Median Household Income by Age of Householder in North Robinson, OH (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in North Robinson. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in North Robinson.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | $41,409 |
45 to 64 years | $44,588 |
65 years and over | $23,793 |
TABLE OF CONTENTS
North Robinson, OH 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 North Robinson population by age, the median age in North Robinson is 46.3 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 North Robinson, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $44,588.
In terms of income distribution across age cohorts, in North Robinson, the median household income stands at $44,588 for householders within the 45 to 64 years age group, followed by $41,409 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 $23,793.
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 North Robinson.
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, 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 $4,810(16.82%), declining from a median of $28,603 in 2011 to $23,793 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 $20,791(31.80%), declining from a median of $65,379 in 2011 to $44,588 in 2021.
North Robinson, OH household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the North Robinson 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 6(3.39%) households where the householder is under 25 years old, 41(23.16%) households with a householder aged between 25 and 44 years, 32(18.08%) households with a householder aged between 45 and 64 years, and 98(55.37%) 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 65 years and over bracket. This distribution hints at economic disparities within the village of North Robinson, showcasing varying income levels among different age demographics.
Age-wise distribution of North Robinson household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in North Robinson: 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 | - | - | 1 | 7 |
$10,000 - $14,999 | - | 3 | 1 | 6 |
$15,000 - $19,999 | - | - | - | 3 |
$20,000 - $24,999 | - | 8 | - | 41 |
$25,000 - $29,999 | - | - | 5 | 2 |
$30,000 - $34,999 | - | - | 8 | - |
$35,000 - $39,999 | - | 21 | 1 | 9 |
$40,000 - $44,999 | 2 | 4 | - | - |
$45,000 - $49,999 | 4 | 1 | 3 | 13 |
$50,000 - $59,999 | - | 2 | - | 7 |
$60,000 - $74,999 | - | - | 7 | 3 |
$75,000 - $99,999 | - | - | 6 | 1 |
$100,000 - $124,999 | - | - | - | 6 |
$125,000 - $149,999 | - | - | - | - |
$150,000 - $199,999 | - | 2 | - | - |
$200,000 or more | - | - | - | - |
To further explore the income distribution and gain insights into financial landscape of North Robinson when compared to the state of Ohio 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 North Robinson, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $65,720 for the state of Ohio. 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 North Robinson, among households headed by individuals aged 25 to 44,noteworthy that only 4.88% match or surpass the state of Ohio median income of $65,720. These 2 households, represent a low portion of the total 41 households in North Robinson within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In North Robinson, within the age group of 45 to 64 years, only 40.62% of households meet or exceed the state of Ohio median income of $65,720. These 13 households, out of the total 32 households in this age cohort, signify a low portion of mature demographic of North Robinson, showcasing commendable financial stability in comparison to the Ohio state median income benchmark.
- Householder 65 years and over: In North Robinson, among the over 65 years age group, only 10.20% of households either match or surpass the state of Ohio median income of $65,720. These 10 households, constituting low portion of the North Robinson village senior population, showcase commendable financial stability compared to the Ohio state median income benchmark.
Things to know
Which age group reports the highest median household income in North Robinson, OH?
In North Robinson, households led by individuals aged 45 to 64 years report the highest median household income of $44,588 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 North Robinson, OH?
In terms of income distribution across age cohorts, in North Robinson, the median household income stands at $44,588 for householders within the 45 to 64 years age group, followed by $41,409 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 $23,793..
How does the median household income for households led by individuals of median age compare in North Robinson, OH?
The median age in North Robinson is 46.3, 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 North Robinson, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $44,588.
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)