Median Household Income by Age of Householder in Warrington township, Bucks County, Pennsylvania (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Warrington township. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Warrington township.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | $141,870 |
45 to 64 years | $161,109 |
65 years and over | $70,194 |
TABLE OF CONTENTS
Warrington township, Bucks County, Pennsylvania 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 Warrington township population by age, the median age in Warrington township is 44.7 years.
Typically for a location with median age in this range, it tends to house more established professionals, possibly reflecting stable households and higher earning poptential. Interestingly, within Warrington township, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $161,109.
In terms of income distribution across age cohorts, in Warrington township, the median household income stands at $161,109 for householders within the 45 to 64 years age group, followed by $141,870 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $70,194.
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 township of Warrington township.
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, two 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 $31,952(24.74%), escalating from a median of $129,157 in 2011 to $161,109 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 $3,151(2.17%), declining from a median of $145,021 in 2011 to $141,870 in 2021.
Warrington township, Bucks County, Pennsylvania household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Warrington township 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 76(0.82%) households where the householder is under 25 years old, 2,259(24.33%) households with a householder aged between 25 and 44 years, 4,455(47.98%) households with a householder aged between 45 and 64 years, and 2,495(26.87%) households where the householder is over 65 years old.
In Warrington township, 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 Warrington township household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Warrington township: 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 | 36 | 16 | - | 95 |
$10,000 - $14,999 | - | 38 | 28 | 122 |
$15,000 - $19,999 | - | - | 170 | 67 |
$20,000 - $24,999 | - | 23 | 101 | 135 |
$25,000 - $29,999 | 8 | 45 | 22 | 114 |
$30,000 - $34,999 | - | 49 | 24 | 35 |
$35,000 - $39,999 | 10 | 34 | 56 | 178 |
$40,000 - $44,999 | 11 | 32 | 55 | 26 |
$45,000 - $49,999 | - | - | 47 | 113 |
$50,000 - $59,999 | - | 73 | 129 | 261 |
$60,000 - $74,999 | 11 | 161 | 322 | 298 |
$75,000 - $99,999 | - | 377 | 342 | 265 |
$100,000 - $124,999 | - | 258 | 470 | 242 |
$125,000 - $149,999 | - | 192 | 479 | 133 |
$150,000 - $199,999 | - | 415 | 709 | 223 |
$200,000 or more | - | 546 | 1,501 | 188 |
To further explore the income distribution and gain insights into financial landscape of Warrington township 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 noteworthy that only 14.47% of the households in Warrington township, 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 11 Warrington township households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In Warrington township, among households headed by individuals aged 25 to 44, an impressive 86.28% match or surpass the state of Pennsylvania median income of $71,798. These 1,949 households, represent a significant portion of the total 2,259 households in Warrington township within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Warrington township, within the age group of 45 to 64 years, a remarkable 85.81% of households meet or exceed the state of Pennsylvania median income of $71,798. These 3,823 households, out of the total 4,455 households in this age cohort, signify a substantial portion of mature demographic of Warrington township, showcasing commendable financial stability in comparison to the Pennsylvania state median income benchmark.
- Householder 65 years and over: In Warrington township, among the over 65 years age group, an impressive 54.07% of households either match or surpass the state of Pennsylvania median income of $71,798. These 1,349 households, constituting a significant portion of the Warrington township township senior population, showcase commendable financial stability compared to the Pennsylvania state median income benchmark.
Things to know
Which age group reports the highest median household income in Warrington township, Bucks County, Pennsylvania?
In Warrington township, households led by individuals aged 45 to 64 years report the highest median household income of $161,109 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 Warrington township, Bucks County, Pennsylvania?
In terms of income distribution across age cohorts, in Warrington township, the median household income stands at $161,109 for householders within the 45 to 64 years age group, followed by $141,870 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $70,194..
How does the median household income for households led by individuals of median age compare in Warrington township, Bucks County, Pennsylvania?
The median age in Warrington township is 44.7, which falls within the 45 to 64 years range among the four age groups defined by the US Census Bureau. This demographic tends to house more established professionals, possibly reflecting stable households and higher earning poptential. Interestingly, within Warrington township, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $161,109.
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)