Median Household Income by Age of Householder in Waterville Valley, New Hampshire (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Waterville Valley town. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Waterville Valley town.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | - |
45 to 64 years | $182,404 |
65 years and over | $90,019 |
TABLE OF CONTENTS
Waterville Valley, New Hampshire 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 Waterville Valley town population by age, the median age in Waterville Valley town is 59.9 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 Waterville Valley town, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $182,404.
In terms of income distribution across age cohorts, in Waterville Valley town, where there exist only two delineated age groups, the median household income is $182,404 for householders within the 45 to 64 years age group, compared to $90,019 for the 65 years and over 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 town of Waterville Valley town.
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 2011 and 2021, none had a decline during this time period. Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $47,560(35.27%), escalating from a median of $134,844 in 2011 to $182,404 in 2021. 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 $23,155(34.63%), increasing from a median of $66,864 in 2011 to $90,019 in 2021.
Waterville Valley, New Hampshire household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Waterville Valley town 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(1.01%) households where the householder is under 25 years old, 11(11.11%) households with a householder aged between 25 and 44 years, 38(38.38%) households with a householder aged between 45 and 64 years, and 49(49.49%) 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 65 years and over bracket. This distribution hints at economic disparities within the town of Waterville Valley town, showcasing varying income levels among different age demographics.
Age-wise distribution of Waterville Valley town household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Waterville Valley town: 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 | - | - | - | - |
$10,000 - $14,999 | - | - | - | - |
$15,000 - $19,999 | - | - | 4 | 1 |
$20,000 - $24,999 | - | - | - | - |
$25,000 - $29,999 | - | - | - | 5 |
$30,000 - $34,999 | - | - | 7 | - |
$35,000 - $39,999 | - | - | - | - |
$40,000 - $44,999 | - | - | - | - |
$45,000 - $49,999 | - | - | 2 | - |
$50,000 - $59,999 | - | - | - | 11 |
$60,000 - $74,999 | 1 | 11 | - | - |
$75,000 - $99,999 | - | - | - | 18 |
$100,000 - $124,999 | - | - | - | - |
$125,000 - $149,999 | - | - | 4 | 4 |
$150,000 - $199,999 | - | - | 11 | - |
$200,000 or more | - | - | 10 | 10 |
To further explore the income distribution and gain insights into financial landscape of Waterville Valley town when compared to the state of New Hampshire 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 Waterville Valley town, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $89,992 for the state of New Hampshire. 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 Waterville Valley town, there are no households led by individuals aged 25 to 44, that meet or surpass the state of New Hampshire median income of $89,992. Thus of the total 11 households in Waterville Valley town, where the householder is 25-44 years old, none had an income higher than the median state income.
- Householder 45 to 64 years: In Waterville Valley town, within the age group of 45 to 64 years, a remarkable 65.79% of households meet or exceed the state of New Hampshire median income of $89,992. These 25 households, out of the total 38 households in this age cohort, signify a substantial portion of mature demographic of Waterville Valley town, showcasing commendable financial stability in comparison to the New Hampshire state median income benchmark.
- Householder 65 years and over: In Waterville Valley town, among the over 65 years age group, an impressive 65.31% of households either match or surpass the state of New Hampshire median income of $89,992. These 32 households, constituting a significant portion of the Waterville Valley town town senior population, showcase commendable financial stability compared to the New Hampshire state median income benchmark.
Things to know
Which age group reports the highest median household income in Waterville Valley, New Hampshire?
In Waterville Valley town, households led by individuals aged 45 to 64 years report the highest median household income of $182,404 according to the American Community Survey 2017-2021 5-Year Estimates by the US Census Bureau.
How does the median household income vary by age in Waterville Valley, New Hampshire?
In terms of income distribution across age cohorts, in Waterville Valley town, where there exist only two delineated age groups, the median household income is $182,404 for householders within the 45 to 64 years age group, compared to $90,019 for the 65 years and over age group..
How does the median household income for households led by individuals of median age compare in Waterville Valley, New Hampshire?
The median age in Waterville Valley town is 59.9, 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 Waterville Valley town, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $182,404.
References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)