Median Household Income by Age of Householder in Laurel Run, PA (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Laurel Run. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Laurel Run.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | $92,553 |
45 to 64 years | $51,343 |
65 years and over | - |
TABLE OF CONTENTS
Laurel Run, PA 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 Laurel Run population by age, the median age in Laurel Run is 47.6 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 Laurel Run, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $51,343.
In terms of income distribution across age cohorts, in Laurel Run, where there exist only two delineated age groups, the median household income is $92,553 for householders within the 25 to 44 years age group, compared to $51,343 for the 45 to 64 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 borough of Laurel Run.
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, one 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 25 to 44 years age group demonstrated a remarkable increase of $10,420(12.69%), escalating from a median of $82,133 in 2011 to $92,553 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 $9,404(15.48%), declining from a median of $60,747 in 2011 to $51,343 in 2021.
Laurel Run, PA household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Laurel Run 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 2(1.18%) households where the householder is under 25 years old, 37(21.76%) households with a householder aged between 25 and 44 years, 76(44.71%) households with a householder aged between 45 and 64 years, and 55(32.35%) 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 borough of Laurel Run, showcasing varying income levels among different age demographics.
Age-wise distribution of Laurel Run household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Laurel Run: 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 | - | - | - | 2 |
$10,000 - $14,999 | - | - | 2 | 3 |
$15,000 - $19,999 | - | 10 | 1 | 11 |
$20,000 - $24,999 | - | - | - | 4 |
$25,000 - $29,999 | - | - | 23 | 7 |
$30,000 - $34,999 | - | - | - | 2 |
$35,000 - $39,999 | - | - | 3 | 2 |
$40,000 - $44,999 | 2 | 2 | 3 | - |
$45,000 - $49,999 | - | - | 7 | - |
$50,000 - $59,999 | - | - | 8 | - |
$60,000 - $74,999 | - | - | 13 | 2 |
$75,000 - $99,999 | - | 14 | 5 | 14 |
$100,000 - $124,999 | - | 11 | 2 | 4 |
$125,000 - $149,999 | - | - | 7 | - |
$150,000 - $199,999 | - | - | - | 3 |
$200,000 or more | - | - | 2 | 1 |
To further explore the income distribution and gain insights into financial landscape of Laurel Run when compared to the state of Pennsylvania 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 Laurel Run, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $71,798 for the state of Pennsylvania. 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 Laurel Run, among households headed by individuals aged 25 to 44, an impressive 67.57% match or surpass the state of Pennsylvania median income of $71,798. These 25 households, represent a significant portion of the total 37 households in Laurel Run within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Laurel Run, within the age group of 45 to 64 years, a noteworthy 38.16% of households meet or exceed the state of Pennsylvania median income of $71,798. These 29 households, out of the total 76 households in this age cohort, signify a notable portion of mature demographic of Laurel Run, showcasing commendable financial stability in comparison to the Pennsylvania state median income benchmark.
- Householder 65 years and over: In Laurel Run, among the over 65 years age group, a noteworthy 43.64% of households either match or surpass the state of Pennsylvania median income of $71,798. These 24 households, constituting notable portion of the Laurel Run borough senior population, showcase commendable financial stability compared to the Pennsylvania state median income benchmark.
Things to know
Which age group reports the highest median household income in Laurel Run, PA?
In Laurel Run, households led by individuals aged 25 to 44 years report the highest median household income of $92,553 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 Laurel Run, PA?
In terms of income distribution across age cohorts, in Laurel Run, where there exist only two delineated age groups, the median household income is $92,553 for householders within the 25 to 44 years age group, compared to $51,343 for the 45 to 64 years age group..
How does the median household income for households led by individuals of median age compare in Laurel Run, PA?
The median age in Laurel Run is 47.6, which falls within the 45 to 64 years range among the four age groups defined by the US Census Bureau. This demographic tends to house more established professionals, possibly reflecting stable households and higher earning poptential. Interestingly, within Laurel Run, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $51,343.
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)