Homes and taxes

Income by age

A household headed by someone 65 or over has a median income of $72,935, 56.5% of a 45-to-64 household’s.

Median income by age of householder
2014–20182019–2023
2014–20182019–2023
25 to 44$111,569$119,500
45 to 64$117,891$129,183
65 and over$42,742$72,935

Census Bureau sample medians; each carries a margin of error, given in the facts below.

1 · The facts

  • $72,935

    householder 65 or over, ± $8,677, 2019–2023

  • $129,183

    householder 45 to 64, ± $21,150

  • $119,500

    householder 25 to 44, ± $20,747

  • 56.5%

    the 65-and-over median against 45 to 64 (ours)

  • $42,742

    householder 65 or over, ± $12,593, 2014–2018

  • —

    property tax paid by households 65 and over

    not published

2 · What it shows

  1. 1

    A 65-and-over household’s median income is 56.5% of a 45-to-64 household’s.

  2. 2

    The 65-and-over median rose from $42,742 to $72,935, one of the few changes beyond the margin.

  3. 3

    How much of the levy households headed by someone 65 or over pay is not published.

What was said

  • “particularly seniors on fixed incomes, a $3,000,000 override would translate to approximately $600 per year in additional taxes, a significant burden”

    Finance Committee minutes, 2026-01-27

Sources

What changed

Version 15 — updated September 20, 2026