Income
Household Income (HHI)
Median HHI - $71,632
With a Median Household Income of $71,632 the Tampa-Lakeland-Sarasota, FL Market ranks 70th across STI Markets.
Income Distribtuion Line
Below the multi-colored line represents the same data for household income in the Tampa-Lakeland-Sarasota, 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.
![Income Distribution Line](Bookdown_files/figure-html/PS0008-HHI-DistLong-1.png)
Figure 38: Income Distribution Line
HH Income by Age of Head of Householder
HHI Age under 25 - $63,789
With an Average Household Income for those head of householders aged under 25 of $63,789 the Tampa-Lakeland-Sarasota, FL market ranks 40th across STI Markets.
![HHI 00to25 Thematic](Bookdown_files/figure-html/PS0008-HHI-00to25-Map-1.png)
Figure 41: HHI 00to25 Thematic
HHI Age 25 to 45 - $106,288
With an Average Household Income for those head of householders aged 25 to 45 of $106,288 the Tampa-Lakeland-Sarasota, FL market ranks 55th across STI Markets.
![HHI 25to45 Thematic](Bookdown_files/figure-html/PS0008-HHI-25to45-Map-1.png)
Figure 42: HHI 25to45 Thematic
HH Income by Age of Head of Householder
HHI White - $104,491
With an Average Household Income for those head of householders Non-Hispanic White of $104,491 the Tampa-Lakeland-Sarasota, FL market ranks 58th across STI Markets.
![HHI white Thematic](Bookdown_files/figure-html/PS0008-HHI-white-Map-1.png)
Figure 46: HHI white Thematic
HHI Black - $79,423
With an Average Household Income for those head of householders identifying as Non-Hispanic Black of $79,423 the Tampa-Lakeland-Sarasota, FL market ranks 50th across STI Markets.
![HHI black Thematic](Bookdown_files/figure-html/PS0008-HHI-black-Map-1.png)
Figure 47: HHI black Thematic
HHI Asian - $117,609
With an Average Household Income for those head of householders identifying as Non-Hispanic Asian of $117,609 the Tampa-Lakeland-Sarasota, FL market ranks 53rd across STI Markets.
![HHI asian Thematic](Bookdown_files/figure-html/PS0008-HHI-asian-Map-1.png)
Figure 48: HHI asian Thematic
Disposible Income - $78,767
Disposable income is defined here as Household Income after accounting for Federal, State, and Local taxes. The Average Household Disposable Income is $78,767 which ranks 54th across STI Markets.
This is a drop of $21,001, or 21.05%, overall this percentage drop ranks 81st across STI Markets.
![Disposible Income VS HH Income](Bookdown_files/figure-html/PS0008-DispInc-Comp-1.png)
Figure 51: Disposible Income VS HH Income
Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease
Discretionary Income - $57,435
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 $57,435 which ranks 58th across STI Markets.
This is a drop of $42,333, or 42.43%, overall this percentage drop ranks 64th across STI Markets.
![Discretionary Income VS HH Income](Bookdown_files/figure-html/PS0008-DiscInc-Comp-1.png)
Figure 52: Discretionary Income VS HH Income
Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease