Median Household Income by Age of Householder in North Sioux City, SD (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in North Sioux City. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in North Sioux City.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | $62,868 |
45 to 64 years | $94,211 |
65 years and over | - |
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North Sioux City, SD 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 Sioux City population by age, the median age in North Sioux City is 35.4 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 North Sioux City, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $62,868.
In terms of income distribution across age cohorts, in North Sioux City, where there exist only two delineated age groups, the median household income is $94,211 for householders within the 45 to 64 years age group, compared to $62,868 for 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 city of North Sioux City.
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 45 to 64 years age group demonstrated a remarkable increase of $21,477(29.53%), escalating from a median of $72,734 in 2011 to $94,211 in 2021. Conversely, the age group of 25 to 44 years years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $27,391(30.35%), declining from a median of $90,259 in 2011 to $62,868 in 2021.
North Sioux City, SD household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the North Sioux City 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 183(13.59%) households where the householder is under 25 years old, 419(31.11%) households with a householder aged between 25 and 44 years, 517(38.38%) households with a householder aged between 45 and 64 years, and 228(16.93%) households where the householder is over 65 years old.
In North Sioux City, 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 North Sioux City household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in North Sioux City: 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 | 47 | 15 | 5 | 22 |
$10,000 - $14,999 | - | 51 | - | 34 |
$15,000 - $19,999 | 19 | - | - | - |
$20,000 - $24,999 | 6 | - | 7 | 14 |
$25,000 - $29,999 | - | 38 | 27 | 12 |
$30,000 - $34,999 | 32 | - | 55 | 15 |
$35,000 - $39,999 | - | 28 | 53 | 18 |
$40,000 - $44,999 | 8 | 24 | 13 | - |
$45,000 - $49,999 | - | 15 | 13 | - |
$50,000 - $59,999 | - | 51 | 24 | 13 |
$60,000 - $74,999 | 26 | 103 | 17 | 22 |
$75,000 - $99,999 | 45 | 39 | 72 | 19 |
$100,000 - $124,999 | - | 14 | 106 | 26 |
$125,000 - $149,999 | - | 4 | 47 | 25 |
$150,000 - $199,999 | - | 26 | 21 | 8 |
$200,000 or more | - | 11 | 57 | - |
To further explore the income distribution and gain insights into financial landscape of North Sioux City when compared to the state of South Dakota 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 38.80% of the households in North Sioux City, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $69,728 for the state of South Dakota. These 71 North Sioux City households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In North Sioux City, among households headed by individuals aged 25 to 44,worth noting that 47.02% match or surpass the state of South Dakota median income of $69,728. These 197 households, represent a notable portion of the total 419 households in North Sioux City within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In North Sioux City, within the age group of 45 to 64 years, a remarkable 61.90% of households meet or exceed the state of South Dakota median income of $69,728. These 320 households, out of the total 517 households in this age cohort, signify a substantial portion of mature demographic of North Sioux City, showcasing commendable financial stability in comparison to the South Dakota state median income benchmark.
- Householder 65 years and over: In North Sioux City, among the over 65 years age group, a noteworthy 43.86% of households either match or surpass the state of South Dakota median income of $69,728. These 100 households, constituting notable portion of the North Sioux City city senior population, showcase commendable financial stability compared to the South Dakota state median income benchmark.
Things to know
Which age group reports the highest median household income in North Sioux City, SD?
In North Sioux City, households led by individuals aged 45 to 64 years report the highest median household income of $94,211 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 Sioux City, SD?
In terms of income distribution across age cohorts, in North Sioux City, where there exist only two delineated age groups, the median household income is $94,211 for householders within the 45 to 64 years age group, compared to $62,868 for the 25 to 44 years age group..
How does the median household income for households led by individuals of median age compare in North Sioux City, SD?
The median age in North Sioux City is 35.4, 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 North Sioux City, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $62,868.
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)