Median Household Income by Age of Householder in Linwood, NE (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Linwood. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Linwood.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | $45,038 |
45 to 64 years | - |
65 years and over | - |
TABLE OF CONTENTS
Linwood, NE 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 Linwood population by age, the median age in Linwood is 26.3 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 Linwood, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $45,038.
In terms of income distribution across age cohorts, Linwood only reports a median household income of $45,038 among householders in the 25 to 44 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 village of Linwood.
Analysis of income trends over the past decade highlights notable shifts across various age groups. Given the absence of data across all age groups in one of the surveyed years (either 2011 or 2021) from the US Census Bureau American Community Survey, conducting a temporal analysis for those age cohorts was unattainable.
Linwood, NE household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Linwood 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 4(6.90%) households where the householder is under 25 years old, 20(34.48%) households with a householder aged between 25 and 44 years, 25(43.10%) households with a householder aged between 45 and 64 years, and 9(15.52%) 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 village of Linwood, showcasing varying income levels among different age demographics.
Age-wise distribution of Linwood household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Linwood: 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 | - | - | - | - |
$10,000 - $14,999 | 4 | - | 4 | 5 |
$15,000 - $19,999 | - | 6 | - | - |
$20,000 - $24,999 | - | - | 8 | 3 |
$25,000 - $29,999 | - | 2 | - | - |
$30,000 - $34,999 | - | - | 5 | - |
$35,000 - $39,999 | - | - | - | - |
$40,000 - $44,999 | - | 3 | - | - |
$45,000 - $49,999 | - | - | - | 1 |
$50,000 - $59,999 | - | 3 | - | - |
$60,000 - $74,999 | - | 2 | 2 | - |
$75,000 - $99,999 | - | - | 6 | - |
$100,000 - $124,999 | - | 4 | - | - |
$125,000 - $149,999 | - | - | - | - |
$150,000 - $199,999 | - | - | - | - |
$200,000 or more | - | - | - | - |
To further explore the income distribution and gain insights into financial landscape of Linwood when compared to the state of Nebraska 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 Linwood, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $69,597 for the state of Nebraska. 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 Linwood, among households headed by individuals aged 25 to 44,worth noting that 30% match or surpass the state of Nebraska median income of $69,597. These 6 households, represent a notable portion of the total 20 households in Linwood within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Linwood, within the age group of 45 to 64 years, a noteworthy 32% of households meet or exceed the state of Nebraska median income of $69,597. These 8 households, out of the total 25 households in this age cohort, signify a notable portion of mature demographic of Linwood, showcasing commendable financial stability in comparison to the Nebraska state median income benchmark.
- Householder 65 years and over: In Linwood, within the over 65 years age cohort, there are no households that meet or exceed the state of Nebraska median income of $69,597. Therefore, among the total number of households in this senior demographic, none have an income higher than the Nebraska state median income range.
Things to know
Which age group reports the highest median household income in Linwood, NE?
In Linwood, households led by individuals aged 25 to 44 years report the highest median household income of $45,038 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 Linwood, NE?
In terms of income distribution across age cohorts, Linwood only reports a median household income of $45,038 among householders in the 25 to 44 years age group..
How does the median household income for households led by individuals of median age compare in Linwood, NE?
The median age in Linwood is 26.3, 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 Linwood, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $45,038.
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)