Des Moines, IA 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 Des Moines population by age, the median age in Des Moines is 34.2 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 Des Moines, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $66,654.
In terms of income distribution across age cohorts, in Des Moines, householders within the 45 to 64 years age group have the highest median household income at $69,500, followed by those in the 25 to 44 years age group with an income of $66,654. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $46,206. Notably, householders within the under 25 years age group, had the lowest median household income at $42,614.
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 city of Des Moines.
Analysis of income trends over the past decade highlights notable shifts across various age groups. Among the four age groups with available Census data in both 2012 and 2022, none had a decline during this time period. Notably, household income for individuals within the Under 25 years age group demonstrated a remarkable increase of $15,060(54.66%), escalating from a median of $27,554 in 2012 to $42,614 in 2022. Conversely, the age group of 25 to 44 years years witnessed the smallest growth in household income across the same span. Their median income saw a small increase of $1,673(2.57%), increasing from a median of $64,981 in 2012 to $66,654 in 2022.
Des Moines, IA household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Des Moines 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 9,156(9.84%) households where the householder is under 25 years old, 34,857(37.44%) households with a householder aged between 25 and 44 years, 30,817(33.10%) households with a householder aged between 45 and 64 years, and 18,261(19.62%) 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 25 to 44 years bracket. This distribution hints at economic disparities within the city of Des Moines, showcasing varying income levels among different age demographics.
Age-wise distribution of Des Moines household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Des Moines: 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 | 375 | 1,612 | 2,249 | 685 |
| $10,000 - $14,999 | 278 | 836 | 1,363 | 995 |
| $15,000 - $19,999 | 578 | 553 | 1,276 | 1,213 |
| $20,000 - $24,999 | 1,110 | 975 | 1,104 | 1,640 |
| $25,000 - $29,999 | 33 | 1,289 | 979 | 1,230 |
| $30,000 - $34,999 | 1,315 | 1,212 | 697 | 1,031 |
| $35,000 - $39,999 | 777 | 2,630 | 1,209 | 1,380 |
| $40,000 - $44,999 | 404 | 2,274 | 1,100 | 529 |
| $45,000 - $49,999 | 726 | 1,822 | 1,299 | 1,556 |
| $50,000 - $59,999 | 1,535 | 2,578 | 2,154 | 1,725 |
| $60,000 - $74,999 | 1,279 | 4,038 | 3,599 | 1,225 |
| $75,000 - $99,999 | 168 | 4,492 | 4,683 | 2,443 |
| $100,000 - $124,999 | 578 | 3,999 | 2,190 | 551 |
| $125,000 - $149,999 | - | 2,409 | 2,311 | 473 |
| $150,000 - $199,999 | - | 2,651 | 2,563 | 594 |
| $200,000 or more | - | 1,487 | 2,041 | 991 |
To further explore the income distribution and gain insights into financial landscape of Des Moines when compared to the state of Iowa 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 only 22.12% of the households in Des Moines, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $69,588 for the state of Iowa. These 2,025 Des Moines households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In Des Moines, among households headed by individuals aged 25 to 44, an impressive 54.73% match or surpass the state of Iowa median income of $69,588. These 19,076 households, represent a significant portion of the total 34,857 households in Des Moines within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Des Moines, within the age group of 45 to 64 years, a remarkable 56.42% of households meet or exceed the state of Iowa median income of $69,588. These 17,387 households, out of the total 30,817 households in this age cohort, signify a substantial portion of mature demographic of Des Moines, showcasing commendable financial stability in comparison to the Iowa state median income benchmark.
- Householder 65 years and over: In Des Moines, among the over 65 years age group, a noteworthy 34.37% of households either match or surpass the state of Iowa median income of $69,588. These 6,277 households, constituting notable portion of the Des Moines city senior population, showcase commendable financial stability compared to the Iowa state median income benchmark.