Union Dale, PA Median Household Income By Age

Union Dale, PA 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 Union Dale population by age, the median age in Union Dale is 62.1 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 Union Dale, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $79,395.

In terms of income distribution across age cohorts, in Union Dale, the median household income stands at $79,395 for householders within the 45 to 64 years age group, followed by $76,141 for the under 25 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $53,178.

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 borough of Union Dale.

FIGURE 1

Union Dale, PA median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Union Dale, 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 65 years and over age group demonstrated a remarkable increase of $14,003(35.74%), escalating from a median of $39,175 in 2012 to $53,178 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 $3,267(4.29%), increasing from a median of $76,128 in 2012 to $79,395 in 2022.

Union Dale, PA household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Union Dale 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 5(5.49%) households where the householder is under 25 years old, 9(9.89%) households with a householder aged between 25 and 44 years, 39(42.86%) households with a householder aged between 45 and 64 years, and 38(41.76%) households where the householder is over 65 years old.

In Union Dale, 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

Union Dale, PA household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Union Dale: 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 Union Dale when compared to the state of Pennsylvania 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 only 20% of the households in Union Dale, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $76,188 for the state of Pennsylvania. These 1 Union Dale households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
• Householder 25 to 44 years: In Union Dale, among households headed by individuals aged 25 to 44,noteworthy that only 11.11% match or surpass the state of Pennsylvania median income of $76,188. These 1 households, represent a low portion of the total 9 households in Union Dale within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Union Dale, within the age group of 45 to 64 years, a remarkable 51.28% of households meet or exceed the state of Pennsylvania median income of $76,188. These 20 households, out of the total 39 households in this age cohort, signify a substantial portion of mature demographic of Union Dale, showcasing commendable financial stability in comparison to the Pennsylvania state median income benchmark.
• Householder 65 years and over: In Union Dale, among the over 65 years age group, only 23.68% of households either match or surpass the state of Pennsylvania median income of $76,188. These 9 households, constituting low portion of the Union Dale borough senior population, showcase commendable financial stability compared to the Pennsylvania state median income benchmark.

Things to know

Which age group reports the highest median household income in Union Dale, PA?

In Union Dale, households led by individuals aged 45 to 64 years report the highest median household income of $79,395 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 Union Dale, PA?

In terms of income distribution across age cohorts, in Union Dale, the median household income stands at $79,395 for householders within the 45 to 64 years age group, followed by $76,141 for the under 25 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $53,178..

How does the median household income for households led by individuals of median age compare in Union Dale, PA?

The median age in Union Dale is 62.1, 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 Union Dale, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $79,395.

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