Age of householder
Per the latest American Community Survey by the Census Bureau, Cinco Bayou sees its highest median household income among householders in the age group of 65 years and over old, at $73,862. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Cinco Bayou, where there exist only two delineated age groups, the median household income is $73,862 for householders within the 65 years and over age group, compared to $57,378 for the 25 to 44 years age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $38,721(110.19%), escalating from a median of $35,141 in 2011 to $73,862 in 2021.
- 10(3.37%) households where the householder is under 25 years old.
- 115(38.72%) households with a householder aged between 25 and 44 years.
- 98(33%) households with a householder aged between 45 and 64 years.
- 74(24.92%) households where the householder is over 65 years old.
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Gender
In Cinco Bayou, the population consists of 393 males (58.57%) and 278 females (41.43%). Here are the primary highlights from the gender-based income distribution analysis:
- In Cinco Bayou, the median income for all workers aged 15 years and older, regardless of work hours, was $37,381 for males and $38,182 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $40,327 for males and $46,164 for females.
- In Cinco Bayou, the median income for all workers aged 15 years and older, regardless of work hours, was $37,381 for males and $38,182 for females.
- In Cinco Bayou, among full-time, year-round workers aged 15 years and older, males earned a median income of $40,327, while females earned $46,164
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Race
In Cinco Bayou, the population is predominantly White, constituting 77.20% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $75,073.
- In Cinco Bayou, White is both the largest group and the one with the highest median household income, which stands at $75,073.
- In Cinco Bayou, the median household income for the households where the householder is White increased by $5,608(8.07%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $69,465 in 2011 and $75,073 in 2021.
- In Cinco Bayou, the median household income for Black or African American households was $43,150 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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Year by year
Cinco Bayou, FL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Cinco Bayou increased by $3,085 (4.31%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 14,006 (from $63,511 to $77,517). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 9,701 (from $73,212 to $63,511).
- It then further increased to $102,687 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.424, it is evident that income distribution in Cinco Bayou, FL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $82,665. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $51,343.
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