Age of householder
Per the latest American Community Survey by the Census Bureau, Leesburg sees its highest median household income among householders in the age group of 65 years and over old, at $52,001. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Leesburg, householders within the 65 years and over age group have the highest median household income at $52,001, followed by those in the 45 to 64 years age group with an income of $36,970. Meanwhile householders within the under 25 years age group report the second lowest median household income of $33,717. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $32,569.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $11,380(28.02%), escalating from a median of $40,621 in 2011 to $52,001 in 2021.
- 331(3.07%) households where the householder is under 25 years old.
- 3,323(30.83%) households with a householder aged between 25 and 44 years.
- 3,069(28.47%) households with a householder aged between 45 and 64 years.
- 4,055(37.62%) households where the householder is over 65 years old.
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Gender
In Leesburg, the population consists of 12,288 males (46.83%) and 13,954 females (53.17%). Here are the primary highlights from the gender-based income distribution analysis:
- In Leesburg, the median income for all workers aged 15 years and older, regardless of work hours, was $29,882 for males and $23,629 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $35,055 for males and $34,957 for females.
- In Leesburg, the median income for all workers aged 15 years and older, regardless of work hours, was $29,882 for males and $23,629 for females.
- In Leesburg, for all full-time workers aged 15 years and older, the median income was equal at, $34,957 for both males and females. This indicates a gender income balance in Leesburg, where both men and women, in full-time year-round roles, earn an equal income.
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Race
In Leesburg, the population is predominantly White, constituting 65.65% 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 $46,303.
- In Leesburg, 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 $62,737. This reveals that, while Whites may be the most numerous in Leesburg, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Leesburg, the median household income for the households where the householder is White decreased by $3,597(7.21%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $49,900 in 2011 and $46,303 in 2021.
- In Leesburg, the median household income for the households where the householder is Black or African American decreased by $7,988(21.73%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $36,760 in 2011 and $28,772 in 2021.
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Year by year
Leesburg, FL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Leesburg decreased by $8,491 (17.38%), 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 2016 to 2017, when the median household income increased by 1,131 (from $42,833 to $43,964). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 4,818 (from $47,152 to $42,334).
- It then further increased to $61,262 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.464, it is evident that income distribution in Leesburg, FL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $59,450. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $29,972.
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