Mangonia Park, FL Median Household Income By Age

Mangonia Park, 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 Mangonia Park population by age, the median age in Mangonia Park is 30.5 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 Mangonia Park, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $52,216.

In terms of income distribution across age cohorts, in Mangonia Park, the median household income stands at $52,216 for householders within the 25 to 44 years age group, followed by $47,786 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $31,498.

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 Mangonia Park.

FIGURE 1

Mangonia Park, FL median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Mangonia Park, 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 three age groups with available Census data in both 2012 and 2022, one groups encountered a decline in their median household income, while the remaining two experienced an increase during this period. Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $22,580(76.19%), escalating from a median of $29,636 in 2012 to $52,216 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 $24(0.08%), declining from a median of $31,522 in 2012 to $31,498 in 2022.

Mangonia Park, FL household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Mangonia Park 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 31(4.59%) households where the householder is under 25 years old, 320(47.41%) households with a householder aged between 25 and 44 years, 237(35.11%) households with a householder aged between 45 and 64 years, and 87(12.89%) households where the householder is over 65 years old.

In Mangonia Park, the age group of 25 to 44 years 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

Mangonia Park, FL household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Mangonia Park: 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 Mangonia Park 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 worth noting that 35.48% of the households in Mangonia Park, where householders are under 25 years old, are either within or surpass the income bracket representing the median income of $70,719 for the state of Florida. These 11 Mangonia Park households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
• Householder 25 to 44 years: In Mangonia Park, among households headed by individuals aged 25 to 44,worth noting that 34.69% match or surpass the state of Florida median income of $70,719. These 111 households, represent a notable portion of the total 320 households in Mangonia Park within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Mangonia Park, within the age group of 45 to 64 years, a noteworthy 24.89% of households meet or exceed the state of Florida median income of $70,719. These 59 households, out of the total 237 households in this age cohort, signify a notable portion of mature demographic of Mangonia Park, showcasing commendable financial stability in comparison to the Florida state median income benchmark.
• Householder 65 years and over: In Mangonia Park, among the over 65 years age group, a noteworthy 26.44% of households either match or surpass the state of Florida median income of $70,719. These 23 households, constituting notable portion of the Mangonia Park 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 Mangonia Park, FL?

In Mangonia Park, households led by individuals aged 25 to 44 years report the highest median household income of $52,216 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 Mangonia Park, FL?

In terms of income distribution across age cohorts, in Mangonia Park, the median household income stands at $52,216 for householders within the 25 to 44 years age group, followed by $47,786 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $31,498..

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

The median age in Mangonia Park is 30.5, 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 Mangonia Park, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $52,216.

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