Median Household Income by Age of Householder in Stone Mountain, GA (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Stone Mountain. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Stone Mountain.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | $41,721 |
45 to 64 years | $47,570 |
65 years and over | $58,798 |
TABLE OF CONTENTS
Stone Mountain, GA 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 Stone Mountain population by age, the median age in Stone Mountain is 34.6 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 Stone Mountain, the age group of 25 to 44 years had the second lowest median household income, recorded at $41,721.
In terms of income distribution across age cohorts, in Stone Mountain, the median household income stands at $58,798 for householders within the 65 years and over age group, followed by $47,570 for the 45 to 64 years age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $41,721.
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 Stone Mountain.
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 25 to 44 years age group demonstrated the smallest decline of $5,271(11.22%), declining from a median of $46,992 in 2011 to $41,721 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 $32,732(40.76%), declining from a median of $80,302 in 2011 to $47,570 in 2021.
Stone Mountain, GA household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Stone Mountain 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 20(0.82%) households where the householder is under 25 years old, 1,143(46.86%) households with a householder aged between 25 and 44 years, 852(34.93%) households with a householder aged between 45 and 64 years, and 424(17.38%) households where the householder is over 65 years old.
The age group of 65 years and over exhibits the highest median household income, while the largest number of households falls within the 25 to 44 years bracket. This distribution hints at economic disparities within the city of Stone Mountain, showcasing varying income levels among different age demographics.
Age-wise distribution of Stone Mountain household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Stone Mountain: 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 | 5 | 80 | 36 | 16 |
$10,000 - $14,999 | - | 18 | - | 6 |
$15,000 - $19,999 | - | 275 | 26 | 2 |
$20,000 - $24,999 | - | 49 | 17 | 39 |
$25,000 - $29,999 | - | 78 | 159 | 22 |
$30,000 - $34,999 | 5 | 43 | 29 | - |
$35,000 - $39,999 | - | 47 | 71 | 16 |
$40,000 - $44,999 | - | 45 | 109 | 39 |
$45,000 - $49,999 | - | 40 | 30 | 28 |
$50,000 - $59,999 | - | 120 | 21 | 62 |
$60,000 - $74,999 | - | 44 | 108 | 47 |
$75,000 - $99,999 | - | 155 | 101 | 85 |
$100,000 - $124,999 | - | 40 | 20 | 11 |
$125,000 - $149,999 | 10 | 57 | 31 | 38 |
$150,000 - $199,999 | - | 52 | 94 | 13 |
$200,000 or more | - | - | - | - |
To further explore the income distribution and gain insights into financial landscape of Stone Mountain when compared to the state of Georgia 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 50% of the households in Stone Mountain, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $72,837 for the state of Georgia. These 10 Stone Mountain households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In Stone Mountain, among households headed by individuals aged 25 to 44,worth noting that 30.45% match or surpass the state of Georgia median income of $72,837. These 348 households, represent a notable portion of the total 1,143 households in Stone Mountain within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Stone Mountain, within the age group of 45 to 64 years, a noteworthy 41.55% of households meet or exceed the state of Georgia median income of $72,837. These 354 households, out of the total 852 households in this age cohort, signify a notable portion of mature demographic of Stone Mountain, showcasing commendable financial stability in comparison to the Georgia state median income benchmark.
- Householder 65 years and over: In Stone Mountain, among the over 65 years age group, a noteworthy 45.75% of households either match or surpass the state of Georgia median income of $72,837. These 194 households, constituting notable portion of the Stone Mountain city senior population, showcase commendable financial stability compared to the Georgia state median income benchmark.
Things to know
Which age group reports the highest median household income in Stone Mountain, GA?
In Stone Mountain, households led by individuals aged 65 years and over report the highest median household income of $58,798 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 Stone Mountain, GA?
In terms of income distribution across age cohorts, in Stone Mountain, the median household income stands at $58,798 for householders within the 65 years and over age group, followed by $47,570 for the 45 to 64 years age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $41,721..
How does the median household income for households led by individuals of median age compare in Stone Mountain, GA?
The median age in Stone Mountain is 34.6, 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 Stone Mountain, the age group of 25 to 44 years had the second lowest median household income, recorded at $41,721.
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)