Median Household Income by Age of Householder in Unity Village, MO (In 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Unity Village. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Unity Village.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | $37,083 |
| 45 to 64 years | - |
| 65 years and over | $51,250 |
TABLE OF CONTENTS
Unity Village, MO 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 Unity Village population by age, the median age in Unity Village is 28.6 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 Unity Village, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $37,083.
In terms of income distribution across age cohorts, in Unity Village, where there exist only two delineated age groups, the median household income is $51,250 for householders within the 65 years and over age group, compared to $37,083 for the 25 to 44 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 village of Unity Village.
FIGURE 1
Unity Village, MO median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Unity Village, 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. Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $36,059(237.37%), escalating from a median of $15,191 in 2013 to $51,250 in 2023. 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 $36,059(237.37%), increasing from a median of $15,191 in 2013 to $51,250 in 2023.
Unity Village, MO household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Unity Village 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 1(2.70%) households where the householder is under 25 years old, 9(24.32%) households with a householder aged between 25 and 44 years, 24(64.86%) households with a householder aged between 45 and 64 years, and 3(8.11%) households where the householder is over 65 years old.
The age group of 65 years and over 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 village of Unity Village, showcasing varying income levels among different age demographics.
FIGURE 2
Unity Village, MO household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Unity Village: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Unity Village household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Unity Village: 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 | - | 2 | - | - |
| $10,000 - $14,999 | - | - | 2 | - |
| $15,000 - $19,999 | - | - | - | 1 |
| $20,000 - $24,999 | 1 | - | - | - |
| $25,000 - $29,999 | - | - | - | - |
| $30,000 - $34,999 | - | - | 1 | - |
| $35,000 - $39,999 | - | 4 | 1 | - |
| $40,000 - $44,999 | - | 1 | - | - |
| $45,000 - $49,999 | - | 2 | - | - |
| $50,000 - $59,999 | - | - | 1 | 1 |
| $60,000 - $74,999 | - | - | 6 | 1 |
| $75,000 - $99,999 | - | - | 1 | - |
| $100,000 - $124,999 | - | - | 2 | - |
| $125,000 - $149,999 | - | - | 1 | - |
| $150,000 - $199,999 | - | - | 2 | - |
| $200,000 or more | - | - | 7 | - |
To further explore the income distribution and gain insights into financial landscape of Unity Village when compared to the state of Missouri 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 Unity Village, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $68,920 for the state of Missouri. 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 Unity Village, there are no households led by individuals aged 25 to 44, that meet or surpass the state of Missouri median income of $68,920. Thus of the total 9 households in Unity Village, where the householder is 25-44 years old, none had an income higher than the median state income.
- Householder 45 to 64 years: In Unity Village, within the age group of 45 to 64 years, a remarkable 79.17% of households meet or exceed the state of Missouri median income of $68,920. These 19 households, out of the total 24 households in this age cohort, signify a substantial portion of mature demographic of Unity Village, showcasing commendable financial stability in comparison to the Missouri state median income benchmark.
- Householder 65 years and over: In Unity Village, among the over 65 years age group, a noteworthy 33.33% of households either match or surpass the state of Missouri median income of $68,920. These 1 households, constituting notable portion of the Unity Village village senior population, showcase commendable financial stability compared to the Missouri state median income benchmark.
Things to know
Which age group reports the highest median household income in Unity Village, MO?
In Unity Village, households led by individuals aged 65 years and over report the highest median household income of $51,250 according to the American Community Survey 2019-2023 5-Year Estimates by the US Census Bureau.
How does the median household income vary by age in Unity Village, MO?
In terms of income distribution across age cohorts, in Unity Village, where there exist only two delineated age groups, the median household income is $51,250 for householders within the 65 years and over age group, compared to $37,083 for the 25 to 44 years age group..
How does the median household income for households led by individuals of median age compare in Unity Village, MO?
The median age in Unity Village is 28.6, 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 Unity Village, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $37,083.
References
- U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)
