Median Household Income by Age of Householder in Delray Beach, FL (2022)
This table presents the distribution of median household income among distinct age brackets of householders in Delray Beach. Based on the latest 1-Year estimates from the American Community Survey, it displays how income varies among householders of different ages in Delray Beach.
Age Of The Head Of Household | Median Household Income |
---|---|
Under 25 years | $38,002 |
25 to 44 years | $86,147 |
45 to 64 years | $103,133 |
65 years and over | $63,710 |
TABLE OF CONTENTS
Delray Beach, FL median household income by age of householder
As one can expect, household incomes typically rise as the head of the household gets older. However, this upward trend reaches a peak at a certain point, and beyond that, it tends to level off or even decrease. Based on our analysis of the distribution of Delray Beach population by age, the median age in Delray Beach is 49.7 years.
Typically for a location with median age in this range, it tends to house more established professionals, possibly reflecting stable households and higher earning poptential. Interestingly, within Delray Beach, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $103,133.
In terms of income distribution across age cohorts, in Delray Beach, householders within the 45 to 64 years age group have the highest median household income at $103,133, followed by those in the 25 to 44 years age group with an income of $86,147. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $63,710. Notably, householders within the under 25 years age group, had the lowest median household income at $38,002.
For a better visual representation of these income disparities, refer to the bar chart below. It offers a clear illustration of the differences in median household incomes based on the age of householders, derived from most current ACS data provided by the Census Bureau for the city of Delray Beach.
Analysis of income trends over the past decade highlights notable shifts across various age groups. Given the absence of data across all age groups in one of the surveyed years (either 2012 or 2022) from the US Census Bureau American Community Survey, conducting a temporal analysis for those age cohorts was unattainable.
Delray Beach, FL household income distribution across age groups
To gain a comprehensive understanding of the financial landscape within the Delray Beach population, we conducted an analysis of household incomes across 16 distinct brackets within four age cohorts: under 25 years, 25 to 44 years, 45 to 64 years, and over 65 years.
Upon closer examination of the distribution of households among age brackets, it reveals that there are 259(0.97%) households where the householder is under 25 years old, 7,462(27.96%) households with a householder aged between 25 and 44 years, 8,522(31.93%) households with a householder aged between 45 and 64 years, and 10,445(39.14%) households where the householder is over 65 years old.
The age group of 45 to 64 years exhibits the highest median household income, while the largest number of households falls within the 65 years and over bracket. This distribution hints at economic disparities within the city of Delray Beach, showcasing varying income levels among different age demographics.
Age-wise distribution of Delray Beach household incomes: Comparative analysis across 16 income brackets
Discover the household distribution across 16 income brackets among four distinct age groups in Delray Beach: Under 25 years, 25-44 years, 45-64 years, and over 65 years. This table highlights the variation in household income, offering valuable insights into economic trends and disparities within different age categories.
Household Income Age of Householder | Under 25 years | 25 to 44 years | 45 to 64 years | 65 years and over |
---|---|---|---|---|
Less than $10,000 | 46 | 189 | 397 | 994 |
$10,000 - $14,999 | - | 36 | 44 | 681 |
$15,000 - $19,999 | - | 37 | 197 | 164 |
$20,000 - $24,999 | - | 332 | 215 | 1,026 |
$25,000 - $29,999 | 51 | 298 | - | 507 |
$30,000 - $34,999 | - | 138 | 480 | 157 |
$35,000 - $39,999 | 162 | - | 508 | 368 |
$40,000 - $44,999 | - | 351 | 378 | 520 |
$45,000 - $49,999 | - | 341 | 307 | 225 |
$50,000 - $59,999 | - | 562 | 258 | 520 |
$60,000 - $74,999 | - | 625 | 471 | 847 |
$75,000 - $99,999 | - | 1,549 | 921 | 1,205 |
$100,000 - $124,999 | - | 622 | 1,072 | 854 |
$125,000 - $149,999 | - | 798 | 450 | 448 |
$150,000 - $199,999 | - | 742 | 403 | 1,107 |
$200,000 or more | - | 842 | 2,421 | 822 |
To further explore the income distribution and gain insights into financial landscape of Delray Beach when compared to the state of Florida and The United States, we analyzed household incomes across various age cohorts and their corresponding income brackets. Here, are our key findings:
- Householder under 25 years: It is noteworthy that no households in Delray Beach, where householders are under 25 years old, fall within or exceed the income bracket representing the median income of $69,303 for the state of Florida. This indicates an income disparity among households headed by individuals under 25 years old when compared to the median income of the state.
- Householder 25 to 44 years: In Delray Beach, among households headed by individuals aged 25 to 44, an impressive 69.39% match or surpass the state of Florida median income of $69,303. These 5,178 households, represent a significant portion of the total 7,462 households in Delray Beach within 25-44 years age group, reflecting commendable financial well-being within the state boundaries.
- Householder 45 to 64 years: In Delray Beach, within the age group of 45 to 64 years, a remarkable 67.33% of households meet or exceed the state of Florida median income of $69,303. These 5,738 households, out of the total 8,522 households in this age cohort, signify a substantial portion of mature demographic of Delray Beach, showcasing commendable financial stability in comparison to the Florida state median income benchmark.
- Householder 65 years and over: In Delray Beach, among the over 65 years age group, an impressive 50.58% of households either match or surpass the state of Florida median income of $69,303. These 5,283 households, constituting a significant portion of the Delray Beach city senior population, showcase commendable financial stability compared to the Florida state median income benchmark.
Things to know
Which age group reports the highest median household income in Delray Beach, FL?
In Delray Beach, households led by individuals aged 45 to 64 years report the highest median household income of $103,133 according to the American Community Survey 2022 1-Year Estimates by the US Census Bureau.
How does the median household income vary by age in Delray Beach, FL?
In terms of income distribution across age cohorts, in Delray Beach, householders within the 45 to 64 years age group have the highest median household income at $103,133, followed by those in the 25 to 44 years age group with an income of $86,147. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $63,710. Notably, householders within the under 25 years age group, had the lowest median household income at $38,002..
How does the median household income for households led by individuals of median age compare in Delray Beach, FL?
The median age in Delray Beach is 49.7, which falls within the 45 to 64 years range among the four age groups defined by the US Census Bureau. This demographic tends to house more established professionals, possibly reflecting stable households and higher earning poptential. Interestingly, within Delray Beach, the age group of 45 to 64 years also exhibits the highest median household income, recorded at $103,133.
References
- U.S. Census Bureau American Community Survey (ACS) 2022 1-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)