Median Household Income by Age of Householder in Cape Carteret, NC (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Cape Carteret. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Cape Carteret.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | - |
45 to 64 years | $103,245 |
65 years and over | $58,338 |
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Cape Carteret, NC 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 Cape Carteret population by age, the median age in Cape Carteret is 41.6 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 25 to 44 years age group in Cape Carteret. This absence could be attributed to a smaller working population or fewer household heads within this age range, potentially resulting in less reliable or unavailable data for reporting.
In terms of income distribution across age cohorts, in Cape Carteret, where there exist only two delineated age groups, the median household income is $103,245 for householders within the 45 to 64 years age group, compared to $58,338 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 Cape Carteret.
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 2011 and 2021, 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 45 to 64 years age group demonstrated a remarkable increase of $18,510(21.84%), escalating from a median of $84,735 in 2011 to $103,245 in 2021. 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 $10,756(15.57%), declining from a median of $69,094 in 2011 to $58,338 in 2021.
Cape Carteret, NC household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Cape Carteret 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, 356(31.90%) households with a householder aged between 25 and 44 years, 318(28.49%) households with a householder aged between 45 and 64 years, and 442(39.61%) 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 Cape Carteret, showcasing varying income levels among different age demographics.
Age-wise distribution of Cape Carteret household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Cape Carteret: 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 | - | 22 | 5 | 20 |
$10,000 - $14,999 | - | - | - | 38 |
$15,000 - $19,999 | - | - | 5 | 35 |
$20,000 - $24,999 | - | - | 5 | 12 |
$25,000 - $29,999 | - | 25 | 29 | 23 |
$30,000 - $34,999 | - | 4 | 27 | 44 |
$35,000 - $39,999 | - | - | - | 5 |
$40,000 - $44,999 | - | 129 | 12 | 18 |
$45,000 - $49,999 | - | - | - | 11 |
$50,000 - $59,999 | - | 6 | 11 | 28 |
$60,000 - $74,999 | - | 10 | 16 | 25 |
$75,000 - $99,999 | - | 49 | 77 | 42 |
$100,000 - $124,999 | - | 71 | 51 | 38 |
$125,000 - $149,999 | - | 22 | 28 | 34 |
$150,000 - $199,999 | - | 12 | 27 | 59 |
$200,000 or more | - | 6 | 25 | 10 |
To further explore the income distribution and gain insights into financial landscape of Cape Carteret when compared to the state of North Carolina 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 Cape Carteret, 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 Cape Carteret, among households headed by individuals aged 25 to 44,worth noting that 47.75% match or surpass the state of North Carolina median income of $67,481. These 170 households, represent a notable portion of the total 356 households in Cape Carteret within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Cape Carteret, within the age group of 45 to 64 years, a remarkable 70.44% of households meet or exceed the state of North Carolina median income of $67,481. These 224 households, out of the total 318 households in this age cohort, signify a substantial portion of mature demographic of Cape Carteret, showcasing commendable financial stability in comparison to the North Carolina state median income benchmark.
- Householder 65 years and over: In Cape Carteret, among the over 65 years age group, a noteworthy 47.06% of households either match or surpass the state of North Carolina median income of $67,481. These 208 households, constituting notable portion of the Cape Carteret town senior population, showcase commendable financial stability compared to the North Carolina state median income benchmark.
Things to know
Which age group reports the highest median household income in Cape Carteret, NC?
In Cape Carteret, households led by individuals aged 45 to 64 years report the highest median household income of $103,245 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 Cape Carteret, NC?
In terms of income distribution across age cohorts, in Cape Carteret, where there exist only two delineated age groups, the median household income is $103,245 for householders within the 45 to 64 years age group, compared to $58,338 for the 65 years and over age group..
How does the median household income for households led by individuals of median age compare in Cape Carteret, NC?
The median age in Cape Carteret is 41.6, 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 25 to 44 years age group in Cape Carteret. This absence could be attributed to a smaller working population or fewer household heads within this age range, potentially resulting in less reliable or unavailable data for reporting.
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)