Median Household Income by Age of Householder in Harpers Ferry, IA (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Harpers Ferry. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Harpers Ferry.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | $85,573 |
45 to 64 years | $87,149 |
65 years and over | $37,928 |
TABLE OF CONTENTS
Harpers Ferry, 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 Harpers Ferry population by age, the median age in Harpers Ferry is 66.6 years.
Typically for a location with median age in this range, it suggests a significant population of retirees or older individuals. Interestingly, within Harpers Ferry, the age group of 65 years and over had the second lowest median household income, recorded at $37,928.
In terms of income distribution across age cohorts, in Harpers Ferry, the median household income stands at $87,149 for householders within the 45 to 64 years age group, followed by $85,573 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 $37,928.
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 Harpers Ferry.
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, one groups encountered a decline in their median household income, while the remaining two experienced an increase during this period. Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $16,458(23.28%), escalating from a median of $70,691 in 2011 to $87,149 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 $366(0.96%), declining from a median of $38,294 in 2011 to $37,928 in 2021.
Harpers Ferry, IA household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Harpers Ferry 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, 8(6.15%) households with a householder aged between 25 and 44 years, 37(28.46%) households with a householder aged between 45 and 64 years, and 85(65.38%) 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 65 years and over bracket. This distribution hints at economic disparities within the city of Harpers Ferry, showcasing varying income levels among different age demographics.
Age-wise distribution of Harpers Ferry household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Harpers Ferry: 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 |
$10,000 - $14,999 | - | - | 2 | - |
$15,000 - $19,999 | - | - | - | 24 |
$20,000 - $24,999 | - | - | 4 | 1 |
$25,000 - $29,999 | - | - | 4 | 6 |
$30,000 - $34,999 | - | - | 2 | 1 |
$35,000 - $39,999 | - | 2 | 1 | 14 |
$40,000 - $44,999 | - | - | - | - |
$45,000 - $49,999 | - | - | - | 3 |
$50,000 - $59,999 | - | - | - | 8 |
$60,000 - $74,999 | - | - | 3 | 9 |
$75,000 - $99,999 | - | 6 | 13 | 6 |
$100,000 - $124,999 | - | - | 3 | 3 |
$125,000 - $149,999 | - | - | 2 | - |
$150,000 - $199,999 | - | - | - | - |
$200,000 or more | - | - | 3 | - |
To further explore the income distribution and gain insights into financial landscape of Harpers Ferry 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: In Harpers Ferry, 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 Harpers Ferry, among households headed by individuals aged 25 to 44, an impressive 75% match or surpass the state of Iowa median income of $69,588. These 6 households, represent a significant portion of the total 8 households in Harpers Ferry within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Harpers Ferry, within the age group of 45 to 64 years, a remarkable 64.86% of households meet or exceed the state of Iowa median income of $69,588. These 24 households, out of the total 37 households in this age cohort, signify a substantial portion of mature demographic of Harpers Ferry, showcasing commendable financial stability in comparison to the Iowa state median income benchmark.
- Householder 65 years and over: In Harpers Ferry, among the over 65 years age group, only 21.18% of households either match or surpass the state of Iowa median income of $69,588. These 18 households, constituting low portion of the Harpers Ferry city senior population, showcase commendable financial stability compared to the Iowa state median income benchmark.
Things to know
Which age group reports the highest median household income in Harpers Ferry, IA?
In Harpers Ferry, households led by individuals aged 45 to 64 years report the highest median household income of $87,149 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 Harpers Ferry, IA?
In terms of income distribution across age cohorts, in Harpers Ferry, the median household income stands at $87,149 for householders within the 45 to 64 years age group, followed by $85,573 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 $37,928..
How does the median household income for households led by individuals of median age compare in Harpers Ferry, IA?
The median age in Harpers Ferry is 66.6, which falls within the 65 years and over range among the four age groups defined by the US Census Bureau. This demographic suggests a significant population of retirees or older individuals. Interestingly, within Harpers Ferry, the age group of 65 years and over had the second lowest median household income, recorded at $37,928.
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)