Median Household Income by Age of Householder in Seabrook Island, SC (2022, in 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Seabrook Island. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Seabrook Island.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | - |
| 45 to 64 years | - |
| 65 years and over | $122,087 |
TABLE OF CONTENTS
Seabrook Island, SC 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 Seabrook Island population by age, the median age in Seabrook Island is 68.1 years.
Typically for a location with median age in this range, it suggests a significant population of retirees or older individuals. Interestingly, within Seabrook Island, the age group of 65 years and over also exhibits the highest median household income, recorded at $122,087.
In terms of income distribution across age cohorts, Seabrook Island only reports a median household income of $122,087 among householders in 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 Seabrook Island.
FIGURE 1
Seabrook Island, SC median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Seabrook Island, 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. Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $7,275(5.62%), declining from a median of $129,362 in 2012 to $122,087 in 2022. 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 $7,275(5.62%), declining from a median of $129,362 in 2012 to $122,087 in 2022.
Seabrook Island, SC household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Seabrook Island 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, 39(3.27%) households with a householder aged between 25 and 44 years, 388(32.55%) households with a householder aged between 45 and 64 years, and 765(64.18%) households where the householder is over 65 years old.
In Seabrook Island, the age group of 65 years and over 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
Seabrook Island, SC household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Seabrook Island: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Seabrook Island household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Seabrook Island: 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 | - | 7 | 74 | 10 |
| $10,000 - $14,999 | - | 4 | 8 | 9 |
| $15,000 - $19,999 | - | - | - | - |
| $20,000 - $24,999 | - | - | - | 10 |
| $25,000 - $29,999 | - | - | - | 28 |
| $30,000 - $34,999 | - | - | - | 25 |
| $35,000 - $39,999 | - | - | - | - |
| $40,000 - $44,999 | - | - | - | 5 |
| $45,000 - $49,999 | - | - | 5 | - |
| $50,000 - $59,999 | - | - | 6 | 20 |
| $60,000 - $74,999 | - | 7 | 31 | 107 |
| $75,000 - $99,999 | - | - | 22 | 115 |
| $100,000 - $124,999 | - | - | 49 | 70 |
| $125,000 - $149,999 | - | - | - | 53 |
| $150,000 - $199,999 | - | 9 | 51 | 130 |
| $200,000 or more | - | 12 | 142 | 183 |
To further explore the income distribution and gain insights into financial landscape of Seabrook Island when compared to the state of South Carolina 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 Seabrook Island, 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 Seabrook Island, among households headed by individuals aged 25 to 44, an impressive 71.79% match or surpass the state of South Carolina median income of $66,248. These 28 households, represent a significant portion of the total 39 households in Seabrook Island within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Seabrook Island, within the age group of 45 to 64 years, a remarkable 76.03% of households meet or exceed the state of South Carolina median income of $66,248. These 295 households, out of the total 388 households in this age cohort, signify a substantial portion of mature demographic of Seabrook Island, showcasing commendable financial stability in comparison to the South Carolina state median income benchmark.
- Householder 65 years and over: In Seabrook Island, among the over 65 years age group, an impressive 86.01% of households either match or surpass the state of South Carolina median income of $66,248. These 658 households, constituting a significant portion of the Seabrook Island town senior population, showcase commendable financial stability compared to the South Carolina state median income benchmark.
Things to know
Which age group reports the highest median household income in Seabrook Island, SC?
In Seabrook Island, households led by individuals aged 65 years and over report the highest median household income of $122,087 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 Seabrook Island, SC?
In terms of income distribution across age cohorts, Seabrook Island only reports a median household income of $122,087 among householders in the 65 years and over age group..
How does the median household income for households led by individuals of median age compare in Seabrook Island, SC?
The median age in Seabrook Island is 68.1, which falls within the 65 years and over range among the four age groups defined by the US Census Bureau. This demographic suggests a significant population of retirees or older individuals. Interestingly, within Seabrook Island, the age group of 65 years and over also exhibits the highest median household income, recorded at $122,087.
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)