White River, SD Median Household Income By Age

White River, SD 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 White River population by age, the median age in White River is 27.7 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 White River, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $96,626.

In terms of income distribution across age cohorts, in White River, the median household income stands at $96,626 for householders within the 25 to 44 years age group, followed by $68,723 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $35,142.

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 White River.

FIGURE 1

White River, SD median household income by age of householder

It offers a clear illustration of the differences in median household incomes in White River, 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, one groups encountered a decline in their median household income, while the remaining two experienced an increase during this period. Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $29,964(77.31%), escalating from a median of $38,759 in 2012 to $68,723 in 2022. Conversely, the age group of 65 years and over years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $9,127(20.62%), declining from a median of $44,269 in 2012 to $35,142 in 2022.

White River, SD household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the White River 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 2(1%) households where the householder is under 25 years old, 63(31.50%) households with a householder aged between 25 and 44 years, 76(38%) households with a householder aged between 45 and 64 years, and 59(29.50%) households where the householder is over 65 years old.

The age group of 25 to 44 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 White River, showcasing varying income levels among different age demographics.

FIGURE 2

White River, SD household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in White River: 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 White River when compared to the state of South Dakota 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 White River, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $72,322 for the state of South Dakota. 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 White River, among households headed by individuals aged 25 to 44, an impressive 76.19% match or surpass the state of South Dakota median income of $72,322. These 48 households, represent a significant portion of the total 63 households in White River within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In White River, within the age group of 45 to 64 years, a remarkable 52.63% of households meet or exceed the state of South Dakota median income of $72,322. These 40 households, out of the total 76 households in this age cohort, signify a substantial portion of mature demographic of White River, showcasing commendable financial stability in comparison to the South Dakota state median income benchmark.
• Householder 65 years and over: In White River, among the over 65 years age group, only 16.95% of households either match or surpass the state of South Dakota median income of $72,322. These 10 households, constituting low portion of the White River city senior population, showcase commendable financial stability compared to the South Dakota state median income benchmark.

Things to know

Which age group reports the highest median household income in White River, SD?

In White River, households led by individuals aged 25 to 44 years report the highest median household income of $96,626 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 White River, SD?

In terms of income distribution across age cohorts, in White River, the median household income stands at $96,626 for householders within the 25 to 44 years age group, followed by $68,723 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $35,142..

How does the median household income for households led by individuals of median age compare in White River, SD?

The median age in White River is 27.7, 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 White River, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $96,626.

References

Notes