Income

Household Income (HHI)

Median HHI - $76,749

With a Median Household Income of $76,749 the Miami-Fort Lauderdale, FL Market ranks 51st across STI Markets.

Average HHI - $111,364

The Average Household Income is $111,364 for which this market ranks 31st.

Income Distribution

Figure 37: Income Distribution

Income Distribtuion Line

Below the multi-colored line represents the same data for household income in the Miami-Fort Lauderdale, FL market, but more equally lays out the distribution of population versus the income level, correcting for differences in size of income ranges. You will also notice that after 200k the income ranges are scaled down so the focus is more centered on the more numerous Households making under 200k. The black line represents the National Income Distribution for comparison.

Figure 38: Income Distribution Line

Income Inequality - High

The distribution of Household Income in the Miami-Fort Lauderdale, FL market can be considered High with a Gini coefficient of 0.458. This market ranks 21st in Household Income Inequality across all STI Markets.

Average Household Income by Census Tract

The interquartile range of Average Household Income across the market’s Census Tracts, that is its 25th percentile and 75th percentile values, are $73,733 and $132,576, respectively.

Figure 39: Household Income Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 40: Income Distribution Line

HHI Age under 25 - $72,508

With an Average Household Income for those head of householders aged under 25 of $72,508 the Miami-Fort Lauderdale, FL market ranks 22nd across STI Markets.

Figure 41: HHI 00to25 Thematic

HHI Age 25 to 45 - $114,873

With an Average Household Income for those head of householders aged 25 to 45 of $114,873 the Miami-Fort Lauderdale, FL market ranks 33rd across STI Markets.

Figure 42: HHI 25to45 Thematic

HHI Age 45 to 65 - $123,416

With an Average Household Income for those head of householders aged 45 to 65 of $123,416 the Miami-Fort Lauderdale, FL market ranks 34th across STI Markets.

Figure 43: HHI 45to65 Thematic

HHI Age 65 plus - $96,900

With an Average Household Income for those head of householders aged 65 and over of $96,900 the Miami-Fort Lauderdale, FL market ranks 18th across STI Markets.

Figure 44: HHI 65over Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 45: Income Distribution Line

HHI White - $123,103

With an Average Household Income for those head of householders Non-Hispanic White of $123,103 the Miami-Fort Lauderdale, FL market ranks 26th across STI Markets.

Figure 46: HHI white Thematic

HHI Black - $88,094

With an Average Household Income for those head of householders identifying as Non-Hispanic Black of $88,094 the Miami-Fort Lauderdale, FL market ranks 33rd across STI Markets.

Figure 47: HHI black Thematic

HHI Asian - $128,221

With an Average Household Income for those head of householders identifying as Non-Hispanic Asian of $128,221 the Miami-Fort Lauderdale, FL market ranks 36th across STI Markets.

Figure 48: HHI asian Thematic

HHI Other - $113,664

With an Average Household Income for those head of householders identifying as Non-Hispanic Other of $113,664 the Miami-Fort Lauderdale, FL market ranks 25th across STI Markets.

Figure 49: HHI other Thematic

HHI Hispanic - $103,700

With an Average Household Income for those head of householders identifying as Hispanic of $103,700 the Miami-Fort Lauderdale, FL market ranks 23rd across STI Markets.

Figure 50: HHI hispanic Thematic

Disposible Income - $84,119

Disposable income is defined here as Household Income after accounting for Federal, State, and Local taxes. The Average Household Disposable Income is $84,119 which ranks 34th across STI Markets.

This is a drop of $27,246, or 24.47%, overall this percentage drop ranks 19th across STI Markets.

Figure 51: Disposible Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Discretionary Income - $57,699

Discretionary income goes a step further. It takes Disposable Income, which already accounts for taxes, and accounts for the typical cost of Food, Housing, and Clothing. The Average Household Discretionary Income is $57,699 which ranks 49th across STI Markets.

This is a drop of $53,666, or 48.19%, overall this percentage drop ranks 19th across STI Markets.

Figure 52: Discretionary Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Labor

Housing