Age of householder
Per the latest American Community Survey by the Census Bureau, Gadsden County sees its highest median household income among householders in the age group of 45 to 64 years old, at $51,689. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Gadsden County, the median household income stands at $51,689 for householders within the 45 to 64 years age group, followed by $45,263 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 $44,755.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $6,011(15.31%), escalating from a median of $39,252 in 2011 to $45,263 in 2021.
- 232(1.47%) households where the householder is under 25 years old.
- 3,817(24.21%) households with a householder aged between 25 and 44 years.
- 6,570(41.66%) households with a householder aged between 45 and 64 years.
- 5,150(32.66%) households where the householder is over 65 years old.
Read more about Gadsden County, FL median household income by age ➔
Gender
In Gadsden County, the population consists of 20,969 males (47.41%) and 23,264 females (52.59%). Here are the primary highlights from the gender-based income distribution analysis:
- In Gadsden County, the median income for all workers aged 15 years and older, regardless of work hours, was $32,085 for males and $25,727 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,293 for males and $37,832 for females.
- In Gadsden County, the median income for all workers aged 15 years and older, regardless of work hours, was $32,085 for males and $25,727 for females.
- In Gadsden County, among full-time, year-round workers aged 15 years and older, males earned a median income of $46,293, while females earned $37,832, leading to a 18% gender pay gap among full-time workers. This illustrates that women earn 82 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 Gadsden County, FL income by gender ➔
Race
In Gadsden County, the population is predominantly Black or African American, constituting 55.28% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $39,147.
- In Gadsden County, despite the Black or African American population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $59,072. This reveals that, while Black or African Americans may be the most numerous in Gadsden County, White households experience greater economic prosperity in terms of median household income.
- In Gadsden County, the median household income for the households where the householder is White decreased by $5,646(8.72%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $64,718 in 2011 and $59,072 in 2021.
- In Gadsden County, the median household income for the households where the householder is Black or African American increased by $5,202(15.32%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $33,945 in 2011 and $39,147 in 2021.
Read more about Gadsden County, FL median household income by race ➔
Year by year
Gadsden County, FL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Gadsden County decreased by $2,094 (4.34%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2015 to 2016, when the median household income increased by 3,066 (from $44,063 to $47,129). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 4,465 (from $48,207 to $43,742).
- It then further increased to $37,089 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4523, it is evident that income distribution in Gadsden County, FL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $57,844. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $32,466.
Read more about Gadsden County, FL median household income ➔