Age of householder
Per the latest American Community Survey by the Census Bureau, Hampton sees its highest median household income among householders in the age group of 45 to 64 years old, at $44,588. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Hampton, where there exist only two delineated age groups, the median household income is $44,588 for householders within the 45 to 64 years age group, compared to $29,274 for the 25 to 44 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $16,439(58.40%), escalating from a median of $28,149 in 2011 to $44,588 in 2021.
- 0 households where the householder is under 25 years old.
- 31(17.42%) households with a householder aged between 25 and 44 years.
- 84(47.19%) households with a householder aged between 45 and 64 years.
- 63(35.39%) households where the householder is over 65 years old.
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Gender
In Hampton, the population consists of 219 males (44.88%) and 269 females (55.12%). Here are the primary highlights from the gender-based income distribution analysis:
- In Hampton, the median income for all workers aged 15 years and older, regardless of work hours, was $32,427 for males and $14,573 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $48,040 for males and $50,668 for females.
- In Hampton, the median income for all workers aged 15 years and older, regardless of work hours, was $32,427 for males and $14,573 for females.
- In Hampton, among full-time, year-round workers aged 15 years and older, males earned a median income of $48,040, while females earned $50,668
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Race
In Hampton, the population is predominantly White, constituting 86.89% 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 $31,752.
- In Hampton, 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 $42,377. This reveals that, while Whites may be the most numerous in Hampton, Black or African American households experience greater economic prosperity in terms of median household income.
- In Hampton, the median household income for the households where the householder is White decreased by $1,755(5.24%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $33,507 in 2011 and $31,752 in 2021.
- In Hampton, the median household income for the households where the householder is Black or African American decreased by $10,253(19.48%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $52,630 in 2011 and $42,377 in 2021.
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Year by year
Hampton, FL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Hampton decreased by $10,240 (20.96%), 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 2016 to 2017, when the median household income increased by 5,855 (from $33,198 to $39,053). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 5,320 (from $39,491 to $34,171).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.4235, it is evident that income distribution in Hampton, FL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $0. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $46,062.
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