Median Household Income by Age of Householder in Dixie Inn, LA (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Dixie Inn. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Dixie Inn.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | $21,871 |
45 to 64 years | $19,302 |
65 years and over | $34,049 |
TABLE OF CONTENTS
Dixie Inn, LA 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 Dixie Inn population by age, the median age in Dixie Inn is 27.4 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 Dixie Inn, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $21,871.
In terms of income distribution across age cohorts, in Dixie Inn, the median household income stands at $34,049 for householders within the 65 years and over age group, followed by $21,871 for the 25 to 44 years age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $19,302.
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 Dixie Inn.
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 an increase in this time period. Notably, household income for individuals within the 25 to 44 years age group demonstrated the smallest decline of $12,920(37.14%), declining from a median of $34,791 in 2011 to $21,871 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 $19,889(36.87%), declining from a median of $53,938 in 2011 to $34,049 in 2021.
Dixie Inn, LA household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Dixie Inn 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 16(13.22%) households where the householder is under 25 years old, 39(32.23%) households with a householder aged between 25 and 44 years, 52(42.98%) households with a householder aged between 45 and 64 years, and 14(11.57%) households where the householder is over 65 years old.
The age group of 65 years and over 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 Dixie Inn, showcasing varying income levels among different age demographics.
Age-wise distribution of Dixie Inn household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Dixie Inn: 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 | 9 | 1 | 1 | - |
$10,000 - $14,999 | 3 | 10 | 24 | - |
$15,000 - $19,999 | 4 | 7 | 7 | - |
$20,000 - $24,999 | - | 16 | 5 | 4 |
$25,000 - $29,999 | - | 2 | 1 | - |
$30,000 - $34,999 | - | - | - | 5 |
$35,000 - $39,999 | - | 3 | 6 | - |
$40,000 - $44,999 | - | - | - | - |
$45,000 - $49,999 | - | - | 2 | - |
$50,000 - $59,999 | - | - | 6 | 2 |
$60,000 - $74,999 | - | - | - | 3 |
$75,000 - $99,999 | - | - | - | - |
$100,000 - $124,999 | - | - | - | - |
$125,000 - $149,999 | - | - | - | - |
$150,000 - $199,999 | - | - | - | - |
$200,000 or more | - | - | - | - |
To further explore the income distribution and gain insights into financial landscape of Dixie Inn when compared to the state of Louisiana 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 Dixie Inn, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $55,416 for the state of Louisiana. 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 Dixie Inn, there are no households led by individuals aged 25 to 44, that meet or surpass the state of Louisiana median income of $55,416. Thus of the total 39 households in Dixie Inn, where the householder is 25-44 years old, none had an income higher than the median state income.
- Householder 45 to 64 years: In Dixie Inn, within the age group of 45 to 64 years, a noteworthy 11.54% of households meet or exceed the state of Louisiana median income of $55,416. These 6 households, out of the total 52 households in this age cohort, signify a notable portion of mature demographic of Dixie Inn, showcasing commendable financial stability in comparison to the Louisiana state median income benchmark.
- Householder 65 years and over: In Dixie Inn, among the over 65 years age group, a noteworthy 35.71% of households either match or surpass the state of Louisiana median income of $55,416. These 5 households, constituting notable portion of the Dixie Inn village senior population, showcase commendable financial stability compared to the Louisiana state median income benchmark.
Things to know
Which age group reports the highest median household income in Dixie Inn, LA?
In Dixie Inn, households led by individuals aged 65 years and over report the highest median household income of $34,049 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 Dixie Inn, LA?
In terms of income distribution across age cohorts, in Dixie Inn, the median household income stands at $34,049 for householders within the 65 years and over age group, followed by $21,871 for the 25 to 44 years age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $19,302..
How does the median household income for households led by individuals of median age compare in Dixie Inn, LA?
The median age in Dixie Inn is 27.4, 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 Dixie Inn, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $21,871.
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)