Median Household Income by Age of Householder in Shade Gap, PA (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Shade Gap. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Shade Gap.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | - |
45 to 64 years | - |
65 years and over | $54,316 |
TABLE OF CONTENTS
Shade Gap, 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 Shade Gap population by age, the median age in Shade Gap 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 25 to 44 years age group in Shade Gap. This absence could be attributed to a smaller working population or fewer household heads within this age range, potentially resulting in less reliable or unavailable data for reporting.
In terms of income distribution across age cohorts, Shade Gap only reports a median household income of $54,316 among householders in 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 borough of Shade Gap.
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.
Shade Gap, PA household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Shade Gap 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(10.81%) households where the householder is under 25 years old, 14(37.84%) households with a householder aged between 25 and 44 years, 4(10.81%) households with a householder aged between 45 and 64 years, and 15(40.54%) households where the householder is over 65 years old.
In Shade Gap, the age group of 65 years and over 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 Shade Gap household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Shade Gap: 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 | - | - | - | 1 |
$15,000 - $19,999 | - | - | - | - |
$20,000 - $24,999 | - | - | - | - |
$25,000 - $29,999 | - | - | - | - |
$30,000 - $34,999 | - | 5 | - | - |
$35,000 - $39,999 | - | - | - | - |
$40,000 - $44,999 | - | - | - | - |
$45,000 - $49,999 | - | 2 | - | 4 |
$50,000 - $59,999 | - | 1 | - | 8 |
$60,000 - $74,999 | - | - | 2 | - |
$75,000 - $99,999 | 4 | 2 | 2 | - |
$100,000 - $124,999 | - | - | - | - |
$125,000 - $149,999 | - | 4 | - | - |
$150,000 - $199,999 | - | - | - | - |
$200,000 or more | - | - | - | - |
To further explore the income distribution and gain insights into financial landscape of Shade Gap 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 impressive that 100% of the households in Shade Gap, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $71,798 for the state of Pennsylvania. These 4 Shade Gap households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In Shade Gap, among households headed by individuals aged 25 to 44,worth noting that 42.86% match or surpass the state of Pennsylvania median income of $71,798. These 6 households, represent a notable portion of the total 14 households in Shade Gap within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Shade Gap, within the age group of 45 to 64 years, a remarkable 100% of households meet or exceed the state of Pennsylvania median income of $71,798. These 4 households, out of the total 4 households in this age cohort, signify a substantial portion of mature demographic of Shade Gap, showcasing commendable financial stability in comparison to the Pennsylvania state median income benchmark.
- Householder 65 years and over: In Shade Gap, within the over 65 years age cohort, there are no households that meet or exceed the state of Pennsylvania median income of $71,798. Therefore, among the total number of households in this senior demographic, none have an income higher than the Pennsylvania state median income range.
Things to know
Which age group reports the highest median household income in Shade Gap, PA?
In Shade Gap, households led by individuals aged 65 years and over report the highest median household income of $54,316 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 Shade Gap, PA?
In terms of income distribution across age cohorts, Shade Gap only reports a median household income of $54,316 among householders in the 65 years and over age group..
How does the median household income for households led by individuals of median age compare in Shade Gap, PA?
The median age in Shade Gap 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, according to the latest American Community Survey data, the US Census Bureau did not report the median household income for householders in the 25 to 44 years age group in Shade Gap. This absence could be attributed to a smaller working population or fewer household heads within this age range, potentially resulting in less reliable or unavailable data for reporting.
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)