Waller, TX Median Household Income By Age

Waller, TX 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 Waller population by age, the median age in Waller is 25.6 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 Waller, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $36,974.

In terms of income distribution across age cohorts, in Waller, the median household income stands at $76,272 for householders within the 45 to 64 years age group, followed by $36,974 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $28,358.

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 Waller.

FIGURE 1

Waller, TX median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Waller, 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, none had an increase in this time period. Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $4,461(5.53%), declining from a median of $80,733 in 2012 to $76,272 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 $41,585(52.93%), declining from a median of $78,559 in 2012 to $36,974 in 2022.

Waller, TX household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Waller 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 164(13.24%) households where the householder is under 25 years old, 636(51.33%) households with a householder aged between 25 and 44 years, 294(23.73%) households with a householder aged between 45 and 64 years, and 145(11.70%) households where the householder is over 65 years old.

The age group of 45 to 64 years exhibits the highest median household income, while the largest number of households falls within the 25 to 44 years bracket. This distribution hints at economic disparities within the city of Waller, showcasing varying income levels among different age demographics.

FIGURE 2

Waller, TX household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Waller: 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 Waller when compared to the state of Texas 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 18.90% of the households in Waller, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $76,048 for the state of Texas. These 31 Waller households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
• Householder 25 to 44 years: In Waller, among households headed by individuals aged 25 to 44,noteworthy that only 18.55% match or surpass the state of Texas median income of $76,048. These 118 households, represent a low portion of the total 636 households in Waller within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Waller, within the age group of 45 to 64 years, only 47.62% of households meet or exceed the state of Texas median income of $76,048. These 140 households, out of the total 294 households in this age cohort, signify a low portion of mature demographic of Waller, showcasing commendable financial stability in comparison to the Texas state median income benchmark.
• Householder 65 years and over: In Waller, among the over 65 years age group, only 9.66% of households either match or surpass the state of Texas median income of $76,048. These 14 households, constituting low portion of the Waller city senior population, showcase commendable financial stability compared to the Texas state median income benchmark.

Things to know

Which age group reports the highest median household income in Waller, TX?

In Waller, households led by individuals aged 45 to 64 years report the highest median household income of $76,272 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 Waller, TX?

In terms of income distribution across age cohorts, in Waller, the median household income stands at $76,272 for householders within the 45 to 64 years age group, followed by $36,974 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $28,358..

How does the median household income for households led by individuals of median age compare in Waller, TX?

The median age in Waller is 25.6, 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 Waller, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $36,974.

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