Walthall County, MS 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 Walthall County population by age, the median age in Walthall County is 39 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 Walthall County, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $47,913.
In terms of income distribution across age cohorts, in Walthall County, householders within the under 25 years age group have the highest median household income at $219,673, followed by those in the 25 to 44 years age group with an income of $47,913. Meanwhile householders within the 45 to 64 years age group report the second lowest median household income of $38,814. Notably, householders within the 65 years and over age group, had the lowest median household income at $25,781.
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 Walthall County.
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 2011 and 2021, 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 Under 25 years age group demonstrated a remarkable increase of $212,745(3070.80%), escalating from a median of $6,928 in 2011 to $219,673 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 $13,523(22.01%), declining from a median of $61,436 in 2011 to $47,913 in 2021.
Walthall County, MS household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Walthall 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 17(0.32%) households where the householder is under 25 years old, 1,343(25.09%) households with a householder aged between 25 and 44 years, 2,330(43.53%) households with a householder aged between 45 and 64 years, and 1,663(31.07%) households where the householder is over 65 years old.
The age group of under 25 years exhibits the highest median household income, while the largest number of households falls within the 45 to 64 years bracket. This distribution hints at economic disparities within the county of Walthall County, showcasing varying income levels among different age demographics.
Age-wise distribution of Walthall County household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Walthall 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 | - | 114 | 409 | 246 |
| $10,000 - $14,999 | - | 61 | 288 | 321 |
| $15,000 - $19,999 | 2 | 3 | 143 | 172 |
| $20,000 - $24,999 | - | 147 | 68 | 121 |
| $25,000 - $29,999 | - | 126 | 6 | 104 |
| $30,000 - $34,999 | - | 60 | 223 | 87 |
| $35,000 - $39,999 | - | 6 | 121 | 47 |
| $40,000 - $44,999 | 3 | 196 | 60 | 118 |
| $45,000 - $49,999 | - | - | 45 | 43 |
| $50,000 - $59,999 | - | 109 | 181 | 86 |
| $60,000 - $74,999 | - | 161 | 204 | 73 |
| $75,000 - $99,999 | - | 126 | 192 | 83 |
| $100,000 - $124,999 | - | 18 | 122 | 35 |
| $125,000 - $149,999 | - | 183 | 196 | 36 |
| $150,000 - $199,999 | - | 16 | 50 | 61 |
| $200,000 or more | 12 | 17 | 22 | 30 |
To further explore the income distribution and gain insights into financial landscape of Walthall County when compared to the state of Mississippi 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 70.59% of the households in Walthall County, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $52,719 for the state of Mississippi. These 12 Walthall County households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In Walthall County, among households headed by individuals aged 25 to 44,worth noting that 46.91% match or surpass the state of Mississippi median income of $52,719. These 630 households, represent a notable portion of the total 1,343 households in Walthall County within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Walthall County, within the age group of 45 to 64 years, a noteworthy 41.50% of households meet or exceed the state of Mississippi median income of $52,719. These 967 households, out of the total 2,330 households in this age cohort, signify a notable portion of mature demographic of Walthall County, showcasing commendable financial stability in comparison to the Mississippi state median income benchmark.
- Householder 65 years and over: In Walthall County, among the over 65 years age group, only 24.29% of households either match or surpass the state of Mississippi median income of $52,719. These 404 households, constituting low portion of the Walthall County county senior population, showcase commendable financial stability compared to the Mississippi state median income benchmark.