Bella Vista, AR Median Household Income By Age - 2024 Update | Neilsberg (2024)

Bella Vista, AR 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 Bella Vista population by age, the median age in Bella Vista is 50.9 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 Bella Vista, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $95,736.

In terms of income distribution across age cohorts, in Bella Vista, householders within the 25 to 44 years age group have the highest median household income at $107,949, followed by those in the 45 to 64 years age group with an income of $95,736. Meanwhile householders within the under 25 years age group report the second lowest median household income of $78,796. Notably, householders within the 65 years and over age group, had the lowest median household income at $64,871.

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 Bella Vista.

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, one groups encountered a decline in their median household income, while the remaining three experienced an increase during this period. Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $13,539(14.34%), escalating from a median of $94,410 in 2011 to $107,949 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 $5,572(5.50%), declining from a median of $101,308 in 2011 to $95,736 in 2021.

Bella Vista, AR household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Bella Vista 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 170(1.37%) households where the householder is under 25 years old, 2,994(24.18%) households with a householder aged between 25 and 44 years, 3,871(31.26%) households with a householder aged between 45 and 64 years, and 5,347(43.18%) households where the householder is over 65 years old.

The age group of 25 to 44 years exhibits the highest median household income, while the largest number of households falls within the 65 years and over bracket. This distribution hints at economic disparities within the town of Bella Vista, showcasing varying income levels among different age demographics.

To further explore the income distribution and gain insights into financial landscape of Bella Vista when compared to the state of Arkansas 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 90.59% of the households in Bella Vista, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $55,432 for the state of Arkansas. These 154 Bella Vista households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
• Householder 25 to 44 years: In Bella Vista, among households headed by individuals aged 25 to 44, an impressive 86.87% match or surpass the state of Arkansas median income of $55,432. These 2,601 households, represent a significant portion of the total 2,994 households in Bella Vista within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Bella Vista, within the age group of 45 to 64 years, a remarkable 74.81% of households meet or exceed the state of Arkansas median income of $55,432. These 2,896 households, out of the total 3,871 households in this age cohort, signify a substantial portion of mature demographic of Bella Vista, showcasing commendable financial stability in comparison to the Arkansas state median income benchmark.
• Householder 65 years and over: In Bella Vista, among the over 65 years age group, an impressive 59.38% of households either match or surpass the state of Arkansas median income of $55,432. These 3,175 households, constituting a significant portion of the Bella Vista town senior population, showcase commendable financial stability compared to the Arkansas state median income benchmark.

Things to know

Which age group reports the highest median household income in Bella Vista, AR?

In Bella Vista, households led by individuals aged 25 to 44 years report the highest median household income of $107,949 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 Bella Vista, AR?

In terms of income distribution across age cohorts, in Bella Vista, householders within the 25 to 44 years age group have the highest median household income at $107,949, followed by those in the 45 to 64 years age group with an income of $95,736. Meanwhile householders within the under 25 years age group report the second lowest median household income of $78,796. Notably, householders within the 65 years and over age group, had the lowest median household income at $64,871..

How does the median household income for households led by individuals of median age compare in Bella Vista, AR?

The median age in Bella Vista is 50.9, 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 Bella Vista, the age group of 45 to 64 years exhibited the second-highest median household income, recorded at $95,736.

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