Gretna, FL 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 Gretna population by age, the median age in Gretna is 51.3 years.
Typically for a location with median age in this range, it tends to house more established professionals, possibly reflecting stable households and higher earning poptential. Interestingly, within Gretna, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $38,372.
In terms of income distribution across age cohorts, in Gretna, where there exist only two delineated age groups, the median household income is $38,372 for householders within the 45 to 64 years age group, compared to $25,638 for the 25 to 44 years 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 city of Gretna.
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, none had an increase in this time period. Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $4,533(10.57%), declining from a median of $42,905 in 2011 to $38,372 in 2021. Conversely, the age group of 25 to 44 years years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $6,667(20.64%), declining from a median of $32,305 in 2011 to $25,638 in 2021.
Gretna, FL household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Gretna 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, 83(16.12%) households with a householder aged between 25 and 44 years, 238(46.21%) households with a householder aged between 45 and 64 years, and 194(37.67%) households where the householder is over 65 years old.
In Gretna, 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 Gretna household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Gretna: 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 | - | 13 | 24 | 12 |
| $10,000 - $14,999 | - | 9 | - | 87 |
| $15,000 - $19,999 | - | - | 26 | - |
| $20,000 - $24,999 | - | 40 | 20 | - |
| $25,000 - $29,999 | - | 10 | 46 | 4 |
| $30,000 - $34,999 | - | 3 | - | 12 |
| $35,000 - $39,999 | - | - | 23 | 26 |
| $40,000 - $44,999 | - | - | - | 3 |
| $45,000 - $49,999 | - | - | 5 | 21 |
| $50,000 - $59,999 | - | 2 | 14 | 12 |
| $60,000 - $74,999 | - | - | 25 | 3 |
| $75,000 - $99,999 | - | 6 | 47 | 3 |
| $100,000 - $124,999 | - | - | 8 | - |
| $125,000 - $149,999 | - | - | - | 8 |
| $150,000 - $199,999 | - | - | - | - |
| $200,000 or more | - | - | - | 3 |
To further explore the income distribution and gain insights into financial landscape of Gretna when compared to the state of Florida 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 Gretna, 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 Gretna, among households headed by individuals aged 25 to 44,noteworthy that only 7.23% match or surpass the state of Florida median income of $69,303. These 6 households, represent a low portion of the total 83 households in Gretna within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Gretna, within the age group of 45 to 64 years, only 33.61% of households meet or exceed the state of Florida median income of $69,303. These 80 households, out of the total 238 households in this age cohort, signify a low portion of mature demographic of Gretna, showcasing commendable financial stability in comparison to the Florida state median income benchmark.
- Householder 65 years and over: In Gretna, among the over 65 years age group, only 8.76% of households either match or surpass the state of Florida median income of $69,303. These 17 households, constituting low portion of the Gretna city senior population, showcase commendable financial stability compared to the Florida state median income benchmark.