Median Household Income by Age of Householder in Anna Maria, FL (2022, in 2023 inflation-adjusted dollars)
This table presents the distribution of median household income among distinct age brackets of householders in Anna Maria. Based on the latest 5-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Anna Maria.
| Age Of The Head Of Household | Median Household Income |
|---|---|
| Under 25 years | - |
| 25 to 44 years | - |
| 45 to 64 years | - |
| 65 years and over | $62,258 |
TABLE OF CONTENTS
Anna Maria, FL 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 Anna Maria population by age, the median age in Anna Maria is 67.3 years.
Typically for a location with median age in this range, it suggests a significant population of retirees or older individuals. Interestingly, within Anna Maria, the age group of 65 years and over also exhibits the highest median household income, recorded at $62,258.
In terms of income distribution across age cohorts, Anna Maria only reports a median household income of $62,258 among householders in the 65 years and over age group.
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 city of Anna Maria.
FIGURE 1
Anna Maria, FL median household income by age of householder
It offers a clear illustration of the differences in median household incomes in Anna Maria, based on the age of householders divided into four cohorts : Under 25 years, 25 - 44 years, 45 to 64 years and 65 years and over.
Analysis of income trends over the past decade highlights notable shifts across various age groups. Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $10,676(14.64%), declining from a median of $72,934 in 2012 to $62,258 in 2022. Conversely, the age group of 65 years and over years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $10,676(14.64%), declining from a median of $72,934 in 2012 to $62,258 in 2022.
Anna Maria, FL household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Anna Maria 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 0 households where the householder is under 25 years old, 2(0.41%) households with a householder aged between 25 and 44 years, 183(37.65%) households with a householder aged between 45 and 64 years, and 301(61.93%) households where the householder is over 65 years old.
In Anna Maria, the age group of 65 years and over 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.
FIGURE 2
Anna Maria, FL household income distribution across age groups
Household income distribution across 16 income brackets among four distinct age groups in Anna Maria: under 25 years, 25-44 years, 45-64 years, and over 65 years
Age-wise distribution of Anna Maria household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Anna Maria: 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 | - | - | - | 6 |
| $10,000 - $14,999 | - | - | - | - |
| $15,000 - $19,999 | - | - | - | - |
| $20,000 - $24,999 | - | - | - | 9 |
| $25,000 - $29,999 | - | - | 5 | 49 |
| $30,000 - $34,999 | - | - | - | 11 |
| $35,000 - $39,999 | - | - | 5 | 17 |
| $40,000 - $44,999 | - | - | - | 5 |
| $45,000 - $49,999 | - | - | 5 | 22 |
| $50,000 - $59,999 | - | - | - | 32 |
| $60,000 - $74,999 | - | - | 6 | 12 |
| $75,000 - $99,999 | - | 2 | 58 | 67 |
| $100,000 - $124,999 | - | - | 7 | 13 |
| $125,000 - $149,999 | - | - | - | 11 |
| $150,000 - $199,999 | - | - | 17 | 18 |
| $200,000 or more | - | - | 80 | 29 |
To further explore the income distribution and gain insights into financial landscape of Anna Maria when compared to the state of Florida 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: In Anna Maria, the comparison with the median income of the state and the nation remains inapplicable as there are no households headed by individuals under 25 years old.
- Householder 25 to 44 years: In Anna Maria, among households headed by individuals aged 25 to 44, an impressive 100% match or surpass the state of Florida median income of $70,719. These 2 households, represent a significant portion of the total 2 households in Anna Maria within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Anna Maria, within the age group of 45 to 64 years, a remarkable 91.80% of households meet or exceed the state of Florida median income of $70,719. These 168 households, out of the total 183 households in this age cohort, signify a substantial portion of mature demographic of Anna Maria, showcasing commendable financial stability in comparison to the Florida state median income benchmark.
- Householder 65 years and over: In Anna Maria, among the over 65 years age group, a noteworthy 49.83% of households either match or surpass the state of Florida median income of $70,719. These 150 households, constituting notable portion of the Anna Maria city senior population, showcase commendable financial stability compared to the Florida state median income benchmark.
Things to know
Which age group reports the highest median household income in Anna Maria, FL?
In Anna Maria, households led by individuals aged 65 years and over report the highest median household income of $62,258 according to the American Community Survey 2018-2022 5-Year Estimates by the US Census Bureau.
How does the median household income vary by age in Anna Maria, FL?
In terms of income distribution across age cohorts, Anna Maria only reports a median household income of $62,258 among householders in the 65 years and over age group..
How does the median household income for households led by individuals of median age compare in Anna Maria, FL?
The median age in Anna Maria is 67.3, which falls within the 65 years and over range among the four age groups defined by the US Census Bureau. This demographic suggests a significant population of retirees or older individuals. Interestingly, within Anna Maria, the age group of 65 years and over also exhibits the highest median household income, recorded at $62,258.
References
- U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)