Spotsylvania County, VA Median Household Income By Age

Per the latest American Community Survey by the Census Bureau, Spotsylvania County sees its highest median household income among householders in the age group of 45 to 64 years old, at $126,408. Overall, the median household income for the county of Spotsylvania County stands at $95,870.
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Updated Jan 10, 2024

Median Household Income by Age of Householder in Spotsylvania County, VA (2022)

This table presents the distribution of median household income among distinct age brackets of householders in Spotsylvania County. Based on the latest 1-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Spotsylvania County.

Age Of The Head Of Household Median Household Income
Under 25 years $33,227
25 to 44 years $94,672
45 to 64 years $126,408
65 years and over $64,651
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Avg Income Age group Avg Income Diversity Index Population Gender ratio (M:F) Homeownership % Avg commute time Custom Dataset: Spotsylvania County Self-employed, multilingual, car-commuting, insured individuals 15 to 24 years $27,865 75 27,354 0.75 0.5% 55 min 25 to 44 years $44,231 90 37,459 0.86 19% 43 min 45 to 64 years $53,865 95 42,167 0.77 35% 15 min 65 to 74 years $51,800 74 32,972 0.91 45% 13 min 75 to 84 years $41,234 66 26,758 0.87 66% 42 min 85 years and over $36,093 56 18,857 0.89 76% 45 min

Spotsylvania County, VA 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 Spotsylvania County population by age, the median age in Spotsylvania County is 38.2 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 Spotsylvania County, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $94,672.

In terms of income distribution across age cohorts, in Spotsylvania County, householders within the 45 to 64 years age group have the highest median household income at $126,408, followed by those in the 25 to 44 years age group with an income of $94,672. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $64,651. Notably, householders within the under 25 years age group, had the lowest median household income at $33,227.

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 county of Spotsylvania County.

The bar chart shows Spotsylvania County, VA median household income by age of householder.
Spotsylvania County, VA median household income by age of householder: It offers a clear illustration of the differences in median household incomes in Spotsylvania County, based on the age of householders divided into four cohorts : Under 25 years, 25 - 44 years, 45 to 64 years and 65 years and over. In terms of income distribution across age cohorts, in Spotsylvania County, householders within the 45 to 64 years age group have the highest median household income at $126,408, followed by those in the 25 to 44 years age group with an income of $94,672. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $64,651. Notably, householders within the under 25 years age group, had the lowest median household income at $33,227. Source: U.S. Census Bureau American Community Survey (ACS) 2022 1-Year Estimates

Analysis of income trends over the past decade highlights notable shifts across various age groups. Among the four age groups with available Census data in both 2012 and 2022, two groups encountered a decline in their median household income, while the remaining two experienced an increase during this period. Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $11,881(10.37%), escalating from a median of $114,527 in 2012 to $126,408 in 2022. Conversely, the age group of Under 25 years years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $32,945(49.79%), declining from a median of $66,172 in 2012 to $33,227 in 2022.

Spotsylvania County, VA household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Spotsylvania County 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 1,627(3.10%) households where the householder is under 25 years old, 17,682(33.73%) households with a householder aged between 25 and 44 years, 20,157(38.46%) households with a householder aged between 45 and 64 years, and 12,949(24.70%) households where the householder is over 65 years old.

In Spotsylvania County, 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.

The bar chart displays the distribution of household income in Spotsylvania County, VA across different age groups as categorized by the U.S. Census Bureau. It illustrates the number of households within each income bracket across age categories. This visualization offers valuable insights into income disparities and variations across age groups, facilitating data analysis and informed decision-making. It enables the identification of demographics with specific financial statuses within distinct age brackets.
Spotsylvania County, VA household income distribution across age groups: In Spotsylvania County, 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. Source: U.S. Census Bureau American Community Survey (ACS) 2022 1-Year Estimates

Age-wise distribution of Spotsylvania County household incomes: Comparative analysis across 16 income brackets

Discover the household distribution across 16 income brackets among four distinct age groups in Spotsylvania County: 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 $10,000 622 1,126 188 661
$10,000 - $14,999 - 554 341 470
$15,000 - $19,999 - 203 218 702
$20,000 - $24,999 - 86 167 371
$25,000 - $29,999 - 205 323 845
$30,000 - $34,999 383 316 317 380
$35,000 - $39,999 - 229 237 637
$40,000 - $44,999 239 1,368 525 676
$45,000 - $49,999 - 284 401 229
$50,000 - $59,999 93 535 1,193 984
$60,000 - $74,999 61 1,621 776 1,228
$75,000 - $99,999 158 2,672 2,741 1,564
$100,000 - $124,999 - 2,864 2,376 1,867
$125,000 - $149,999 - 2,290 1,696 653
$150,000 - $199,999 71 1,585 3,936 605
$200,000 or more - 1,744 4,722 1,077
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To further explore the income distribution and gain insights into financial landscape of Spotsylvania County when compared to the state of Virginia 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 only 14.07% of the households in Spotsylvania County, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $85,873 for the state of Virginia. These 229 Spotsylvania County households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
  • Householder 25 to 44 years: In Spotsylvania County, among households headed by individuals aged 25 to 44, an impressive 63.09% match or surpass the state of Virginia median income of $85,873. These 11,155 households, represent a significant portion of the total 17,682 households in Spotsylvania County within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
  • Householder 45 to 64 years: In Spotsylvania County, within the age group of 45 to 64 years, a remarkable 76.75% of households meet or exceed the state of Virginia median income of $85,873. These 15,471 households, out of the total 20,157 households in this age cohort, signify a substantial portion of mature demographic of Spotsylvania County, showcasing commendable financial stability in comparison to the Virginia state median income benchmark.
  • Householder 65 years and over: In Spotsylvania County, among the over 65 years age group, a noteworthy 44.53% of households either match or surpass the state of Virginia median income of $85,873. These 5,766 households, constituting notable portion of the Spotsylvania County county senior population, showcase commendable financial stability compared to the Virginia state median income benchmark.

