Age of householder
Per the latest American Community Survey by the Census Bureau, Lauderdale-By-The-Sea sees its highest median household income among householders in the age group of 45 to 64 years old, at $89,641. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Lauderdale-By-The-Sea, where there exist only two delineated age groups, the median household income is $89,641 for householders within the 45 to 64 years age group, compared to $75,394 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 $20,073(36.28%), escalating from a median of $55,321 in 2011 to $75,394 in 2021.
- 0 households where the householder is under 25 years old.
- 223(6.60%) households with a householder aged between 25 and 44 years.
- 1,320(39.08%) households with a householder aged between 45 and 64 years.
- 1,835(54.32%) households where the householder is over 65 years old.
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Gender
In Lauderdale-By-The-Sea, the population consists of 2,733 males (43.86%) and 3,498 females (56.14%). Here are the primary highlights from the gender-based income distribution analysis:
- In Lauderdale-By-The-Sea, the median income for all workers aged 15 years and older, regardless of work hours, was $65,621 for males and $35,375 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $85,964 for males and $96,438 for females.
- In Lauderdale-By-The-Sea, the median income for all workers aged 15 years and older, regardless of work hours, was $65,621 for males and $35,375 for females.
- In Lauderdale-By-The-Sea, among full-time, year-round workers aged 15 years and older, males earned a median income of $85,964, while females earned $96,438
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Race
In Lauderdale-By-The-Sea, the population is predominantly White, constituting 85.72% 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 $82,523.
- In Lauderdale-By-The-Sea, White is both the largest group and the one with the highest median household income, which stands at $82,523.
- In Lauderdale-By-The-Sea, the median household income for the households where the householder is White increased by $6,583(8.67%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $75,940 in 2011 and $82,523 in 2021.
- In Lauderdale-By-The-Sea, the median household income for Black or African American households was $218,917 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
Lauderdale-By-The-Sea, FL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Lauderdale-By-The-Sea increased by $7,862 (11.26%), 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 2016 to 2017, when the median household income increased by 12,537 (from $64,260 to $76,797). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 13,854 (from $78,114 to $64,260).
- It then further increased to $270,229 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5646, it is evident that income distribution in Lauderdale-By-The-Sea, FL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $119,801. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $50,244.
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