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The total population of Cutler Bay is estimated to be 44,738 with 21,408 males (47.85%) and 23,330 females (52.15%). There are 1,922 more females than males in Cutler Bay.
The median household income in Cutler Bay was $78,988 in 2021, which marked an a decrease of 6,790(7.92%) from $85,778 in 2020. This income is 105.87% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Cutler Bay sees its highest median household income among householders in the age group of under 25 years old, at $94,966. Overall, the median household income for the town of Cutler Bay stands at $78,988.
In Cutler Bay, the median income for all workers aged 15 years and older, regardless of work hours, was $41,604 for males and $27,730 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $53,022 for males and $45,035 for females.
In Cutler Bay, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Asian households have the highest median household income at $103,227, while Some Other Race households represent the opposite end with the lowest median household income of $70,201.
In 2022, the population of Cutler Bay was 43,958, a 0.97% decrease year-by-year from 2021. Previously, in 2021, Cutler Bay's population was 44,389, a decline of 1.82% compared to a population of 45,210 in 2020.
The median age in Cutler Bay, FL is 39.5, as per 2021 ACS 5-Year Estimates. Of the total population, 19.08% were under the age of 15, 19.18% aged 15 to 29, 47.01% aged 30 to 64, 12.66% aged 65 to 84, and 2.08% were 85 years of age and older.
Racial distribution of Cutler Bay population: 62.59% are White, 10.42% are Black or African American, 0.16% are American Indian and Alaska Native, 1.38% are Asian, 4.39% are some other race and 21.05% are multiracial.