Tallulah Falls, GA Median Household Income By Age

Tallulah Falls, GA 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 Tallulah Falls population by age, the median age in Tallulah Falls is 18.4 years.

Typically for a location with median age in this range, it likely boasts a youthful population, indication a potential hub for emerging workforce. Interestingly, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the Under 25 years age group in Tallulah Falls. 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 Tallulah Falls, where there exist only two delineated age groups, the median household income is $137,098 for householders within the 25 to 44 years age group, compared to $43,928 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 Tallulah Falls.

FIGURE 1

Tallulah Falls, GA median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Tallulah Falls, 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 25 to 44 years age group demonstrated a remarkable increase of $77,751(131.01%), escalating from a median of $59,347 in 2012 to $137,098 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 $11,003(33.42%), increasing from a median of $32,925 in 2012 to $43,928 in 2022.

Tallulah Falls, GA household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Tallulah Falls 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 0 households where the householder is under 25 years old, 12(23.08%) households with a householder aged between 25 and 44 years, 29(55.77%) households with a householder aged between 45 and 64 years, and 11(21.15%) 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 Tallulah Falls, showcasing varying income levels among different age demographics.

FIGURE 2

Tallulah Falls, GA household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Tallulah Falls: 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 Tallulah Falls when compared to the state of Georgia 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: In Tallulah Falls, the comparison with the median income of the state and the nation remains inapplicable as there are no households headed by individuals under 25 years old.
• Householder 25 to 44 years: In Tallulah Falls, among households headed by individuals aged 25 to 44, an impressive 100% match or surpass the state of Georgia median income of $74,298. These 12 households, represent a significant portion of the total 12 households in Tallulah Falls within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Tallulah Falls, within the age group of 45 to 64 years, a noteworthy 27.59% of households meet or exceed the state of Georgia median income of $74,298. These 8 households, out of the total 29 households in this age cohort, signify a notable portion of mature demographic of Tallulah Falls, showcasing commendable financial stability in comparison to the Georgia state median income benchmark.
• Householder 65 years and over: In Tallulah Falls, among the over 65 years age group, a noteworthy 27.27% of households either match or surpass the state of Georgia median income of $74,298. These 3 households, constituting notable portion of the Tallulah Falls town senior population, showcase commendable financial stability compared to the Georgia state median income benchmark.

Things to know

Which age group reports the highest median household income in Tallulah Falls, GA?

In Tallulah Falls, households led by individuals aged 25 to 44 years report the highest median household income of $137,098 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 Tallulah Falls, GA?

In terms of income distribution across age cohorts, in Tallulah Falls, where there exist only two delineated age groups, the median household income is $137,098 for householders within the 25 to 44 years age group, compared to $43,928 for the 45 to 64 years age group..

How does the median household income for households led by individuals of median age compare in Tallulah Falls, GA?

The median age in Tallulah Falls is 18.4, which falls within the Under 25 years range among the four age groups defined by the US Census Bureau. This demographic likely boasts a youthful population, indication a potential hub for emerging workforce. Interestingly, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the Under 25 years age group in Tallulah Falls. 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.

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