Age of householder
Per the latest American Community Survey by the Census Bureau, North Port sees its highest median household income among householders in the age group of 25 to 44 years old, at $86,683. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in North Port, householders within the 25 to 44 years age group have the highest median household income at $86,683, followed by those in the 45 to 64 years age group with an income of $85,426. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $67,397. Notably, householders within the under 25 years age group, had the lowest median household income at $55,600.
- 509(1.48%) households where the householder is under 25 years old.
- 9,084(26.49%) households with a householder aged between 25 and 44 years.
- 11,568(33.73%) households with a householder aged between 45 and 64 years.
- 13,136(38.30%) households where the householder is over 65 years old.
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Gender
In North Port, the population consists of 35,355 males (47.69%) and 38,776 females (52.31%). Here are the primary highlights from the gender-based income distribution analysis:
- In North Port, the median income for all workers aged 15 years and older, regardless of work hours, was $42,166 for males and $29,270 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $55,201 for males and $43,768 for females.
- In North Port, the median income for all workers aged 15 years and older, regardless of work hours, was $42,166 for males and $29,270 for females.
- In North Port, among full-time, year-round workers aged 15 years and older, males earned a median income of $55,201, while females earned $43,768, leading to a 21% gender pay gap among full-time workers. This illustrates that women earn 79 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
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Race
In North Port, the population is predominantly White, constituting 87.22% 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 $81,807.
- In North Port, White is both the largest group and the one with the highest median household income, which stands at $81,807.
- In North Port, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $81,807, marking a significant change.
- In North Port, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $75,857, marking a significant change.
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Year by year
North Port, FL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for North Port increased by $10,569 (16.44%), 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 2017 to 2018, when the median household income increased by 4,124 (from $65,494 to $69,618). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 2,895 (from $63,065 to $60,170).
- It then further increased to $84,511 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3676, it is evident that income distribution in North Port, FL exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $89,090. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $49,594.
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