Median Household Income by Age of Householder in Seven Valleys, PA (In 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Seven Valleys. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Seven Valleys.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | $71,303 |
| 45 to 64 years | $73,750 |
| 65 years and over | $34,688 |
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Seven Valleys, PA 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 Seven Valleys population by age, the median age in Seven Valleys is 33.3 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, within Seven Valleys, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $71,303.
In terms of income distribution across age cohorts, in Seven Valleys, the median household income stands at $73,750 for householders within the 45 to 64 years age group, followed by $71,303 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $34,688.
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 borough of Seven Valleys.
FIGURE 1
Seven Valleys, PA median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Seven Valleys, 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 2013 and 2023, none had an increase in this time period. Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $8,830(20.29%), declining from a median of $43,518 in 2013 to $34,688 in 2023. 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 $26,423(26.38%), declining from a median of $100,173 in 2013 to $73,750 in 2023.
Seven Valleys, PA household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Seven Valleys 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, 137(52.09%) households with a householder aged between 25 and 44 years, 84(31.94%) households with a householder aged between 45 and 64 years, and 42(15.97%) households where the householder is over 65 years old.
The age group of 45 to 64 years exhibits the highest median household income, while the largest number of households falls within the 25 to 44 years bracket. This distribution hints at economic disparities within the borough of Seven Valleys, showcasing varying income levels among different age demographics.
FIGURE 2
Seven Valleys, PA household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Seven Valleys: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Seven Valleys household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Seven Valleys: 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 | - | - |
| $10,000 - $14,999 | - | - | - | - |
| $15,000 - $19,999 | - | - | - | 3 |
| $20,000 - $24,999 | - | - | - | 3 |
| $25,000 - $29,999 | - | - | 2 | 8 |
| $30,000 - $34,999 | - | 3 | 2 | 8 |
| $35,000 - $39,999 | - | 2 | 2 | 11 |
| $40,000 - $44,999 | - | 2 | - | - |
| $45,000 - $49,999 | - | 31 | - | - |
| $50,000 - $59,999 | - | - | 30 | 3 |
| $60,000 - $74,999 | - | 50 | 8 | - |
| $75,000 - $99,999 | - | 8 | 6 | 2 |
| $100,000 - $124,999 | - | 9 | 3 | 2 |
| $125,000 - $149,999 | - | 25 | 15 | - |
| $150,000 - $199,999 | - | 4 | 6 | 2 |
| $200,000 or more | - | - | 10 | - |
To further explore the income distribution and gain insights into financial landscape of Seven Valleys when compared to the state of Pennsylvania 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 Seven Valleys, 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 Seven Valleys, among households headed by individuals aged 25 to 44,worth noting that 33.58% match or surpass the state of Pennsylvania median income of $76,081. These 46 households, represent a notable portion of the total 137 households in Seven Valleys within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Seven Valleys, within the age group of 45 to 64 years, a noteworthy 47.62% of households meet or exceed the state of Pennsylvania median income of $76,081. These 40 households, out of the total 84 households in this age cohort, signify a notable portion of mature demographic of Seven Valleys, showcasing commendable financial stability in comparison to the Pennsylvania state median income benchmark.
- Householder 65 years and over: In Seven Valleys, among the over 65 years age group, only 14.29% of households either match or surpass the state of Pennsylvania median income of $76,081. These 6 households, constituting low portion of the Seven Valleys borough senior population, showcase commendable financial stability compared to the Pennsylvania state median income benchmark.
Things to know
Which age group reports the highest median household income in Seven Valleys, PA?
In Seven Valleys, households led by individuals aged 45 to 64 years report the highest median household income of $73,750 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 Seven Valleys, PA?
In terms of income distribution across age cohorts, in Seven Valleys, the median household income stands at $73,750 for householders within the 45 to 64 years age group, followed by $71,303 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $34,688..
How does the median household income for households led by individuals of median age compare in Seven Valleys, PA?
The median age in Seven Valleys is 33.3, 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, within Seven Valleys, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $71,303.
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)
