Jupiter Island, FL Median Household Income By Age

Jupiter Island, 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 Jupiter Island population by age, the median age in Jupiter Island is 65.8 years.

Typically for a location with median age in this range, it suggests a significant population of retirees or older individuals. Interestingly, within Jupiter Island, the age group of 65 years and over also exhibits the highest median household income, recorded at $250,001.

In terms of income distribution across age cohorts, in Jupiter Island, the median household income stands at $250,001 for householders within the 65 years and over age group, followed by $135,703 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 $132,059.

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 Jupiter Island.

FIGURE 1

Jupiter Island, FL median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Jupiter Island, 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. Among the two age groups with available Census data in both 2013 and 2023, none had an increase in this time period. Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $78,436(23.88%), declining from a median of $328,437 in 2013 to $250,001 in 2023. 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 $196,378(59.79%), declining from a median of $328,437 in 2013 to $132,059 in 2023.

Jupiter Island, FL household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Jupiter Island 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 3(0.82%) households where the householder is under 25 years old, 29(7.97%) households with a householder aged between 25 and 44 years, 86(23.63%) households with a householder aged between 45 and 64 years, and 246(67.58%) households where the householder is over 65 years old.

In Jupiter Island, 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

Jupiter Island, FL household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Jupiter Island: under 25 years, 25-44 years, 45-64 years, and over 65 years

To further explore the income distribution and gain insights into financial landscape of Jupiter Island 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: It is noteworthy that no households in Jupiter Island, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $71,711 for the state of Florida. This indicates an income disparity among households headed by individuals under 25 years old when compared to the median income of the state.
• Householder 25 to 44 years: In Jupiter Island, among households headed by individuals aged 25 to 44, an impressive 75.86% match or surpass the state of Florida median income of $71,711. These 22 households, represent a significant portion of the total 29 households in Jupiter Island within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Jupiter Island, within the age group of 45 to 64 years, a remarkable 88.37% of households meet or exceed the state of Florida median income of $71,711. These 76 households, out of the total 86 households in this age cohort, signify a substantial portion of mature demographic of Jupiter Island, showcasing commendable financial stability in comparison to the Florida state median income benchmark.
• Householder 65 years and over: In Jupiter Island, among the over 65 years age group, an impressive 83.74% of households either match or surpass the state of Florida median income of $71,711. These 206 households, constituting a significant portion of the Jupiter Island town 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 Jupiter Island, FL?

In Jupiter Island, households led by individuals aged 65 years and over report the highest median household income of $250,001 according to the American Community Survey 2019-2023 5-Year Estimates by the US Census Bureau.

How does the median household income vary by age in Jupiter Island, FL?

In terms of income distribution across age cohorts, in Jupiter Island, the median household income stands at $250,001 for householders within the 65 years and over age group, followed by $135,703 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 $132,059..

How does the median household income for households led by individuals of median age compare in Jupiter Island, FL?

The median age in Jupiter Island is 65.8, 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 Jupiter Island, the age group of 65 years and over also exhibits the highest median household income, recorded at $250,001.

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