Age of householder
Per the latest American Community Survey by the Census Bureau, Key Colony Beach sees its highest median household income among householders in the age group of 65 years and over old, at $103,449. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Key Colony Beach, where there exist only two delineated age groups, the median household income is $103,449 for householders within the 65 years and over age group, compared to $94,880 for the 45 to 64 years age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $58,909(132.26%), escalating from a median of $44,540 in 2011 to $103,449 in 2021.
- 0 households where the householder is under 25 years old.
- 20(4.88%) households with a householder aged between 25 and 44 years.
- 132(32.20%) households with a householder aged between 45 and 64 years.
- 258(62.93%) households where the householder is over 65 years old.
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Gender
In Key Colony Beach, the population consists of 339 males (45.56%) and 405 females (54.44%). Here are the primary highlights from the gender-based income distribution analysis:
- In Key Colony Beach, the median income for all workers aged 15 years and older, regardless of work hours, was $65,936 for males and $37,832 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $65,820 for males and $80,331 for females.
- In Key Colony Beach, the median income for all workers aged 15 years and older, regardless of work hours, was $65,936 for males and $37,832 for females.
- In Key Colony Beach, among full-time, year-round workers aged 15 years and older, males earned a median income of $65,820, while females earned $80,331
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Race
In Key Colony Beach, the population is predominantly White, constituting 93.82% 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 $102,647.
- In Key Colony Beach, White is both the largest group and the one with the highest median household income, which stands at $102,647.
- In Key Colony Beach, the median household income for the households where the householder is White increased by $36,941(56.22%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $65,706 in 2011 and $102,647 in 2021.
- As per the U.S. Census Bureau population data, in Key Colony Beach, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
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Year by year
Key Colony Beach, FL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Key Colony Beach increased by $27,032 (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 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 15,131 (from $79,680 to $94,811). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 10,907 (from $115,042 to $104,135).
- It then further increased to $111,179 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4519, it is evident that income distribution in Key Colony Beach, FL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $127,608. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $85,872.
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