Yellow Bluff, AL Median Household Income By Age

Yellow Bluff, AL 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 Yellow Bluff population by age, the median age in Yellow Bluff is 61.3 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 Yellow Bluff, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $14,317.

In terms of income distribution across age cohorts, in Yellow Bluff, where there exist only two delineated age groups, the median household income is $14,317 for householders within the 45 to 64 years age group, compared to $12,581 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 Yellow Bluff.

FIGURE 1

Yellow Bluff, AL median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Yellow Bluff, 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, none had an increase in this time period. Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $15,759(55.61%), declining from a median of $28,340 in 2012 to $12,581 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 $20,357(58.71%), declining from a median of $34,674 in 2012 to $14,317 in 2022.

Yellow Bluff, AL household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Yellow Bluff 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, 1(1.20%) households with a householder aged between 25 and 44 years, 31(37.35%) households with a householder aged between 45 and 64 years, and 51(61.45%) 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 Yellow Bluff, showcasing varying income levels among different age demographics.

FIGURE 2

Yellow Bluff, AL household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Yellow Bluff: 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 Yellow Bluff when compared to the state of Alabama 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 Yellow Bluff, 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 Yellow Bluff, among households headed by individuals aged 25 to 44, an impressive 100% match or surpass the state of Alabama median income of $62,068. These 1 households, represent a significant portion of the total 1 households in Yellow Bluff within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Yellow Bluff, within the age group of 45 to 64 years, a noteworthy 6.45% of households meet or exceed the state of Alabama median income of $62,068. These 2 households, out of the total 31 households in this age cohort, signify a notable portion of mature demographic of Yellow Bluff, showcasing commendable financial stability in comparison to the Alabama state median income benchmark.
• Householder 65 years and over: In Yellow Bluff, within the over 65 years age cohort, there are no households that meet or exceed the state of Alabama median income of $62,068. Therefore, among the total number of households in this senior demographic, none have an income higher than the Alabama state median income range.

Things to know

Which age group reports the highest median household income in Yellow Bluff, AL?

In Yellow Bluff, households led by individuals aged 45 to 64 years report the highest median household income of $14,317 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 Yellow Bluff, AL?

In terms of income distribution across age cohorts, in Yellow Bluff, where there exist only two delineated age groups, the median household income is $14,317 for householders within the 45 to 64 years age group, compared to $12,581 for the 65 years and over age group..

How does the median household income for households led by individuals of median age compare in Yellow Bluff, AL?

The median age in Yellow Bluff is 61.3, 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 Yellow Bluff, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $14,317.

References

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