Things to know

Which age group reports the highest median household income in Spotsylvania County, VA?

In Spotsylvania County, households led by individuals aged 45 to 64 years report the highest median household income of $126,408 according to the American Community Survey 2022 1-Year Estimates by the US Census Bureau.

How does the median household income vary by age in Spotsylvania County, VA?

In terms of income distribution across age cohorts, in Spotsylvania County, householders within the 45 to 64 years age group have the highest median household income at $126,408, followed by those in the 25 to 44 years age group with an income of $94,672. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $64,651. Notably, householders within the under 25 years age group, had the lowest median household income at $33,227..

How does the median household income for households led by individuals of median age compare in Spotsylvania County, VA?

The median age in Spotsylvania County is 38.2, 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 Spotsylvania County, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $94,672.

References

Datasets

Explore datasets by year of publication.
2023
Age-wise distribution of Spotsylvania County, VA household incomes: Comparative analysis across 16 income brackets
Last updated January 10, 2024
ACS
Free
Neilsberg
CSV, JSON
2017-2021
CC BY 4.0
About this dataset

Context

The dataset presents the the household distribution across 16 income brackets among four distinct age groups in Spotsylvania County: Under 25 years, 25-44 years, 45-64 years, and over 65 years. The dataset highlights the variation in household income, offering valuable insights into economic trends and disparities within different age categories, aiding in data analysis and decision-making..

Key observations

  • Upon closer examination of the distribution of households among age brackets, it reveals that there are 1,627(3.10%) households where the householder is under 25 years old, 17,682(33.73%) households with a householder aged between 25 and 44 years, 20,157(38.46%) households with a householder aged between 45 and 64 years, and 12,949(24.70%) households where the householder is over 65 years old.
  • In Spotsylvania County, 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.
Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2022 1-Year Estimates.

Income brackets:

  • Less than $10,000
  • $10,000 to $14,999
  • $15,000 to $19,999
  • $20,000 to $24,999
  • $25,000 to $29,999
  • $30,000 to $34,999
  • $35,000 to $39,999
  • $40,000 to $44,999
  • $45,000 to $49,999
  • $50,000 to $59,999
  • $60,000 to $74,999
  • $75,000 to $99,999
  • $100,000 to $124,999
  • $125,000 to $149,999
  • $150,000 to $199,999
  • $200,000 or more

Variables / Data Columns

  • Household Income: This column showcases 16 income brackets ranging from Under $10,000 to $200,000+ ( As mentioned above).
  • Under 25 years: The count of households led by a head of household under 25 years old with income within a specified income bracket.
  • 25 to 44 years: The count of households led by a head of household 25 to 44 years old with income within a specified income bracket.
  • 45 to 64 years: The count of households led by a head of household 45 to 64 years old with income within a specified income bracket.
  • 65 years and over: The count of households led by a head of household 65 years and over old with income within a specified income bracket.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Spotsylvania County median household income by age. You can refer the same here

Spotsylvania County, VA annual median income by age groups dataset (in 2022 inflation-adjusted dollars)
Last updated January 10, 2024
ACS
Free
Neilsberg
CSV, JSON
2017-2021
CC BY 4.0
About this dataset

Context

The dataset presents the distribution of median household income among distinct age brackets of householders in Spotsylvania County. Based on the latest 2022 1-Year Estimates from the American Community Survey, it displays how income varies among householders of different ages in Spotsylvania County. It showcases how household incomes typically rise as the head of the household gets older. The dataset can be utilized to gain insights into age-based household income trends and explore the variations in incomes across households.

Key observations: Insights from 2022

In terms of income distribution across age cohorts, in Spotsylvania County, householders within the 45 to 64 years age group have the highest median household income at $126,408, followed by those in the 25 to 44 years age group with an income of $94,672. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $64,651. Notably, householders within the under 25 years age group, had the lowest median household income at $33,227.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2022 1-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Age groups classifications include:

  • Under 25 years
  • 25 to 44 years
  • 45 to 64 years
  • 65 years and over

Variables / Data Columns

  • Age Of The Head Of Household: This column presents the age of the head of household
  • Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific age group

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Spotsylvania County median household income by age. You can refer the same here

If you're looking for datasets from another year, please feel free to contact us at research@neilsberg.com and we'll be happy to assist you further.

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Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

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