Laguna Vista, TX 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 Laguna Vista population by age, the median age in Laguna Vista is 58 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 Laguna Vista, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $59,180.
In terms of income distribution across age cohorts, in Laguna Vista, where there exist only two delineated age groups, the median household income is $59,180 for householders within the 45 to 64 years age group, compared to $58,504 for the 65 years and over 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 town of Laguna Vista.
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 65 years and over age group demonstrated the smallest decline of $21,585(26.95%), declining from a median of $80,089 in 2011 to $58,504 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 $29,458(33.23%), declining from a median of $88,638 in 2011 to $59,180 in 2021.
Laguna Vista, TX household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Laguna Vista 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 67(4.39%) households where the householder is under 25 years old, 233(15.27%) households with a householder aged between 25 and 44 years, 616(40.37%) households with a householder aged between 45 and 64 years, and 610(39.97%) households where the householder is over 65 years old.
In Laguna Vista, 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 Laguna Vista household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Laguna Vista: 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 | 72 | 113 |
| $10,000 - $14,999 | 36 | - | 45 | 34 |
| $15,000 - $19,999 | - | - | 7 | 27 |
| $20,000 - $24,999 | - | - | 33 | 45 |
| $25,000 - $29,999 | - | - | 61 | 37 |
| $30,000 - $34,999 | 31 | 56 | 11 | - |
| $35,000 - $39,999 | - | - | 49 | 11 |
| $40,000 - $44,999 | - | - | - | 9 |
| $45,000 - $49,999 | - | 17 | 21 | - |
| $50,000 - $59,999 | - | 32 | 42 | 52 |
| $60,000 - $74,999 | - | - | 68 | 30 |
| $75,000 - $99,999 | - | 54 | 54 | 119 |
| $100,000 - $124,999 | - | - | 36 | 53 |
| $125,000 - $149,999 | - | 15 | 43 | 47 |
| $150,000 - $199,999 | - | - | 69 | 19 |
| $200,000 or more | - | 46 | 5 | 14 |
To further explore the income distribution and gain insights into financial landscape of Laguna Vista when compared to the state of Texas 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 Laguna Vista, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $72,284 for the state of Texas. 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 Laguna Vista, among households headed by individuals aged 25 to 44,worth noting that 49.36% match or surpass the state of Texas median income of $72,284. These 115 households, represent a notable portion of the total 233 households in Laguna Vista within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Laguna Vista, within the age group of 45 to 64 years, a noteworthy 44.64% of households meet or exceed the state of Texas median income of $72,284. These 275 households, out of the total 616 households in this age cohort, signify a notable portion of mature demographic of Laguna Vista, showcasing commendable financial stability in comparison to the Texas state median income benchmark.
- Householder 65 years and over: In Laguna Vista, among the over 65 years age group, a noteworthy 46.23% of households either match or surpass the state of Texas median income of $72,284. These 282 households, constituting notable portion of the Laguna Vista town senior population, showcase commendable financial stability compared to the Texas state median income benchmark.