Age of householder
Per the latest American Community Survey by the Census Bureau, Fort Walton Beach sees its highest median household income among householders in the age group of 45 to 64 years old, at $71,242. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Fort Walton Beach, the median household income stands at $71,242 for householders within the 45 to 64 years age group, followed by $60,276 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 $52,056.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $2,310(3.99%), escalating from a median of $57,966 in 2011 to $60,276 in 2021.
- 366(4.17%) households where the householder is under 25 years old.
- 2,672(30.45%) households with a householder aged between 25 and 44 years.
- 3,066(34.94%) households with a householder aged between 45 and 64 years.
- 2,671(30.44%) households where the householder is over 65 years old.
Read more about Fort Walton Beach, FL median household income by age ➔
Gender
In Fort Walton Beach, the population consists of 10,630 males (51.09%) and 10,175 females (48.91%). Here are the primary highlights from the gender-based income distribution analysis:
- In Fort Walton Beach, the median income for all workers aged 15 years and older, regardless of work hours, was $41,303 for males and $27,888 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $51,562 for males and $38,659 for females.
- In Fort Walton Beach, the median income for all workers aged 15 years and older, regardless of work hours, was $41,303 for males and $27,888 for females.
- In Fort Walton Beach, among full-time, year-round workers aged 15 years and older, males earned a median income of $51,562, while females earned $38,659, leading to a 25% gender pay gap among full-time workers. This illustrates that women earn 75 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
Read more about Fort Walton Beach, FL income by gender ➔
Race
In Fort Walton Beach, the population is predominantly White, constituting 71.49% 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 $63,579.
- In Fort Walton Beach, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $63,889. This reveals that, while Whites may be the most numerous in Fort Walton Beach, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Fort Walton Beach, the median household income for the households where the householder is White decreased by $3,423(5.11%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $67,002 in 2011 and $63,579 in 2021.
- In Fort Walton Beach, the median household income for the households where the householder is Black or African American decreased by $16,702(35.44%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $47,133 in 2011 and $30,431 in 2021.
Read more about Fort Walton Beach, FL median household income by race ➔
Year by year
Fort Walton Beach, FL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Fort Walton Beach decreased by $3,257 (5.14%), 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 2018 to 2019, when the median household income increased by 3,151 (from $59,232 to $62,383). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 3,172 (from $62,404 to $59,232).
- It then further increased to $61,589 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4483, it is evident that income distribution in Fort Walton Beach, FL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $76,745. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $35,886.
Read more about Fort Walton Beach, FL median household income ➔