Median Household Income by Age of Householder in Central Valley, UT (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Central Valley. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Central Valley.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | $122,053 |
45 to 64 years | $131,061 |
65 years and over | $47,965 |
TABLE OF CONTENTS
Central Valley, UT 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 Central Valley population by age, the median age in Central Valley is 34.1 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 Central Valley, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $122,053.
In terms of income distribution across age cohorts, in Central Valley, the median household income stands at $131,061 for householders within the 45 to 64 years age group, followed by $122,053 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $47,965.
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 Central Valley.
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, none had a decline during this time period. Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $55,330(73.06%), escalating from a median of $75,731 in 2011 to $131,061 in 2021. Conversely, the age group of 65 years and over years witnessed the smallest growth in household income across the same span. Their median income saw a small increase of $14,458(43.15%), increasing from a median of $33,507 in 2011 to $47,965 in 2021.
Central Valley, UT household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Central Valley 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 7(3.27%) households where the householder is under 25 years old, 55(25.70%) households with a householder aged between 25 and 44 years, 98(45.79%) households with a householder aged between 45 and 64 years, and 54(25.23%) households where the householder is over 65 years old.
In Central Valley, 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.
Age-wise distribution of Central Valley household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Central Valley: 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 | - | - | 2 | - |
$10,000 - $14,999 | - | - | 1 | - |
$15,000 - $19,999 | - | - | 7 | 3 |
$20,000 - $24,999 | 5 | - | - | 4 |
$25,000 - $29,999 | - | - | - | 7 |
$30,000 - $34,999 | - | - | - | 8 |
$35,000 - $39,999 | - | - | - | 1 |
$40,000 - $44,999 | - | - | 1 | 5 |
$45,000 - $49,999 | - | 5 | 2 | 1 |
$50,000 - $59,999 | - | 5 | 9 | 10 |
$60,000 - $74,999 | - | 4 | 1 | - |
$75,000 - $99,999 | 2 | 9 | 19 | 11 |
$100,000 - $124,999 | - | 18 | 7 | 1 |
$125,000 - $149,999 | - | 13 | 16 | - |
$150,000 - $199,999 | - | 1 | 33 | 1 |
$200,000 or more | - | - | - | 2 |
To further explore the income distribution and gain insights into financial landscape of Central Valley when compared to the state of Utah 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 worth noting that 28.57% of the households in Central Valley, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $89,168 for the state of Utah. These 2 Central Valley households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In Central Valley, among households headed by individuals aged 25 to 44, an impressive 74.55% match or surpass the state of Utah median income of $89,168. These 41 households, represent a significant portion of the total 55 households in Central Valley within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Central Valley, within the age group of 45 to 64 years, a remarkable 76.53% of households meet or exceed the state of Utah median income of $89,168. These 75 households, out of the total 98 households in this age cohort, signify a substantial portion of mature demographic of Central Valley, showcasing commendable financial stability in comparison to the Utah state median income benchmark.
- Householder 65 years and over: In Central Valley, among the over 65 years age group, a noteworthy 27.78% of households either match or surpass the state of Utah median income of $89,168. These 15 households, constituting notable portion of the Central Valley town senior population, showcase commendable financial stability compared to the Utah state median income benchmark.
Things to know
Which age group reports the highest median household income in Central Valley, UT?
In Central Valley, households led by individuals aged 45 to 64 years report the highest median household income of $131,061 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 Central Valley, UT?
In terms of income distribution across age cohorts, in Central Valley, the median household income stands at $131,061 for householders within the 45 to 64 years age group, followed by $122,053 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $47,965..
How does the median household income for households led by individuals of median age compare in Central Valley, UT?
The median age in Central Valley is 34.1, 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 Central Valley, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $122,053.
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)