Age of householder
Per the latest American Community Survey by the Census Bureau, Lowndesboro sees its highest median household income among householders in the age group of 65 years and over old, at $56,748. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Lowndesboro only reports a median household income of $56,748 among householders in the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $8,531(17.69%), escalating from a median of $48,217 in 2011 to $56,748 in 2021.
- 0 households where the householder is under 25 years old.
- 6(12.24%) households with a householder aged between 25 and 44 years.
- 19(38.78%) households with a householder aged between 45 and 64 years.
- 24(48.98%) households where the householder is over 65 years old.
Read more about Lowndesboro, AL median household income by age ➔
Year by year
Lowndesboro, AL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Lowndesboro increased by $7,678 (13.59%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2011 to 2012, when the median household income increased by 22,162 (from $55,486 to $77,648). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 46,732 (from $95,513 to $48,781).
- NA
- With a Gini coefficient of 0.4391, it is evident that income distribution in Lowndesboro, AL exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $24,589.
Read more about Lowndesboro, AL median household income ➔