Age of householder
Per the latest American Community Survey by the Census Bureau, Howey-In-The-Hills sees its highest median household income among householders in the age group of 25 to 44 years old, at $106,740. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Howey-In-The-Hills, the median household income stands at $106,740 for householders within the 25 to 44 years age group, followed by $103,748 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $53,145.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $31,718(42.28%), escalating from a median of $75,022 in 2011 to $106,740 in 2021.
- 7(0.89%) households where the householder is under 25 years old.
- 177(22.55%) households with a householder aged between 25 and 44 years.
- 297(37.83%) households with a householder aged between 45 and 64 years.
- 304(38.73%) households where the householder is over 65 years old.
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Gender
In Howey-In-The-Hills, the population consists of 964 males (51.33%) and 914 females (48.67%). Here are the primary highlights from the gender-based income distribution analysis:
- In Howey-In-The-Hills, the median income for all workers aged 15 years and older, regardless of work hours, was $46,820 for males and $34,173 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $54,414 for males and $63,842 for females.
- In Howey-In-The-Hills, the median income for all workers aged 15 years and older, regardless of work hours, was $46,820 for males and $34,173 for females.
- In Howey-In-The-Hills, among full-time, year-round workers aged 15 years and older, males earned a median income of $54,414, while females earned $63,842
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Race
In Howey-In-The-Hills, the population is predominantly White, constituting 88.82% 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 $80,123.
- In Howey-In-The-Hills, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $95,255. This reveals that, while Whites may be the most numerous in Howey-In-The-Hills, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Howey-In-The-Hills, the median household income for the households where the householder is White increased by $796(1%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $79,327 in 2011 and $80,123 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
Howey-In-The-Hills, FL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Howey-In-The-Hills decreased by $3,165 (3.82%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 4,267 (from $70,224 to $74,491). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 5,802 (from $82,361 to $76,559).
- It then further increased to $80,258 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.415, it is evident that income distribution in Howey-In-The-Hills, FL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $89,544. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $35,516.
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