Age of householder
Per the latest American Community Survey by the Census Bureau, Highland Beach sees its highest median household income among householders in the age group of 45 to 64 years old, at $157,456. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Highland Beach, where there exist only two delineated age groups, the median household income is $157,456 for householders within the 45 to 64 years age group, compared to $134,285 for the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $34,116(34.06%), escalating from a median of $100,169 in 2011 to $134,285 in 2021.
- 0 households where the householder is under 25 years old.
- 14(0.63%) households with a householder aged between 25 and 44 years.
- 637(28.67%) households with a householder aged between 45 and 64 years.
- 1,571(70.70%) households where the householder is over 65 years old.
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Gender
In Highland Beach, the population consists of 2,035 males (47.95%) and 2,209 females (52.05%). Here are the primary highlights from the gender-based income distribution analysis:
- In Highland Beach, the median income for all workers aged 15 years and older, regardless of work hours, was $106,597 for males and $32,272 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $159,097 for males and $108,611 for females.
- In Highland Beach, the median income for all workers aged 15 years and older, regardless of work hours, was $106,597 for males and $32,272 for females.
- In Highland Beach, among full-time, year-round workers aged 15 years and older, males earned a median income of $159,097, while females earned $108,611, leading to a 32% gender pay gap among full-time workers. This illustrates that women earn 68 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 Highland Beach, the population is predominantly White, constituting 89.07% 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 $136,855.
- In Highland Beach, White is both the largest group and the one with the highest median household income, which stands at $136,855.
- In Highland Beach, the median household income for the households where the householder is White increased by $22,460(19.63%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $114,395 in 2011 and $136,855 in 2021.
- In Highland Beach, the median household income for Black or African American households was $326,895 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
Highland Beach, FL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Highland Beach increased by $14,917 (12.35%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 9 years and declined for 2 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 8,459 (from $123,837 to $132,296). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 10,808 (from $130,824 to $120,016).
- It then further increased to $178,407 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.55, it is evident that income distribution in Highland Beach, FL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $144,156. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $113,014.
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