Scotts Valley, CA Median Household Income By Age

Scotts Valley, CA 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 Scotts Valley population by age, the median age in Scotts Valley is 49 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 Scotts Valley, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $172,153.

In terms of income distribution across age cohorts, in Scotts Valley, the median household income stands at $192,361 for householders within the 25 to 44 years age group, followed by $172,153 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $101,789.

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 Scotts Valley.

FIGURE 1

Scotts Valley, CA median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Scotts Valley, 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 65 years and over age group demonstrated a remarkable increase of $48,590(91.34%), escalating from a median of $53,199 in 2012 to $101,789 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 $13,692(8.64%), increasing from a median of $158,461 in 2012 to $172,153 in 2022.

Scotts Valley, CA household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Scotts Valley 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 20(0.41%) households where the householder is under 25 years old, 1,100(22.36%) households with a householder aged between 25 and 44 years, 1,872(38.05%) households with a householder aged between 45 and 64 years, and 1,928(39.19%) 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 65 years and over bracket. This distribution hints at economic disparities within the city of Scotts Valley, showcasing varying income levels among different age demographics.

FIGURE 2

Scotts Valley, CA household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Scotts Valley: 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 Scotts Valley when compared to the state of California 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 100% of the households in Scotts Valley, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $95,696 for the state of California. These 20 Scotts Valley households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
• Householder 25 to 44 years: In Scotts Valley, among households headed by individuals aged 25 to 44, an impressive 87.18% match or surpass the state of California median income of $95,696. These 959 households, represent a significant portion of the total 1,100 households in Scotts Valley within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Scotts Valley, within the age group of 45 to 64 years, a remarkable 81.94% of households meet or exceed the state of California median income of $95,696. These 1,534 households, out of the total 1,872 households in this age cohort, signify a substantial portion of mature demographic of Scotts Valley, showcasing commendable financial stability in comparison to the California state median income benchmark.
• Householder 65 years and over: In Scotts Valley, among the over 65 years age group, an impressive 57.88% of households either match or surpass the state of California median income of $95,696. These 1,116 households, constituting a significant portion of the Scotts Valley city senior population, showcase commendable financial stability compared to the California state median income benchmark.

Things to know

Which age group reports the highest median household income in Scotts Valley, CA?

In Scotts Valley, households led by individuals aged 25 to 44 years report the highest median household income of $192,361 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 Scotts Valley, CA?

In terms of income distribution across age cohorts, in Scotts Valley, the median household income stands at $192,361 for householders within the 25 to 44 years age group, followed by $172,153 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $101,789..

How does the median household income for households led by individuals of median age compare in Scotts Valley, CA?

The median age in Scotts Valley is 49, 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 Scotts Valley, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $172,153.

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