Kenai Peninsula Borough, AK Median Household Income By Age

Per the latest American Community Survey by the Census Bureau, Kenai Peninsula Borough sees its highest median household income among householders in the age group of 25 to 44 years old, at $92,068. Overall, the median household income for the county of Kenai Peninsula Borough stands at $76,322.
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Updated Jan 10, 2024

Median Household Income by Age of Householder in Kenai Peninsula Borough, AK (2021, in 2022 inflation-adjusted dollars)

This table presents the distribution of median household income among distinct age brackets of householders in Kenai Peninsula Borough. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Kenai Peninsula Borough.

Age Of The Head Of Household Median Household Income
Under 25 years $43,800
25 to 44 years $92,068
45 to 64 years $82,509
65 years and over $57,672
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Avg Income Age group Avg Income Diversity Index Population Gender ratio (M:F) Homeownership % Avg commute time Custom Dataset: Kenai Peninsula Borough Self-employed, multilingual, car-commuting, insured individuals 15 to 24 years $27,865 75 27,354 0.75 0.5% 55 min 25 to 44 years $44,231 90 37,459 0.86 19% 43 min 45 to 64 years $53,865 95 42,167 0.77 35% 15 min 65 to 74 years $51,800 74 32,972 0.91 45% 13 min 75 to 84 years $41,234 66 26,758 0.87 66% 42 min 85 years and over $36,093 56 18,857 0.89 76% 45 min

Kenai Peninsula Borough, AK 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 Kenai Peninsula Borough population by age, the median age in Kenai Peninsula Borough is 41.4 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 Kenai Peninsula Borough, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $92,068.

In terms of income distribution across age cohorts, in Kenai Peninsula Borough, householders within the 25 to 44 years age group have the highest median household income at $92,068, followed by those in the 45 to 64 years age group with an income of $82,509. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $57,672. Notably, householders within the under 25 years age group, had the lowest median household income at $43,800.

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 county of Kenai Peninsula Borough.

The bar chart shows Kenai Peninsula Borough, AK median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
Kenai Peninsula Borough, AK median household income by age of householder: It offers a clear illustration of the differences in median household incomes in Kenai Peninsula Borough, based on the age of householders divided into four cohorts : Under 25 years, 25 - 44 years, 45 to 64 years and 65 years and over. In terms of income distribution across age cohorts, in Kenai Peninsula Borough, householders within the 25 to 44 years age group have the highest median household income at $92,068, followed by those in the 45 to 64 years age group with an income of $82,509. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $57,672. Notably, householders within the under 25 years age group, had the lowest median household income at $43,800. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

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 2011 and 2021, two 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 25 to 44 years age group demonstrated a remarkable increase of $9,921(12.08%), escalating from a median of $82,147 in 2011 to $92,068 in 2021. Conversely, the age group of 45 to 64 years years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $6,413(7.21%), declining from a median of $88,922 in 2011 to $82,509 in 2021.

Kenai Peninsula Borough, AK household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Kenai Peninsula Borough 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 581(2.55%) households where the householder is under 25 years old, 6,071(26.66%) households with a householder aged between 25 and 44 years, 9,478(41.63%) households with a householder aged between 45 and 64 years, and 6,638(29.15%) households where the householder is over 65 years old.

The age group of 25 to 44 years 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 county of Kenai Peninsula Borough, showcasing varying income levels among different age demographics.

The bar chart displays the distribution of household income in Kenai Peninsula Borough, AK across different age groups as categorized by the U.S. Census Bureau. It illustrates the number of households within each income bracket across age categories. This visualization offers valuable insights into income disparities and variations across age groups, facilitating data analysis and informed decision-making. It enables the identification of demographics with specific financial statuses within distinct age brackets.
Kenai Peninsula Borough, AK household income distribution across age groups: The age group of 25 to 44 years 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 county of Kenai Peninsula Borough, showcasing varying income levels among different age demographics. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Age-wise distribution of Kenai Peninsula Borough household incomes: Comparative analysis across 16 income brackets

Discover the household distribution across 16 income brackets among four distinct age groups in Kenai Peninsula Borough: 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 18 294 575 273
$10,000 - $14,999 19 104 354 414
$15,000 - $19,999 23 211 294 364
$20,000 - $24,999 79 155 350 535
$25,000 - $29,999 30 138 274 302
$30,000 - $34,999 13 180 316 288
$35,000 - $39,999 106 208 442 319
$40,000 - $44,999 18 241 230 240
$45,000 - $49,999 8 73 192 326
$50,000 - $59,999 42 366 724 615
$60,000 - $74,999 50 687 875 755
$75,000 - $99,999 62 840 1,247 822
$100,000 - $124,999 57 765 960 522
$125,000 - $149,999 3 489 649 343
$150,000 - $199,999 33 859 925 235
$200,000 or more 20 461 1,071 285
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To further explore the income distribution and gain insights into financial landscape of Kenai Peninsula Borough when compared to the state of Alaska 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 30.12% of the households in Kenai Peninsula Borough, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $88,121 for the state of Alaska. These 175 Kenai Peninsula Borough households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
  • Householder 25 to 44 years: In Kenai Peninsula Borough, among households headed by individuals aged 25 to 44, an impressive 56.23% match or surpass the state of Alaska median income of $88,121. These 3,414 households, represent a significant portion of the total 6,071 households in Kenai Peninsula Borough within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
  • Householder 45 to 64 years: In Kenai Peninsula Borough, within the age group of 45 to 64 years, a remarkable 51.19% of households meet or exceed the state of Alaska median income of $88,121. These 4,852 households, out of the total 9,478 households in this age cohort, signify a substantial portion of mature demographic of Kenai Peninsula Borough, showcasing commendable financial stability in comparison to the Alaska state median income benchmark.
  • Householder 65 years and over: In Kenai Peninsula Borough, among the over 65 years age group, a noteworthy 33.25% of households either match or surpass the state of Alaska median income of $88,121. These 2,207 households, constituting notable portion of the Kenai Peninsula Borough county senior population, showcase commendable financial stability compared to the Alaska state median income benchmark.

