Age of householder
Per the latest American Community Survey by the Census Bureau, Grant-Valkaria sees its highest median household income among householders in the age group of 45 to 64 years old, at $129,385. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Grant-Valkaria, the median household income stands at $129,385 for householders within the 45 to 64 years age group, followed by $77,594 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $57,327.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $42,408(48.76%), escalating from a median of $86,977 in 2011 to $129,385 in 2021.
- 10(0.61%) households where the householder is under 25 years old.
- 198(12.04%) households with a householder aged between 25 and 44 years.
- 708(43.07%) households with a householder aged between 45 and 64 years.
- 728(44.28%) households where the householder is over 65 years old.
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Gender
In Grant-Valkaria, the population consists of 2,142 males (48.15%) and 2,307 females (51.85%). Here are the primary highlights from the gender-based income distribution analysis:
- In Grant-Valkaria, the median income for all workers aged 15 years and older, regardless of work hours, was $46,730 for males and $32,999 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $73,637 for males and $45,483 for females.
- In Grant-Valkaria, the median income for all workers aged 15 years and older, regardless of work hours, was $46,730 for males and $32,999 for females.
- In Grant-Valkaria, among full-time, year-round workers aged 15 years and older, males earned a median income of $73,637, while females earned $45,483, leading to a 38% gender pay gap among full-time workers. This illustrates that women earn 62 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Grant-Valkaria, the population is predominantly White, constituting 89.10% 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 $93,904.
- In Grant-Valkaria, White is both the largest group and the one with the highest median household income, which stands at $93,904.
- In Grant-Valkaria, the median household income for the households where the householder is White increased by $14,671(18.52%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $79,233 in 2011 and $93,904 in 2021.
- In Grant-Valkaria, the median household income for Black or African American households was $227,191 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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Year by year
Grant-Valkaria, FL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Grant-Valkaria increased by $1,472 (1.68%), 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 2019 to 2020, when the median household income increased by 18,027 (from $87,193 to $105,220). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 16,290 (from $105,220 to $88,930).
- It then further increased to $132,059 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.419, it is evident that income distribution in Grant-Valkaria, FL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $107,341. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $61,091.
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