Wisconsin Dells, WI Median Household Income By Age

Wisconsin Dells, WI 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 Wisconsin Dells population by age, the median age in Wisconsin Dells is 50 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 Wisconsin Dells, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $67,801.

In terms of income distribution across age cohorts, in Wisconsin Dells, where there exist only two delineated age groups, the median household income is $67,801 for householders within the 45 to 64 years age group, compared to $41,923 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 city of Wisconsin Dells.

FIGURE 1

Wisconsin Dells, WI median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Wisconsin Dells, 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 2012 and 2022, one groups encountered a decline in their median household income, while the remaining one experienced an increase during this period. Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $12,452(42.25%), escalating from a median of $29,471 in 2012 to $41,923 in 2022. Conversely, the age group of 45 to 64 years years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $8,369(10.99%), declining from a median of $76,170 in 2012 to $67,801 in 2022.

Wisconsin Dells, WI household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Wisconsin Dells 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 32(2.40%) households where the householder is under 25 years old, 296(22.24%) households with a householder aged between 25 and 44 years, 638(47.93%) households with a householder aged between 45 and 64 years, and 365(27.42%) households where the householder is over 65 years old.

In Wisconsin Dells, the age group of 45 to 64 years stands out with both the highest median income and the maximum share of households. This alignment suggests a financially stable demographic, indicating an established community with stable careers and higher incomes.

FIGURE 2

Wisconsin Dells, WI household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Wisconsin Dells: 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 Wisconsin Dells 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: It is impressive that 53.12% of the households in Wisconsin Dells, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $75,447 for the state of Wisconsin. These 17 Wisconsin Dells households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
• Householder 25 to 44 years: In Wisconsin Dells, among households headed by individuals aged 25 to 44, an impressive 61.49% match or surpass the state of Wisconsin median income of $75,447. These 182 households, represent a significant portion of the total 296 households in Wisconsin Dells within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Wisconsin Dells, within the age group of 45 to 64 years, a noteworthy 31.66% of households meet or exceed the state of Wisconsin median income of $75,447. These 202 households, out of the total 638 households in this age cohort, signify a notable portion of mature demographic of Wisconsin Dells, showcasing commendable financial stability in comparison to the Wisconsin state median income benchmark.
• Householder 65 years and over: In Wisconsin Dells, among the over 65 years age group, a noteworthy 33.15% of households either match or surpass the state of Wisconsin median income of $75,447. These 121 households, constituting notable portion of the Wisconsin Dells city 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 Wisconsin Dells, WI?

In Wisconsin Dells, households led by individuals aged 45 to 64 years report the highest median household income of $67,801 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 Wisconsin Dells, WI?

In terms of income distribution across age cohorts, in Wisconsin Dells, where there exist only two delineated age groups, the median household income is $67,801 for householders within the 45 to 64 years age group, compared to $41,923 for the 65 years and over age group..

How does the median household income for households led by individuals of median age compare in Wisconsin Dells, WI?

The median age in Wisconsin Dells is 50, 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 Wisconsin Dells, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $67,801.

References

Notes