Median Household Income by Age of Householder in Coney Island, MO (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Coney Island. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Coney Island.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | - |
45 to 64 years | - |
65 years and over | $47,290 |
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Coney Island, MO 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 Coney Island population by age, the median age in Coney Island is 26.9 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 Coney Island. 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, Coney Island only reports a median household income of $47,290 among householders in 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 village of Coney Island.
![Coney Island, MO median household income by age of householder The bar chart shows Coney Island, MO median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).](https://i.neilsberg.com/ch/coney-island-mo-median-household-income-by-age.jpeg)
Analysis of income trends over the past decade highlights notable shifts across various age groups. Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $20,190(29.92%), declining from a median of $67,480 in 2011 to $47,290 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 $20,190(29.92%), declining from a median of $67,480 in 2011 to $47,290 in 2021.
Coney Island, MO household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Coney Island 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 2(6.06%) households where the householder is under 25 years old, 10(30.30%) households with a householder aged between 25 and 44 years, 6(18.18%) households with a householder aged between 45 and 64 years, and 15(45.45%) households where the householder is over 65 years old.
In Coney Island, the age group of 65 years and over 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.
![>Coney Island, MO household income distribution across age groups The bar chart displays the distribution of household income in Coney Island, MO across different age groups as categorized by the U.S. Census Bureau. It illustrates the number of households within each income bracket across age categories. This visualization offers valuable insights into income disparities and variations across age groups, facilitating data analysis and informed decision-making. It enables the identification of demographics with specific financial statuses within distinct age brackets.](https://i.neilsberg.com/ch/coney-island-mo-household-income-by-age-groups.jpeg)
Age-wise distribution of Coney Island household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Coney Island: 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 | - | - | - | - |
$10,000 - $14,999 | - | - | - | - |
$15,000 - $19,999 | - | - | - | - |
$20,000 - $24,999 | - | - | - | - |
$25,000 - $29,999 | - | - | 4 | - |
$30,000 - $34,999 | - | - | - | - |
$35,000 - $39,999 | - | 10 | - | 7 |
$40,000 - $44,999 | - | - | - | 1 |
$45,000 - $49,999 | 2 | - | - | 2 |
$50,000 - $59,999 | - | - | - | 1 |
$60,000 - $74,999 | - | - | - | 4 |
$75,000 - $99,999 | - | - | - | - |
$100,000 - $124,999 | - | - | - | - |
$125,000 - $149,999 | - | - | - | - |
$150,000 - $199,999 | - | - | - | - |
$200,000 or more | - | - | 2 | - |
To further explore the income distribution and gain insights into financial landscape of Coney Island when compared to the state of Missouri 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 noteworthy that no households in Coney Island, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $64,811 for the state of Missouri. This indicates an income disparity among households headed by individuals under 25 years old when compared to the median income of the state.
- Householder 25 to 44 years: In Coney Island, there are no households led by individuals aged 25 to 44, that meet or surpass the state of Missouri median income of $64,811. Thus of the total 10 households in Coney Island, where the householder is 25-44 years old, none had an income higher than the median state income.
- Householder 45 to 64 years: In Coney Island, within the age group of 45 to 64 years, a noteworthy 33.33% of households meet or exceed the state of Missouri median income of $64,811. These 2 households, out of the total 6 households in this age cohort, signify a notable portion of mature demographic of Coney Island, showcasing commendable financial stability in comparison to the Missouri state median income benchmark.
- Householder 65 years and over: In Coney Island, among the over 65 years age group, a noteworthy 26.67% of households either match or surpass the state of Missouri median income of $64,811. These 4 households, constituting notable portion of the Coney Island village senior population, showcase commendable financial stability compared to the Missouri state median income benchmark.
Things to know
Which age group reports the highest median household income in Coney Island, MO?
In Coney Island, households led by individuals aged 65 years and over report the highest median household income of $47,290 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 Coney Island, MO?
In terms of income distribution across age cohorts, Coney Island only reports a median household income of $47,290 among householders in the 65 years and over age group..
How does the median household income for households led by individuals of median age compare in Coney Island, MO?
The median age in Coney Island is 26.9, 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 Coney Island. 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)