South Cle Elum, WA Median Household Income By Age

South Cle Elum, WA 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 South Cle Elum population by age, the median age in South Cle Elum is 35.2 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 South Cle Elum. 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 South Cle Elum, the median household income stands at $102,746 for householders within the 45 to 64 years age group, followed by $57,341 for the under 25 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $50,761.

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 South Cle Elum.

FIGURE 1

South Cle Elum, WA median household income by age of householder

It offers a clear illustration of the differences in median household incomes in South Cle Elum, 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 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 $25,963(104.70%), escalating from a median of $24,798 in 2012 to $50,761 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 $24,118(30.67%), increasing from a median of $78,628 in 2012 to $102,746 in 2022.

South Cle Elum, WA household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the South Cle Elum 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 35(10.80%) households where the householder is under 25 years old, 88(27.16%) households with a householder aged between 25 and 44 years, 112(34.57%) households with a householder aged between 45 and 64 years, and 89(27.47%) households where the householder is over 65 years old.

In South Cle Elum, 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

South Cle Elum, WA household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in South Cle Elum: 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 South Cle Elum when compared to the state of Washington 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 noteworthy that no households in South Cle Elum, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $94,051 for the state of Washington. This indicates an income disparity among households headed by individuals under 25 years old when compared to the median income of the state.
• Householder 25 to 44 years: In South Cle Elum, among households headed by individuals aged 25 to 44,worth noting that 50% match or surpass the state of Washington median income of $94,051. These 44 households, represent a notable portion of the total 88 households in South Cle Elum within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In South Cle Elum, within the age group of 45 to 64 years, a remarkable 57.14% of households meet or exceed the state of Washington median income of $94,051. These 64 households, out of the total 112 households in this age cohort, signify a substantial portion of mature demographic of South Cle Elum, showcasing commendable financial stability in comparison to the Washington state median income benchmark.
• Householder 65 years and over: In South Cle Elum, among the over 65 years age group, only 17.98% of households either match or surpass the state of Washington median income of $94,051. These 16 households, constituting low portion of the South Cle Elum town senior population, showcase commendable financial stability compared to the Washington state median income benchmark.

Things to know

Which age group reports the highest median household income in South Cle Elum, WA?

In South Cle Elum, households led by individuals aged 45 to 64 years report the highest median household income of $102,746 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 South Cle Elum, WA?

In terms of income distribution across age cohorts, in South Cle Elum, the median household income stands at $102,746 for householders within the 45 to 64 years age group, followed by $57,341 for the under 25 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $50,761..

How does the median household income for households led by individuals of median age compare in South Cle Elum, WA?

The median age in South Cle Elum is 35.2, 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 South Cle Elum. 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

Notes