Age of householder
Per the latest American Community Survey by the Census Bureau, Grand Ridge sees its highest median household income among householders in the age group of 25 to 44 years old, at $36,861. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Grand Ridge, the median household income stands at $36,861 for householders within the 25 to 44 years age group, followed by $34,003 for the 65 years and over age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $33,381.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $333(0.99%), escalating from a median of $33,670 in 2011 to $34,003 in 2021.
- 14(3.87%) households where the householder is under 25 years old.
- 119(32.87%) households with a householder aged between 25 and 44 years.
- 122(33.70%) households with a householder aged between 45 and 64 years.
- 107(29.56%) households where the householder is over 65 years old.
Read more about Grand Ridge, FL median household income by age ➔
Gender
In Grand Ridge, the population consists of 390 males (40.92%) and 563 females (59.08%). Here are the primary highlights from the gender-based income distribution analysis:
- In Grand Ridge, the median income for all workers aged 15 years and older, regardless of work hours, was $22,885 for males and $28,290 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $33,310 for males and $33,779 for females.
- In Grand Ridge, the median income for all workers aged 15 years and older, regardless of work hours, was $22,885 for males and $28,290 for females.
- In Grand Ridge, among full-time, year-round workers aged 15 years and older, males earned a median income of $33,310, while females earned $33,779
Read more about Grand Ridge, FL income by gender ➔
Race
In Grand Ridge, the population is predominantly White, constituting 70.83% 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 $34,454.
- In Grand Ridge, 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 $35,721. This reveals that, while Whites may be the most numerous in Grand Ridge, Black or African American households experience greater economic prosperity in terms of median household income.
- In Grand Ridge, the median household income for the households where the householder is White decreased by $20,710(37.54%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $55,164 in 2011 and $34,454 in 2021.
- In Grand Ridge, there was no reported median household income for Black or African American households in 2011. However, in 2021, the median household income increased to $35,721(2022 inflation-adjusted dollars), marking a significant change.
Read more about Grand Ridge, FL median household income by race ➔
Year by year
Grand Ridge, FL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Grand Ridge decreased by $23,071 (39.36%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 3 years and declined for 8 years.
- The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 3,641 (from $46,509 to $50,150). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 7,875 (from $45,766 to $37,891).
- It then further increased to $75,505 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4138, it is evident that income distribution in Grand Ridge, FL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $39,183. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $26,010.
Read more about Grand Ridge, FL median household income ➔