Ponce Inlet, FL Median Household Income By Age

Ponce Inlet, 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 Ponce Inlet population by age, the median age in Ponce Inlet is 65.1 years.

Typically for a location with median age in this range, it suggests a significant population of retirees or older individuals. Interestingly, within Ponce Inlet, the age group of 65 years and over had the second lowest median household income, recorded at $85,076.

In terms of income distribution across age cohorts, in Ponce Inlet, the median household income stands at $154,514 for householders within the 45 to 64 years age group, followed by $86,731 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $85,076.

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 Ponce Inlet.

FIGURE 1

Ponce Inlet, FL median household income by age of householder

It offers a clear illustration of the differences in median household incomes in Ponce Inlet, 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, two groups encountered a decline in their median household income, while the remaining one experienced an increase during this period. Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $52,569(51.57%), escalating from a median of $101,945 in 2012 to $154,514 in 2022. Conversely, the age group of 25 to 44 years years witnessed the most significant decline in household income across the same span. Their median income saw a substantial drop of $246,678(73.99%), declining from a median of $333,409 in 2012 to $86,731 in 2022.

Ponce Inlet, FL household income distribution across age groups

To gain a comprehensive understanding of the financial landscape within the Ponce Inlet 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, 67(3.99%) households with a householder aged between 25 and 44 years, 563(33.51%) households with a householder aged between 45 and 64 years, and 1,050(62.50%) households where the householder is over 65 years old.

The age group of 45 to 64 years exhibits the highest median household income, while the largest number of households falls within the 65 years and over bracket. This distribution hints at economic disparities within the town of Ponce Inlet, showcasing varying income levels among different age demographics.

FIGURE 2

Ponce Inlet, FL household income distribution across age groups

Household income distribution across 16 income brackets among four distinct age groups in Ponce Inlet: 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 Ponce Inlet 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 Ponce Inlet, 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 Ponce Inlet, among households headed by individuals aged 25 to 44, an impressive 86.57% match or surpass the state of Florida median income of $70,719. These 58 households, represent a significant portion of the total 67 households in Ponce Inlet within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
• Householder 45 to 64 years: In Ponce Inlet, within the age group of 45 to 64 years, a remarkable 81.17% of households meet or exceed the state of Florida median income of $70,719. These 457 households, out of the total 563 households in this age cohort, signify a substantial portion of mature demographic of Ponce Inlet, showcasing commendable financial stability in comparison to the Florida state median income benchmark.
• Householder 65 years and over: In Ponce Inlet, among the over 65 years age group, an impressive 64.38% of households either match or surpass the state of Florida median income of $70,719. These 676 households, constituting a significant portion of the Ponce Inlet 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 Ponce Inlet, FL?

In Ponce Inlet, households led by individuals aged 45 to 64 years report the highest median household income of $154,514 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 Ponce Inlet, FL?

In terms of income distribution across age cohorts, in Ponce Inlet, the median household income stands at $154,514 for householders within the 45 to 64 years age group, followed by $86,731 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $85,076..

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

The median age in Ponce Inlet is 65.1, 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 Ponce Inlet, the age group of 65 years and over had the second lowest median household income, recorded at $85,076.

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