Age of householder
Per the latest American Community Survey by the Census Bureau, Labelle sees its highest median household income among householders in the age group of 65 years and over old, at $40,638. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Labelle, where there exist only two delineated age groups, the median household income is $40,638 for householders within the 65 years and over age group, compared to $36,572 for the 25 to 44 years age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $2,354(5.48%), declining from a median of $42,992 in 2011 to $40,638 in 2021.
- 45(3.32%) households where the householder is under 25 years old.
- 417(30.77%) households with a householder aged between 25 and 44 years.
- 388(28.63%) households with a householder aged between 45 and 64 years.
- 505(37.27%) households where the householder is over 65 years old.
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Gender
In Labelle, the population consists of 2,636 males (53.97%) and 2,248 females (46.03%). Here are the primary highlights from the gender-based income distribution analysis:
- In Labelle, the median income for all workers aged 15 years and older, regardless of work hours, was $33,433 for males and $21,135 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $42,084 for males and $47,709 for females.
- In Labelle, the median income for all workers aged 15 years and older, regardless of work hours, was $33,433 for males and $21,135 for females.
- In Labelle, among full-time, year-round workers aged 15 years and older, males earned a median income of $42,084, while females earned $47,709
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Race
In Labelle, the population is predominantly White, constituting 65.38% 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 $37,048.
- In Labelle, White is both the largest group and the one with the highest median household income, which stands at $37,048.
- In Labelle, the median household income for the households where the householder is White decreased by $12,250(24.85%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $49,298 in 2011 and $37,048 in 2021.
- In Labelle, the median household income for the households where the householder is Black or African American decreased by $4,907(12.90%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $38,039 in 2011 and $33,132 in 2021.
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Year by year
Labelle, FL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Labelle decreased by $9,299 (20.23%), 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 2014 to 2015, when the median household income increased by 7,302 (from $42,585 to $49,887). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 10,701 (from $49,075 to $38,374).
- It then further increased to $96,552 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4375, it is evident that income distribution in Labelle, FL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $36,265. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $23,271.
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