Median Household Income by Age of Householder in Walnut Grove, GA (2022, in 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Walnut Grove. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Walnut Grove.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | $136,404 |
| 25 to 44 years | $82,152 |
| 45 to 64 years | - |
| 65 years and over | $60,451 |
TABLE OF CONTENTS
Walnut Grove, 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 Walnut Grove population by age, the median age in Walnut Grove is 45.2 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 45 to 64 years age group in Walnut Grove. This absence could be attributed to a smaller working population or fewer household heads within this age range, potentially resulting in less reliable or unavailable data for reporting.
In terms of income distribution across age cohorts, in Walnut Grove, the median household income stands at $136,404 for householders within the under 25 years age group, followed by $82,152 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 $60,451.
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 Walnut Grove.
FIGURE 1
Walnut Grove, GA median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Walnut Grove, 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 a decline during this time period. Notably, household income for individuals within the Under 25 years age group demonstrated a remarkable increase of $106,768(360.26%), escalating from a median of $29,636 in 2012 to $136,404 in 2022. 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 $5,647(10.30%), increasing from a median of $54,804 in 2012 to $60,451 in 2022.
Walnut Grove, GA household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Walnut Grove 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 36(5.22%) households where the householder is under 25 years old, 161(23.37%) households with a householder aged between 25 and 44 years, 374(54.28%) households with a householder aged between 45 and 64 years, and 118(17.13%) households where the householder is over 65 years old.
The age group of under 25 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 Walnut Grove, showcasing varying income levels among different age demographics.
FIGURE 2
Walnut Grove, GA household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Walnut Grove: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Walnut Grove household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Walnut Grove: 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 | - | - | 22 | - |
| $10,000 - $14,999 | - | 7 | 4 | 5 |
| $15,000 - $19,999 | 4 | 5 | 3 | 3 |
| $20,000 - $24,999 | - | 7 | 9 | 16 |
| $25,000 - $29,999 | - | - | 18 | - |
| $30,000 - $34,999 | 4 | 3 | 25 | 6 |
| $35,000 - $39,999 | - | 1 | 10 | 4 |
| $40,000 - $44,999 | - | - | 4 | 3 |
| $45,000 - $49,999 | - | - | 15 | 6 |
| $50,000 - $59,999 | - | 17 | 4 | 23 |
| $60,000 - $74,999 | - | 6 | 24 | 19 |
| $75,000 - $99,999 | - | 89 | 58 | 16 |
| $100,000 - $124,999 | - | 15 | 8 | 8 |
| $125,000 - $149,999 | 25 | 11 | 148 | 2 |
| $150,000 - $199,999 | 3 | - | 6 | - |
| $200,000 or more | - | - | 16 | 7 |
To further explore the income distribution and gain insights into financial landscape of Walnut Grove 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 77.78% of the households in Walnut Grove, 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 28 Walnut Grove households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In Walnut Grove, among households headed by individuals aged 25 to 44, an impressive 75.16% match or surpass the state of Georgia median income of $74,298. These 121 households, represent a significant portion of the total 161 households in Walnut Grove within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Walnut Grove, within the age group of 45 to 64 years, a remarkable 69.52% of households meet or exceed the state of Georgia median income of $74,298. These 260 households, out of the total 374 households in this age cohort, signify a substantial portion of mature demographic of Walnut Grove, showcasing commendable financial stability in comparison to the Georgia state median income benchmark.
- Householder 65 years and over: In Walnut Grove, among the over 65 years age group, a noteworthy 44.07% of households either match or surpass the state of Georgia median income of $74,298. These 52 households, constituting notable portion of the Walnut Grove 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 Walnut Grove, GA?
In Walnut Grove, households led by individuals aged under 25 years report the highest median household income of $136,404 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 Walnut Grove, GA?
In terms of income distribution across age cohorts, in Walnut Grove, the median household income stands at $136,404 for householders within the under 25 years age group, followed by $82,152 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 $60,451..
How does the median household income for households led by individuals of median age compare in Walnut Grove, GA?
The median age in Walnut Grove is 45.2, 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 45 to 64 years age group in Walnut Grove. This absence could be attributed to a smaller working population or fewer household heads within this age range, potentially resulting in less reliable or unavailable data for reporting.
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)