Sycamore Hills, MO Median Household Income By Age

Sycamore Hills, MO 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 Sycamore Hills population by age, the median age in Sycamore Hills is 49.3 years.

Typically for a location with median age in this range, it tends to house more established professionals, possibly reflecting stable households and higher earning poptential. Interestingly, within Sycamore Hills, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $90,068.

In terms of income distribution across age cohorts, in Sycamore Hills, the median household income stands at $90,068 for householders within the 45 to 64 years age group, followed by $59,005 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 $42,301.

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 village of Sycamore Hills.

FIGURE 1

Sycamore Hills, MO median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Sycamore Hills, 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 65 years and over age group demonstrated a remarkable increase of $7,054(20.01%), escalating from a median of $35,247 in 2012 to $42,301 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 $8,954(9.04%), declining from a median of $99,022 in 2012 to $90,068 in 2022.

Sycamore Hills, MO household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Sycamore Hills 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 4(1.22%) households where the householder is under 25 years old, 66(20.18%) households with a householder aged between 25 and 44 years, 164(50.15%) households with a householder aged between 45 and 64 years, and 93(28.44%) households where the householder is over 65 years old.

In Sycamore Hills, 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

Sycamore Hills, MO household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Sycamore Hills: 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 Sycamore Hills when compared to the state of Missouri 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 Sycamore Hills, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $68,639 for the state of Missouri. 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 Sycamore Hills, among households headed by individuals aged 25 to 44,worth noting that 46.97% match or surpass the state of Missouri median income of $68,639. These 31 households, represent a notable portion of the total 66 households in Sycamore Hills within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Sycamore Hills, within the age group of 45 to 64 years, a remarkable 88.41% of households meet or exceed the state of Missouri median income of $68,639. These 145 households, out of the total 164 households in this age cohort, signify a substantial portion of mature demographic of Sycamore Hills, showcasing commendable financial stability in comparison to the Missouri state median income benchmark.
• Householder 65 years and over: In Sycamore Hills, among the over 65 years age group, a noteworthy 40.86% of households either match or surpass the state of Missouri median income of $68,639. These 38 households, constituting notable portion of the Sycamore Hills village senior population, showcase commendable financial stability compared to the Missouri state median income benchmark.

Things to know

Which age group reports the highest median household income in Sycamore Hills, MO?

In Sycamore Hills, households led by individuals aged 45 to 64 years report the highest median household income of $90,068 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 Sycamore Hills, MO?

In terms of income distribution across age cohorts, in Sycamore Hills, the median household income stands at $90,068 for householders within the 45 to 64 years age group, followed by $59,005 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 $42,301..

How does the median household income for households led by individuals of median age compare in Sycamore Hills, MO?

The median age in Sycamore Hills is 49.3, which falls within the 45 to 64 years range among the four age groups defined by the US Census Bureau. This demographic tends to house more established professionals, possibly reflecting stable households and higher earning poptential. Interestingly, within Sycamore Hills, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $90,068.

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