Median Household Income by Age of Householder in Twin City, GA (2022, in 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Twin City. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Twin City.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | $48,158 |
| 45 to 64 years | $35,272 |
| 65 years and over | $36,930 |
TABLE OF CONTENTS
Twin City, 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 Twin City population by age, the median age in Twin City is 43 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 Twin City, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $48,158.
In terms of income distribution across age cohorts, in Twin City, the median household income stands at $48,158 for householders within the 25 to 44 years age group, followed by $36,930 for the 65 years and over age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $35,272.
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 city of Twin City.
FIGURE 1
Twin City, GA median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Twin City, 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, one groups encountered a decline in their median household income, while the remaining two experienced an increase during this period. Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $13,699(58.97%), escalating from a median of $23,231 in 2012 to $36,930 in 2022. Conversely, the age group of 25 to 44 years years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $8,244(14.62%), declining from a median of $56,402 in 2012 to $48,158 in 2022.
Twin City, GA household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Twin City 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(0.67%) households where the householder is under 25 years old, 128(21.44%) households with a householder aged between 25 and 44 years, 236(39.53%) households with a householder aged between 45 and 64 years, and 229(38.36%) 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 city of Twin City, showcasing varying income levels among different age demographics.
FIGURE 2
Twin City, GA household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Twin City: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Twin City household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Twin City: 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 | - | - | 52 | 13 |
| $10,000 - $14,999 | - | - | 28 | 7 |
| $15,000 - $19,999 | - | - | 2 | 14 |
| $20,000 - $24,999 | - | - | 4 | 41 |
| $25,000 - $29,999 | - | - | 14 | 7 |
| $30,000 - $34,999 | - | - | 27 | 17 |
| $35,000 - $39,999 | - | 38 | 9 | 85 |
| $40,000 - $44,999 | - | 26 | - | 5 |
| $45,000 - $49,999 | - | - | 4 | 7 |
| $50,000 - $59,999 | - | 12 | 16 | 2 |
| $60,000 - $74,999 | 4 | 8 | 8 | 8 |
| $75,000 - $99,999 | - | 35 | 27 | 11 |
| $100,000 - $124,999 | - | - | 20 | - |
| $125,000 - $149,999 | - | 9 | 16 | 10 |
| $150,000 - $199,999 | - | - | 6 | 2 |
| $200,000 or more | - | - | 3 | - |
To further explore the income distribution and gain insights into financial landscape of Twin City 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: It is impressive that 100% of the households in Twin City, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $74,298 for the state of Georgia. These 4 Twin City households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In Twin City, among households headed by individuals aged 25 to 44,worth noting that 40.62% match or surpass the state of Georgia median income of $74,298. These 52 households, represent a notable portion of the total 128 households in Twin City within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Twin City, within the age group of 45 to 64 years, a noteworthy 33.90% of households meet or exceed the state of Georgia median income of $74,298. These 80 households, out of the total 236 households in this age cohort, signify a notable portion of mature demographic of Twin City, showcasing commendable financial stability in comparison to the Georgia state median income benchmark.
- Householder 65 years and over: In Twin City, among the over 65 years age group, only 13.54% of households either match or surpass the state of Georgia median income of $74,298. These 31 households, constituting low portion of the Twin City city 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 Twin City, GA?
In Twin City, households led by individuals aged 25 to 44 years report the highest median household income of $48,158 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 Twin City, GA?
In terms of income distribution across age cohorts, in Twin City, the median household income stands at $48,158 for householders within the 25 to 44 years age group, followed by $36,930 for the 65 years and over age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $35,272..
How does the median household income for households led by individuals of median age compare in Twin City, GA?
The median age in Twin City is 43, 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 Twin City, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $48,158.
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)