Median Household Income by Age of Householder in Briarcliff Manor, NY (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Briarcliff Manor. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Briarcliff Manor.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | $262,459 |
45 to 64 years | $248,047 |
65 years and over | $110,793 |
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Briarcliff Manor, NY 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 Briarcliff Manor population by age, the median age in Briarcliff Manor is 49 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 Briarcliff Manor, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $248,047.
In terms of income distribution across age cohorts, in Briarcliff Manor, the median household income stands at $262,459 for householders within the 25 to 44 years age group, followed by $248,047 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 $110,793.
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 village of Briarcliff Manor.
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 2011 and 2021, two 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 $3,735(3.49%), escalating from a median of $107,058 in 2011 to $110,793 in 2021. Conversely, the age group of 25 to 44 years years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $64,436(19.71%), declining from a median of $326,895 in 2011 to $262,459 in 2021.
Briarcliff Manor, NY household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Briarcliff Manor 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, 464(16.95%) households with a householder aged between 25 and 44 years, 1,322(48.28%) households with a householder aged between 45 and 64 years, and 952(34.77%) 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 village of Briarcliff Manor, showcasing varying income levels among different age demographics.
Age-wise distribution of Briarcliff Manor household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Briarcliff Manor: 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 | - | 11 | 22 | 97 |
$10,000 - $14,999 | - | - | 38 | 19 |
$15,000 - $19,999 | - | - | - | 48 |
$20,000 - $24,999 | - | 32 | - | 43 |
$25,000 - $29,999 | - | - | 6 | 45 |
$30,000 - $34,999 | - | - | - | 9 |
$35,000 - $39,999 | - | - | 16 | 10 |
$40,000 - $44,999 | - | - | - | 6 |
$45,000 - $49,999 | - | - | 27 | 6 |
$50,000 - $59,999 | - | - | 20 | 69 |
$60,000 - $74,999 | - | 8 | 8 | 17 |
$75,000 - $99,999 | - | 42 | 42 | 98 |
$100,000 - $124,999 | - | 27 | 84 | 59 |
$125,000 - $149,999 | - | 5 | 239 | 29 |
$150,000 - $199,999 | - | 76 | 97 | 97 |
$200,000 or more | - | 263 | 723 | 300 |
To further explore the income distribution and gain insights into financial landscape of Briarcliff Manor when compared to the state of New York 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 Briarcliff Manor, 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 Briarcliff Manor, among households headed by individuals aged 25 to 44, an impressive 89.01% match or surpass the state of New York median income of $79,557. These 413 households, represent a significant portion of the total 464 households in Briarcliff Manor within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Briarcliff Manor, within the age group of 45 to 64 years, a remarkable 89.64% of households meet or exceed the state of New York median income of $79,557. These 1,185 households, out of the total 1,322 households in this age cohort, signify a substantial portion of mature demographic of Briarcliff Manor, showcasing commendable financial stability in comparison to the New York state median income benchmark.
- Householder 65 years and over: In Briarcliff Manor, among the over 65 years age group, an impressive 61.24% of households either match or surpass the state of New York median income of $79,557. These 583 households, constituting a significant portion of the Briarcliff Manor village senior population, showcase commendable financial stability compared to the New York state median income benchmark.
Things to know
Which age group reports the highest median household income in Briarcliff Manor, NY?
In Briarcliff Manor, households led by individuals aged 25 to 44 years report the highest median household income of $262,459 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 Briarcliff Manor, NY?
In terms of income distribution across age cohorts, in Briarcliff Manor, the median household income stands at $262,459 for householders within the 25 to 44 years age group, followed by $248,047 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 $110,793..
How does the median household income for households led by individuals of median age compare in Briarcliff Manor, NY?
The median age in Briarcliff Manor is 49, 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 Briarcliff Manor, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $248,047.
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)