Justice, IL 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 Justice population by age, the median age in Justice is 33.7 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 Justice, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $53,607.
In terms of income distribution across age cohorts, in Justice, the median household income stands at $73,453 for householders within the 45 to 64 years age group, followed by $53,607 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 $42,975.
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 Justice.
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, two groups encountered a decline in their median household income, while the remaining one experienced an increase during this period. Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $2,930(7.32%), escalating from a median of $40,045 in 2011 to $42,975 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 $20,816(27.97%), declining from a median of $74,423 in 2011 to $53,607 in 2021.
Justice, IL household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Justice 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 127(2.75%) households where the householder is under 25 years old, 2,041(44.12%) households with a householder aged between 25 and 44 years, 1,614(34.89%) households with a householder aged between 45 and 64 years, and 844(18.24%) 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 village of Justice, showcasing varying income levels among different age demographics.
Age-wise distribution of Justice household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Justice: 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 | - | 85 | 122 | 66 |
| $10,000 - $14,999 | 26 | 103 | 108 | 68 |
| $15,000 - $19,999 | - | 149 | 40 | 31 |
| $20,000 - $24,999 | 9 | 109 | 28 | 12 |
| $25,000 - $29,999 | - | 57 | 116 | 105 |
| $30,000 - $34,999 | - | 203 | 31 | 102 |
| $35,000 - $39,999 | - | 52 | 101 | 41 |
| $40,000 - $44,999 | - | 198 | 11 | 21 |
| $45,000 - $49,999 | 20 | 77 | 26 | 45 |
| $50,000 - $59,999 | 15 | 178 | 146 | 35 |
| $60,000 - $74,999 | - | 179 | 121 | 89 |
| $75,000 - $99,999 | 57 | 187 | 249 | 39 |
| $100,000 - $124,999 | - | 165 | 118 | 66 |
| $125,000 - $149,999 | - | 167 | 154 | 17 |
| $150,000 - $199,999 | - | 97 | 160 | 45 |
| $200,000 or more | - | 35 | 83 | 62 |
To further explore the income distribution and gain insights into financial landscape of Justice when compared to the state of Illinois 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 worth noting that 44.88% of the households in Justice, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $76,708 for the state of Illinois. These 57 Justice households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In Justice, among households headed by individuals aged 25 to 44,worth noting that 31.90% match or surpass the state of Illinois median income of $76,708. These 651 households, represent a notable portion of the total 2,041 households in Justice within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Justice, within the age group of 45 to 64 years, a noteworthy 47.34% of households meet or exceed the state of Illinois median income of $76,708. These 764 households, out of the total 1,614 households in this age cohort, signify a notable portion of mature demographic of Justice, showcasing commendable financial stability in comparison to the Illinois state median income benchmark.
- Householder 65 years and over: In Justice, among the over 65 years age group, a noteworthy 27.13% of households either match or surpass the state of Illinois median income of $76,708. These 229 households, constituting notable portion of the Justice village senior population, showcase commendable financial stability compared to the Illinois state median income benchmark.