Median Household Income by Age of Householder in Sublette County, WY (2022, in 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Sublette County. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Sublette County.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | $109,034 |
| 45 to 64 years | $95,709 |
| 65 years and over | $44,823 |
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Sublette County, WY 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 Sublette County population by age, the median age in Sublette County is 41.7 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 Sublette County, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $109,034.
In terms of income distribution across age cohorts, in Sublette County, the median household income stands at $109,034 for householders within the 25 to 44 years age group, followed by $95,709 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 $44,823.
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 county of Sublette County.
FIGURE 1
Sublette County, WY median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Sublette County, 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, two groups encountered a decline in their median household income, while the remaining one experienced an increase during this period. Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $13,103(13.66%), escalating from a median of $95,931 in 2012 to $109,034 in 2022. 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 $41,690(30.34%), declining from a median of $137,399 in 2012 to $95,709 in 2022.
Sublette County, WY household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Sublette County 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 61(1.75%) households where the householder is under 25 years old, 942(27.09%) households with a householder aged between 25 and 44 years, 1,257(36.15%) households with a householder aged between 45 and 64 years, and 1,217(35%) 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 county of Sublette County, showcasing varying income levels among different age demographics.
FIGURE 2
Sublette County, WY household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Sublette County: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Sublette County household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Sublette County: 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 | - | - | 63 | 15 |
| $10,000 - $14,999 | - | 44 | 19 | 54 |
| $15,000 - $19,999 | 6 | 11 | 48 | 50 |
| $20,000 - $24,999 | - | - | 38 | 53 |
| $25,000 - $29,999 | - | - | 41 | 194 |
| $30,000 - $34,999 | - | 26 | 2 | 56 |
| $35,000 - $39,999 | - | 39 | 30 | 140 |
| $40,000 - $44,999 | - | 11 | 60 | 59 |
| $45,000 - $49,999 | 25 | 9 | 33 | - |
| $50,000 - $59,999 | 8 | 37 | 52 | 41 |
| $60,000 - $74,999 | 2 | 92 | 149 | 76 |
| $75,000 - $99,999 | 3 | 171 | 138 | 180 |
| $100,000 - $124,999 | 2 | 185 | 134 | 133 |
| $125,000 - $149,999 | 15 | 154 | 53 | 26 |
| $150,000 - $199,999 | - | 73 | 153 | 54 |
| $200,000 or more | - | 90 | 244 | 86 |
To further explore the income distribution and gain insights into financial landscape of Sublette County when compared to the state of Wyoming 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 32.79% of the households in Sublette County, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $75,485 for the state of Wyoming. These 20 Sublette County households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In Sublette County, among households headed by individuals aged 25 to 44, an impressive 71.44% match or surpass the state of Wyoming median income of $75,485. These 673 households, represent a significant portion of the total 942 households in Sublette County within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Sublette County, within the age group of 45 to 64 years, a remarkable 57.44% of households meet or exceed the state of Wyoming median income of $75,485. These 722 households, out of the total 1,257 households in this age cohort, signify a substantial portion of mature demographic of Sublette County, showcasing commendable financial stability in comparison to the Wyoming state median income benchmark.
- Householder 65 years and over: In Sublette County, among the over 65 years age group, a noteworthy 39.36% of households either match or surpass the state of Wyoming median income of $75,485. These 479 households, constituting notable portion of the Sublette County county senior population, showcase commendable financial stability compared to the Wyoming state median income benchmark.
Things to know
Which age group reports the highest median household income in Sublette County, WY?
In Sublette County, households led by individuals aged 25 to 44 years report the highest median household income of $109,034 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 Sublette County, WY?
In terms of income distribution across age cohorts, in Sublette County, the median household income stands at $109,034 for householders within the 25 to 44 years age group, followed by $95,709 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 $44,823..
How does the median household income for households led by individuals of median age compare in Sublette County, WY?
The median age in Sublette County is 41.7, 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 Sublette County, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $109,034.
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)