Age of householder
Per the latest American Community Survey by the Census Bureau, North Redington Beach sees its highest median household income among householders in the age group of 65 years and over old, at $82,690. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in North Redington Beach, where there exist only two delineated age groups, the median household income is $82,690 for householders within the 65 years and over age group, compared to $77,208 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 $28,925(53.80%), escalating from a median of $53,765 in 2011 to $82,690 in 2021.
- 3(0.49%) households where the householder is under 25 years old.
- 30(4.93%) households with a householder aged between 25 and 44 years.
- 248(40.72%) households with a householder aged between 45 and 64 years.
- 328(53.86%) households where the householder is over 65 years old.
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Gender
In North Redington Beach, the population consists of 522 males (45.47%) and 626 females (54.53%). Here are the primary highlights from the gender-based income distribution analysis:
- In North Redington Beach, the median income for all workers aged 15 years and older, regardless of work hours, was $72,639 for males and $33,215 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $97,282 for males and $65,936 for females.
- In North Redington Beach, the median income for all workers aged 15 years and older, regardless of work hours, was $72,639 for males and $33,215 for females.
- In North Redington Beach, among full-time, year-round workers aged 15 years and older, males earned a median income of $97,282, while females earned $65,936, leading to a 32% gender pay gap among full-time workers. This illustrates that women earn 68 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In North Redington Beach, the population is predominantly White, constituting 94.69% 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 $82,870.
- In North Redington Beach, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $270,229. This reveals that, while Whites may be the most numerous in North Redington Beach, Asian households experience greater economic prosperity in terms of median household income.
- In North Redington Beach, the median household income for the households where the householder is White decreased by $8,065(8.87%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $90,935 in 2011 and $82,870 in 2021.
- As per the U.S. Census Bureau population data, in North Redington 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
North Redington Beach, FL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for North Redington Beach increased by $12,758 (18.13%), 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 2010 to 2011, when the median household income increased by 18,968 (from $70,383 to $89,351). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 8,647 (from $83,798 to $75,151).
- It then further increased to $201,590 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5121, it is evident that income distribution in North Redington Beach, FL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $93,634. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $65,626.
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