Mary Esther, FL Median Household Income By Age

Mary Esther, 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 Mary Esther population by age, the median age in Mary Esther is 38.6 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 Mary Esther, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $98,975.

In terms of income distribution across age cohorts, in Mary Esther, the median household income stands at $98,975 for householders within the 25 to 44 years age group, followed by $77,931 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 $68,628.

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 Mary Esther.

FIGURE 1

Mary Esther, FL median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Mary Esther, 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 $30,418(44.37%), escalating from a median of $68,557 in 2012 to $98,975 in 2022. 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 $14,728(15.89%), declining from a median of $92,659 in 2012 to $77,931 in 2022.

Mary Esther, FL household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Mary Esther 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 33(2.19%) households where the householder is under 25 years old, 485(32.25%) households with a householder aged between 25 and 44 years, 524(34.84%) households with a householder aged between 45 and 64 years, and 462(30.72%) 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 45 to 64 years bracket. This distribution hints at economic disparities within the city of Mary Esther, showcasing varying income levels among different age demographics.

FIGURE 2

Mary Esther, FL household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Mary Esther: 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 Mary Esther 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 33.33% of the households in Mary Esther, 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 Mary Esther households demonstrate a significant financial standing, aligning with or exceeding the median income of the state.
• Householder 25 to 44 years: In Mary Esther, among households headed by individuals aged 25 to 44, an impressive 63.30% match or surpass the state of Florida median income of $70,719. These 307 households, represent a significant portion of the total 485 households in Mary Esther within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Mary Esther, within the age group of 45 to 64 years, a remarkable 67.75% of households meet or exceed the state of Florida median income of $70,719. These 355 households, out of the total 524 households in this age cohort, signify a substantial portion of mature demographic of Mary Esther, showcasing commendable financial stability in comparison to the Florida state median income benchmark.
• Householder 65 years and over: In Mary Esther, among the over 65 years age group, an impressive 58.66% of households either match or surpass the state of Florida median income of $70,719. These 271 households, constituting a significant portion of the Mary Esther 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 Mary Esther, FL?

In Mary Esther, households led by individuals aged 25 to 44 years report the highest median household income of $98,975 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 Mary Esther, FL?

In terms of income distribution across age cohorts, in Mary Esther, the median household income stands at $98,975 for householders within the 25 to 44 years age group, followed by $77,931 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 $68,628..

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

The median age in Mary Esther is 38.6, 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 Mary Esther, the age group of 25 to 44 years also exhibits the highest median household income, recorded at $98,975.

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