Median Household Income by Age of Householder in Trenton, NC (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Trenton. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Trenton.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | $123,968 |
45 to 64 years | - |
65 years and over | $41,885 |
TABLE OF CONTENTS
Trenton, NC 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 Trenton population by age, the median age in Trenton is 41.3 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 Trenton, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $123,968.
In terms of income distribution across age cohorts, in Trenton, where there exist only two delineated age groups, the median household income is $123,968 for householders within the 25 to 44 years age group, compared to $41,885 for the 65 years and over 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 Trenton.
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 2011 and 2021, 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 $106,732(619.24%), escalating from a median of $17,236 in 2011 to $123,968 in 2021. Conversely, the age group of 65 years and over years witnessed the smallest growth in household income across the same span. Their median income saw a small increase of $5,273(14.40%), increasing from a median of $36,612 in 2011 to $41,885 in 2021.
Trenton, NC household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Trenton 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 3(4.35%) households where the householder is under 25 years old, 13(18.84%) households with a householder aged between 25 and 44 years, 31(44.93%) households with a householder aged between 45 and 64 years, and 22(31.88%) 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 Trenton, showcasing varying income levels among different age demographics.
Age-wise distribution of Trenton household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Trenton: 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 | - | - | 1 | 1 |
$10,000 - $14,999 | - | - | - | 4 |
$15,000 - $19,999 | - | - | - | 1 |
$20,000 - $24,999 | - | - | 7 | - |
$25,000 - $29,999 | - | 2 | 3 | - |
$30,000 - $34,999 | - | - | - | 3 |
$35,000 - $39,999 | - | - | 1 | 4 |
$40,000 - $44,999 | - | - | - | 2 |
$45,000 - $49,999 | - | - | 4 | - |
$50,000 - $59,999 | 3 | - | - | 7 |
$60,000 - $74,999 | - | - | 5 | - |
$75,000 - $99,999 | - | 1 | - | - |
$100,000 - $124,999 | - | 4 | 6 | - |
$125,000 - $149,999 | - | 3 | 1 | - |
$150,000 - $199,999 | - | 3 | 3 | - |
$200,000 or more | - | - | - | - |
To further explore the income distribution and gain insights into financial landscape of Trenton when compared to the state of North Carolina 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 Trenton, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $67,481 for the state of North Carolina. 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 Trenton, among households headed by individuals aged 25 to 44, an impressive 84.62% match or surpass the state of North Carolina median income of $67,481. These 11 households, represent a significant portion of the total 13 households in Trenton within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Trenton, within the age group of 45 to 64 years, a noteworthy 48.39% of households meet or exceed the state of North Carolina median income of $67,481. These 15 households, out of the total 31 households in this age cohort, signify a notable portion of mature demographic of Trenton, showcasing commendable financial stability in comparison to the North Carolina state median income benchmark.
- Householder 65 years and over: In Trenton, within the over 65 years age cohort, there are no households that meet or exceed the state of North Carolina median income of $67,481. Therefore, among the total number of households in this senior demographic, none have an income higher than the North Carolina state median income range.
Things to know
Which age group reports the highest median household income in Trenton, NC?
In Trenton, households led by individuals aged 25 to 44 years report the highest median household income of $123,968 according to the American Community Survey 2017-2021 5-Year Estimates by the US Census Bureau.
How does the median household income vary by age in Trenton, NC?
In terms of income distribution across age cohorts, in Trenton, where there exist only two delineated age groups, the median household income is $123,968 for householders within the 25 to 44 years age group, compared to $41,885 for the 65 years and over age group..
How does the median household income for households led by individuals of median age compare in Trenton, NC?
The median age in Trenton is 41.3, 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 Trenton, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $123,968.
References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)