |
| $150,000 - $199,999 | - | - | 12 | - |
| $200,000 or more | - | - | - | - |
To further explore the income distribution and gain insights into financial landscape of San Luis when compared to the state of Colorado 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 impressive that 66.67% of the households in San Luis, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $92,470 for the state of Colorado. These 2 San Luis households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In San Luis, there are no households led by individuals aged 25 to 44, that meet or surpass the state of Colorado median income of $92,470. Thus of the total 73 households in San Luis, where the householder is 25-44 years old, none had an income higher than the median state income.
- Householder 45 to 64 years: In San Luis, within the age group of 45 to 64 years, a noteworthy 28.44% of households meet or exceed the state of Colorado median income of $92,470. These 31 households, out of the total 109 households in this age cohort, signify a notable portion of mature demographic of San Luis, showcasing commendable financial stability in comparison to the Colorado state median income benchmark.
- Householder 65 years and over: In San Luis, among the over 65 years age group, only 1.79% of households either match or surpass the state of Colorado median income of $92,470. These 1 households, constituting low portion of the San Luis town senior population, showcase commendable financial stability compared to the Colorado state median income benchmark.
Things to know
Which age group reports the highest median household income in San Luis, CO?
In San Luis, households led by individuals aged 45 to 64 years report the highest median household income of $54,271 according to the American Community Survey 2019-2023 5-Year Estimates by the US Census Bureau.
How does the median household income vary by age in San Luis, CO?
In terms of income distribution across age cohorts, in San Luis, where there exist only two delineated age groups, the median household income is $54,271 for householders within the 45 to 64 years age group, compared to $22,083 for the 65 years and over age group..
How does the median household income for households led by individuals of median age compare in San Luis, CO?
The median age in San Luis is 38.7, which falls within the 25 to 44 years range among the four age groups defined by the US Census Bureau. This demographic suggests a dynamic mix of young professionals, often indicative of family formation and career advancement. Interestingly, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 25 to 44 years age group in San Luis. 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.
References
- U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)
