Median Household Income by Age of Householder in West Logan, WV (2021, in 2022 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in West Logan. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in West Logan.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | - |
25 to 44 years | $43,043 |
45 to 64 years | $27,248 |
65 years and over | $54,496 |
TABLE OF CONTENTS
West Logan, WV 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 West Logan population by age, the median age in West Logan is 29.5 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 West Logan, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $43,043.
In terms of income distribution across age cohorts, in West Logan, the median household income stands at $54,496 for householders within the 65 years and over age group, followed by $43,043 for the 25 to 44 years age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $27,248.
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 town of West Logan.
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 65 years and over age group demonstrated a remarkable increase of $8,186(17.68%), escalating from a median of $46,310 in 2011 to $54,496 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 $21,241(43.81%), declining from a median of $48,489 in 2011 to $27,248 in 2021.
West Logan, WV household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the West Logan 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(0.69%) households where the householder is under 25 years old, 67(46.53%) households with a householder aged between 25 and 44 years, 47(32.64%) households with a householder aged between 45 and 64 years, and 29(20.14%) 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 town of West Logan, showcasing varying income levels among different age demographics.
Age-wise distribution of West Logan household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in West Logan: 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 | - | 9 | 5 | 4 |
$10,000 - $14,999 | - | - | 1 | - |
$15,000 - $19,999 | - | 3 | 2 | 2 |
$20,000 - $24,999 | - | - | 15 | - |
$25,000 - $29,999 | - | 3 | 6 | 2 |
$30,000 - $34,999 | - | 12 | - | 6 |
$35,000 - $39,999 | - | 7 | - | - |
$40,000 - $44,999 | - | - | - | - |
$45,000 - $49,999 | - | - | - | - |
$50,000 - $59,999 | 1 | 6 | 13 | 3 |
$60,000 - $74,999 | - | 15 | 3 | 4 |
$75,000 - $99,999 | - | 12 | 2 | - |
$100,000 - $124,999 | - | - | - | 3 |
$125,000 - $149,999 | - | - | - | 5 |
$150,000 - $199,999 | - | - | - | - |
$200,000 or more | - | - | - | - |
To further explore the income distribution and gain insights into financial landscape of West Logan when compared to the state of West 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 impressive that 100% of the households in West Logan, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $54,329 for the state of West Virginia. These 1 West Logan households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
- Householder 25 to 44 years: In West Logan, among households headed by individuals aged 25 to 44,worth noting that 49.25% match or surpass the state of West Virginia median income of $54,329. These 33 households, represent a notable portion of the total 67 households in West Logan within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In West Logan, within the age group of 45 to 64 years, a noteworthy 38.30% of households meet or exceed the state of West Virginia median income of $54,329. These 18 households, out of the total 47 households in this age cohort, signify a notable portion of mature demographic of West Logan, showcasing commendable financial stability in comparison to the West Virginia state median income benchmark.
- Householder 65 years and over: In West Logan, among the over 65 years age group, an impressive 51.72% of households either match or surpass the state of West Virginia median income of $54,329. These 15 households, constituting a significant portion of the West Logan town senior population, showcase commendable financial stability compared to the West Virginia state median income benchmark.
Things to know
Which age group reports the highest median household income in West Logan, WV?
In West Logan, households led by individuals aged 65 years and over report the highest median household income of $54,496 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 West Logan, WV?
In terms of income distribution across age cohorts, in West Logan, the median household income stands at $54,496 for householders within the 65 years and over age group, followed by $43,043 for the 25 to 44 years age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $27,248..
How does the median household income for households led by individuals of median age compare in West Logan, WV?
The median age in West Logan is 29.5, 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 West Logan, the age group of 25 to 44 years exhibited the second-highest median household income, recorded at $43,043.
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)