Median Household Income by Age of Householder in Webb Lake, Wisconsin (In 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Webb Lake town. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Webb Lake town.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | - |
| 45 to 64 years | $91,250 |
| 65 years and over | $59,792 |
TABLE OF CONTENTS
Webb Lake, Wisconsin 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 Webb Lake town population by age, the median age in Webb Lake town is 65.3 years.
Typically for a location with median age in this range, it suggests a significant population of retirees or older individuals. Interestingly, within Webb Lake town, the age group of 65 years and over exhibited the second-highest median household income, recorded at $59,792.
In terms of income distribution across age cohorts, in Webb Lake town, where there exist only two delineated age groups, the median household income is $91,250 for householders within the 45 to 64 years age group, compared to $59,792 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 Webb Lake town.
FIGURE 1
Webb Lake, Wisconsin median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Webb Lake town, 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 2013 and 2023, 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 $40,069(78.29%), escalating from a median of $51,181 in 2013 to $91,250 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 $11,840(24.69%), increasing from a median of $47,952 in 2013 to $59,792 in 2023.
Webb Lake, Wisconsin household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Webb Lake 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 0 households where the householder is under 25 years old, 17(8.21%) households with a householder aged between 25 and 44 years, 71(34.30%) households with a householder aged between 45 and 64 years, and 119(57.49%) 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 Webb Lake town, showcasing varying income levels among different age demographics.
FIGURE 2
Webb Lake, Wisconsin household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Webb Lake town: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Webb Lake town household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Webb Lake 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 | - | 2 | 6 | 7 |
| $10,000 - $14,999 | - | - | 2 | - |
| $15,000 - $19,999 | - | - | 2 | 14 |
| $20,000 - $24,999 | - | - | 2 | 4 |
| $25,000 - $29,999 | - | - | - | 4 |
| $30,000 - $34,999 | - | - | - | 8 |
| $35,000 - $39,999 | - | - | 4 | 4 |
| $40,000 - $44,999 | - | - | 1 | 4 |
| $45,000 - $49,999 | - | - | 2 | 4 |
| $50,000 - $59,999 | - | - | 6 | 11 |
| $60,000 - $74,999 | - | 1 | 4 | 28 |
| $75,000 - $99,999 | - | 4 | 9 | 11 |
| $100,000 - $124,999 | - | - | 6 | 3 |
| $125,000 - $149,999 | - | - | 6 | 8 |
| $150,000 - $199,999 | - | 2 | 9 | 3 |
| $200,000 or more | - | 8 | 12 | 6 |
To further explore the income distribution and gain insights into financial landscape of Webb Lake town when compared to the state of Wisconsin 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: In Webb Lake town, the comparison with the median income of the state and the nation remains inapplicable as there are no households headed by individuals under 25 years old.
- Householder 25 to 44 years: In Webb Lake town, among households headed by individuals aged 25 to 44, an impressive 82.35% match or surpass the state of Wisconsin median income of $75,670. These 14 households, represent a significant portion of the total 17 households in Webb Lake town within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Webb Lake town, within the age group of 45 to 64 years, a remarkable 59.15% of households meet or exceed the state of Wisconsin median income of $75,670. These 42 households, out of the total 71 households in this age cohort, signify a substantial portion of mature demographic of Webb Lake town, showcasing commendable financial stability in comparison to the Wisconsin state median income benchmark.
- Householder 65 years and over: In Webb Lake town, among the over 65 years age group, a noteworthy 26.05% of households either match or surpass the state of Wisconsin median income of $75,670. These 31 households, constituting notable portion of the Webb Lake town town senior population, showcase commendable financial stability compared to the Wisconsin state median income benchmark.
Things to know
Which age group reports the highest median household income in Webb Lake, Wisconsin?
In Webb Lake town, households led by individuals aged 45 to 64 years report the highest median household income of $91,250 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 Webb Lake, Wisconsin?
In terms of income distribution across age cohorts, in Webb Lake town, where there exist only two delineated age groups, the median household income is $91,250 for householders within the 45 to 64 years age group, compared to $59,792 for the 65 years and over age group..
How does the median household income for households led by individuals of median age compare in Webb Lake, Wisconsin?
The median age in Webb Lake town is 65.3, which falls within the 65 years and over range among the four age groups defined by the US Census Bureau. This demographic suggests a significant population of retirees or older individuals. Interestingly, within Webb Lake town, the age group of 65 years and over exhibited the second-highest median household income, recorded at $59,792.
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)
