Sperry, OK Median Household Income By Age

Sperry, OK 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 Sperry population by age, the median age in Sperry is 39.1 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 Sperry, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $56,488.

In terms of income distribution across age cohorts, in Sperry, where there exist only two delineated age groups, the median household income is $56,488 for householders within the 25 to 44 years age group, compared to $43,342 for the 45 to 64 years 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 Sperry.

FIGURE 1

Sperry, OK median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Sperry, 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 an increase in this time period. Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $1,252(2.81%), declining from a median of $44,594 in 2012 to $43,342 in 2022. Conversely, the age group of 25 to 44 years years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $21,447(27.52%), declining from a median of $77,935 in 2012 to $56,488 in 2022.

Sperry, OK household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Sperry 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 17(4.10%) households where the householder is under 25 years old, 105(25.30%) households with a householder aged between 25 and 44 years, 151(36.39%) households with a householder aged between 45 and 64 years, and 142(34.22%) 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 45 to 64 years bracket. This distribution hints at economic disparities within the town of Sperry, showcasing varying income levels among different age demographics.

FIGURE 2

Sperry, OK household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Sperry: 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 Sperry when compared to the state of Oklahoma 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 worth noting that 47.06% of the households in Sperry, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $63,895 for the state of Oklahoma. These 8 Sperry households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
• Householder 25 to 44 years: In Sperry, among households headed by individuals aged 25 to 44,worth noting that 39.05% match or surpass the state of Oklahoma median income of $63,895. These 41 households, represent a notable portion of the total 105 households in Sperry within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Sperry, within the age group of 45 to 64 years, a noteworthy 24.50% of households meet or exceed the state of Oklahoma median income of $63,895. These 37 households, out of the total 151 households in this age cohort, signify a notable portion of mature demographic of Sperry, showcasing commendable financial stability in comparison to the Oklahoma state median income benchmark.
• Householder 65 years and over: In Sperry, among the over 65 years age group, only 24.65% of households either match or surpass the state of Oklahoma median income of $63,895. These 35 households, constituting low portion of the Sperry town senior population, showcase commendable financial stability compared to the Oklahoma state median income benchmark.

Things to know

Which age group reports the highest median household income in Sperry, OK?

In Sperry, households led by individuals aged 25 to 44 years report the highest median household income of $56,488 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 Sperry, OK?

In terms of income distribution across age cohorts, in Sperry, where there exist only two delineated age groups, the median household income is $56,488 for householders within the 25 to 44 years age group, compared to $43,342 for the 45 to 64 years age group..

How does the median household income for households led by individuals of median age compare in Sperry, OK?

The median age in Sperry is 39.1, 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 Sperry, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $56,488.

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