Age of householder
Per the latest American Community Survey by the Census Bureau, De Funiak Springs sees its highest median household income among householders in the age group of 45 to 64 years old, at $73,683. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in De Funiak Springs, the median household income stands at $73,683 for householders within the 45 to 64 years age group, followed by $72,698 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 $33,039.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $47,649(190.22%), escalating from a median of $25,049 in 2011 to $72,698 in 2021.
- 142(5.66%) households where the householder is under 25 years old.
- 863(34.40%) households with a householder aged between 25 and 44 years.
- 846(33.72%) households with a householder aged between 45 and 64 years.
- 658(26.23%) households where the householder is over 65 years old.
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Gender
In De Funiak Springs, the population consists of 2,689 males (45.77%) and 3,186 females (54.23%). Here are the primary highlights from the gender-based income distribution analysis:
- In De Funiak Springs, the median income for all workers aged 15 years and older, regardless of work hours, was $30,734 for males and $26,919 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $41,174 for males and $44,498 for females.
- In De Funiak Springs, the median income for all workers aged 15 years and older, regardless of work hours, was $30,734 for males and $26,919 for females.
- In De Funiak Springs, among full-time, year-round workers aged 15 years and older, males earned a median income of $41,174, while females earned $44,498
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Race
In De Funiak Springs, the population is predominantly White, constituting 68.44% 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 $57,704.
- In De Funiak Springs, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $77,105. This reveals that, while Whites may be the most numerous in De Funiak Springs, Black or African American households experience greater economic prosperity in terms of median household income.
- In De Funiak Springs, the median household income for the households where the householder is White increased by $29,415(103.98%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $28,289 in 2011 and $57,704 in 2021.
- In De Funiak Springs, the median household income for the households where the householder is Black or African American increased by $54,798(245.65%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $22,307 in 2011 and $77,105 in 2021.
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Year by year
De Funiak Springs, FL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for De Funiak Springs increased by $29,776 (104.20%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 9 years and declined for 2 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 8,091 (from $48,184 to $56,275). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 1,117 (from $28,576 to $27,459).
- It then further increased to $111,633 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3809, it is evident that income distribution in De Funiak Springs, FL exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $76,294. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $30,326.
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