Things to know

Which age group reports the highest median household income in Kenai Peninsula Borough, AK?

In Kenai Peninsula Borough, households led by individuals aged 25 to 44 years report the highest median household income of $92,068 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 Kenai Peninsula Borough, AK?

In terms of income distribution across age cohorts, in Kenai Peninsula Borough, householders within the 25 to 44 years age group have the highest median household income at $92,068, followed by those in the 45 to 64 years age group with an income of $82,509. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $57,672. Notably, householders within the under 25 years age group, had the lowest median household income at $43,800..

How does the median household income for households led by individuals of median age compare in Kenai Peninsula Borough, AK?

The median age in Kenai Peninsula Borough is 41.4, 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 Kenai Peninsula Borough, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $92,068.

References

Datasets

Explore datasets by year of publication.
2023
Kenai Peninsula Borough, AK annual median income by age groups dataset (in 2022 inflation-adjusted dollars)
Last updated January 10, 2024
ACS
Free
Neilsberg
CSV, JSON
2017-2021
CC BY 4.0
About this dataset

Context

The dataset presents the distribution of median household income among distinct age brackets of householders in Kenai Peninsula Borough. Based on the latest 2017-2021 5-Year Estimates from the American Community Survey, it displays how income varies among householders of different ages in Kenai Peninsula Borough. It showcases how household incomes typically rise as the head of the household gets older. The dataset can be utilized to gain insights into age-based household income trends and explore the variations in incomes across households.

Key observations: Insights from 2021

In terms of income distribution across age cohorts, in Kenai Peninsula Borough, householders within the 25 to 44 years age group have the highest median household income at $92,068, followed by those in the 45 to 64 years age group with an income of $82,509. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $57,672. Notably, householders within the under 25 years age group, had the lowest median household income at $43,800.

Kenai Peninsula Borough, AK median household income by age of householder

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Age groups classifications include:

  • Under 25 years
  • 25 to 44 years
  • 45 to 64 years
  • 65 years and over

Variables / Data Columns

  • Age Of The Head Of Household: This column presents the age of the head of household
  • Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific age group

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Kenai Peninsula Borough median household income by age. You can refer the same here

Age-wise distribution of Kenai Peninsula Borough, AK household incomes: Comparative analysis across 16 income brackets
Last updated January 10, 2024
ACS
Free
Neilsberg
CSV, JSON
2017-2021
CC BY 4.0
About this dataset

Context

The dataset presents the the household distribution across 16 income brackets among four distinct age groups in Kenai Peninsula Borough: Under 25 years, 25-44 years, 45-64 years, and over 65 years. The dataset highlights the variation in household income, offering valuable insights into economic trends and disparities within different age categories, aiding in data analysis and decision-making..

Key observations

  • Upon closer examination of the distribution of households among age brackets, it reveals that there are 581(2.55%) households where the householder is under 25 years old, 6,071(26.66%) households with a householder aged between 25 and 44 years, 9,478(41.63%) households with a householder aged between 45 and 64 years, and 6,638(29.15%) households where the householder is over 65 years old.
  • The age group of 25 to 44 years 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 county of Kenai Peninsula Borough, showcasing varying income levels among different age demographics.

Kenai Peninsula Borough, AK household income distribution across age groups

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Income brackets:

  • Less than $10,000
  • $10,000 to $14,999
  • $15,000 to $19,999
  • $20,000 to $24,999
  • $25,000 to $29,999
  • $30,000 to $34,999
  • $35,000 to $39,999
  • $40,000 to $44,999
  • $45,000 to $49,999
  • $50,000 to $59,999
  • $60,000 to $74,999
  • $75,000 to $99,999
  • $100,000 to $124,999
  • $125,000 to $149,999
  • $150,000 to $199,999
  • $200,000 or more

Variables / Data Columns

  • Household Income: This column showcases 16 income brackets ranging from Under $10,000 to $200,000+ ( As mentioned above).
  • Under 25 years: The count of households led by a head of household under 25 years old with income within a specified income bracket.
  • 25 to 44 years: The count of households led by a head of household 25 to 44 years old with income within a specified income bracket.
  • 45 to 64 years: The count of households led by a head of household 45 to 64 years old with income within a specified income bracket.
  • 65 years and over: The count of households led by a head of household 65 years and over old with income within a specified income bracket.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Kenai Peninsula Borough median household income by age. You can refer the same here

If you're looking for datasets from another year, please feel free to contact us at research@neilsberg.com and we'll be happy to assist you further.

Explore more

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Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

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