Median Household Income by Age of Householder in Swisher County, TX (2022, in 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Swisher County. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Swisher County.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | $50,761 |
| 45 to 64 years | $43,323 |
| 65 years and over | $26,317 |
TABLE OF CONTENTS
Swisher County, TX 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 Swisher County population by age, the median age in Swisher County is 35.9 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 Swisher County, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $50,761.
In terms of income distribution across age cohorts, in Swisher County, the median household income stands at $50,761 for householders within the 25 to 44 years age group, followed by $43,323 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 $26,317.
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 Swisher County.
FIGURE 1
Swisher County, TX median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Swisher 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, 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 $14,631(25.25%), declining from a median of $57,954 in 2012 to $43,323 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 $20,735(44.07%), declining from a median of $47,052 in 2012 to $26,317 in 2022.
Swisher County, TX household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Swisher 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 172(7.16%) households where the householder is under 25 years old, 575(23.95%) households with a householder aged between 25 and 44 years, 814(33.90%) households with a householder aged between 45 and 64 years, and 840(34.99%) 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 65 years and over bracket. This distribution hints at economic disparities within the county of Swisher County, showcasing varying income levels among different age demographics.
FIGURE 2
Swisher County, TX household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Swisher County: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Swisher County household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Swisher 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 | 3 | 66 | 56 | 102 |
| $10,000 - $14,999 | - | 27 | 95 | 156 |
| $15,000 - $19,999 | - | 40 | 40 | 66 |
| $20,000 - $24,999 | - | 36 | - | 88 |
| $25,000 - $29,999 | - | 24 | 166 | 76 |
| $30,000 - $34,999 | 22 | 7 | 19 | 32 |
| $35,000 - $39,999 | - | 14 | 22 | 37 |
| $40,000 - $44,999 | 67 | 39 | 22 | 40 |
| $45,000 - $49,999 | - | 39 | 46 | 42 |
| $50,000 - $59,999 | 17 | 50 | 45 | 52 |
| $60,000 - $74,999 | 7 | 60 | 35 | 32 |
| $75,000 - $99,999 | - | 63 | 95 | 32 |
| $100,000 - $124,999 | 56 | 85 | 61 | 17 |
| $125,000 - $149,999 | - | 3 | 69 | 29 |
| $150,000 - $199,999 | - | 22 | 12 | 14 |
| $200,000 or more | - | - | 31 | 25 |
To further explore the income distribution and gain insights into financial landscape of Swisher County when compared to the state of Texas 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 32.56% of the households in Swisher County, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $76,048 for the state of Texas. These 56 Swisher County households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In Swisher County, among households headed by individuals aged 25 to 44,worth noting that 30.09% match or surpass the state of Texas median income of $76,048. These 173 households, represent a notable portion of the total 575 households in Swisher County within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Swisher County, within the age group of 45 to 64 years, a noteworthy 32.92% of households meet or exceed the state of Texas median income of $76,048. These 268 households, out of the total 814 households in this age cohort, signify a notable portion of mature demographic of Swisher County, showcasing commendable financial stability in comparison to the Texas state median income benchmark.
- Householder 65 years and over: In Swisher County, among the over 65 years age group, only 13.93% of households either match or surpass the state of Texas median income of $76,048. These 117 households, constituting low portion of the Swisher County county senior population, showcase commendable financial stability compared to the Texas state median income benchmark.
Things to know
Which age group reports the highest median household income in Swisher County, TX?
In Swisher County, households led by individuals aged 25 to 44 years report the highest median household income of $50,761 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 Swisher County, TX?
In terms of income distribution across age cohorts, in Swisher County, the median household income stands at $50,761 for householders within the 25 to 44 years age group, followed by $43,323 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 $26,317..
How does the median household income for households led by individuals of median age compare in Swisher County, TX?
The median age in Swisher County is 35.9, 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 Swisher County, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $50,761.
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)